The Mexican hotel industry recorded positive results in the three key performance metrics for the third quarter of 2016, according to data from STR.
Compared with Q3 2015, the Mexican hotel industry’s occupancy increased 2.1% to 63.5%. Average daily rate was up 14.0% to MXN2,067.44. Revenue per available room grew 16.3% to MXN1,312.17.
With double-digit increases in ADR, all five key markets in the country posted double-digit growth in RevPAR, led by Central Mexico (+16.5% to MXN785.20) and Northwest Mexico (+16.0% to MXN1,141.79).
The Yucatan Peninsula recorded the quarter’s highest absolute values across the three key performance metrics: occupancy (68.9%), ADR (MXN3,170.60) and RevPAR (MXN2,183.72).
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Additional Performance Data
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