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Central/South America hotel performance for October 2020

November 25, 2020 Hotel Trends No Comments Email Email

The Central/South America hotel industry reported its highest performance levels since the beginning of the pandemic, according to October 2020 data from STR.US$ constant currency, October 2020 (percentage change from October 2019)

  • Occupancy: 29.0% (-52.7%)
  • Average daily rate (ADR): US$66.68 (-21.4%)
  • Revenue per available room (RevPAR): US$19.36 (-62.8%)

Each of the three key performance metrics were the highest for any month in STR’s Central/South America database since March.

Local currency, October 2020 (percentage change from October 2019)

Peru

  • Occupancy: 40.9% (-36.7%)
  • ADR: PEN189.68 (-52.3%)
  • RevPAR: PEN77.61 (-69.8%)

The absolute occupancy level was the lowest for any month in Peru since May, while the RevPAR level was the lowest for any month since April. ADR, however, was the highest for any month since June.

Colombia

  • Occupancy: 22.2% (-64.0%)
  • ADR: COP225,976.65 (-14.7%)
  • RevPAR: COP50,167.45 (-69.3%)

Each of the three key performance metrics were the highest for any month in Colombia since March 2020. On Tuesday, 1 December at 9:00 a.m. (Bogota time), STR will provide the latest insights on how the pandemic has impacted hotel performance in key markets in Latin America. Register here.

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