Central/South America hotel occupancy fell 2.1% to 58.8% in February, but a 9.7% ADR increase to $93.60 pushed RevPAR up 7.4% to $55.04.
Hotels in the Central/South America region reported mostly positive performance results during February 2020, according to data from STR.
U.S. dollar constant currency, February 2020 vs. February 2019
• Occupancy: -2.1% to 58.8%
• Average daily rate (ADR): +9.7% to US$93.60
• Revenue per available room (RevPAR): +7.4% to US$55.04
February data had not yet shown the COVID-19 impact on hotels across the region. STR continues to monitor the situation and will host a webinar specific to LATAM performance, alternating between Spanish and Portuguese, every Tuesday, starting 24 March at 8:30 a.m. CST (13:30 GMT). More information and COVID-19 analysis, including recent webinars, can be found here.
STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com.