Global Travel Media » Blog Archive » STR: Central/South America hotel performance for November 2019

Home » Hotel Trends » Currently Reading:

STR: Central/South America hotel performance for November 2019

December 27, 2019 Hotel Trends No Comments Email Email


Hotels in the Central/South America region reported positive performance results during November 2019, according to data from STR.

U.S. dollar constant currency, November 2019 vs. November 2018

Central/South America

  • Occupancy: +4.1% to 60.5%
  • Average daily rate (ADR): +7.5% to US$90.54
  • Revenue per available room (RevPAR): +11.9% to US$54.77

Note: Venezuela data was not included in this sample due to currency fluctuations in the country drastically affecting hotel performance figures for all of South America.

Local currency, November 2019 vs. November 2018

Panama City

  • Occupancy: -7.3% to 47.9%
  • ADR: flat at PAB86.27
  • RevPAR: -7.3% to PAB41.35

The market’s November occupancy dipped below 50% for the first time in STR’s Panama City database. While supply was up a healthy 1.7%, STR analysts pin the decline in occupancy more to a 5.7% drop in demand.

Chile

  • Occupancy: -29.9% to 51.4%
  • ADR: +0.8% to CLP83,344.89
  • RevPAR: -29.3% to CLP42,805.29

STR analysts attribute a 28.7% decrease in demand to prolonged protests in the country.



Comment on this Article:







Time limit is exhausted. Please reload CAPTCHA.

Platinium Partnership

ADVERTISEMENTS

Elite Partnership Sponsors

ADVERTISEMENTS

Premier Partnership Sponsors

ADVERTISEMENTS

Official Media Event Partner

ADVERTISEMENTS

Global travel media endorses the following travel Publication

ADVERTISEMENTS

GLOBAL TRAVEL MEDIA VIDEOS

ADVERTISEMENTS

%d bloggers like this:
%d bloggers like this:
sitemap