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Hotel Industry in Mexico Reports Mixed Results for Q3 2017

For the third quarter, Mexico’s hotel industry saw an occupancy drop 1.6%, while average daily rate grew 4.1% and revenue per available room increased 2.5%.

Mexico’s hotel industry reported mixed year-over-year results in the three key performance metrics during the third quarter of 2017, according to data from STR.

Compared with Q3 2016:

Among key markets in the country, Central Mexico experienced the largest increase in RevPAR (+5.7% to MXN810.28), due to the largest lift in ADR (+7.5% to MXN1,352.02). Occupancy in the market fell 1.7% to 59.9%.

The Yucatan Peninsula experienced the only rise in occupancy (+0.3% to 69.0%).

Mexico City reported the largest decline in occupancy (-4.4% to 65.5%) and the only decreases in ADR (-2.8% to MXN2,208.09) and RevPAR (-7.1% to MXN1,445.68).

Among class segments, the Economy class posted the largest increases in occupancy (+2.6% to 66.0%) and RevPAR (+3.0% to MXN489.45).

The Midscale class reported the largest increase in ADR (+5.8% to MXN987.42).

About STR

STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 10 countries around the world with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. For more information, please visit str.com.

Posted by on October 27, 2017.

Categories: Trends

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