Americas hotel results for April 2012 | STR
The Americas region recorded positive results in the three key performance metrics when reported in U.S. dollars for April 2012, according to data compiled by STR and STR Global. The Americas region reported a 1.4-percent increase in occupancy to 61.8 percent, a 4.3-percent gain in average daily rate to US$108.25 and a 5.8-percent jump in revenue per available room to US$66.95.
Among the region"s key markets, Santiago, Chile, reported the largest occupancy increase, rising 7.3 percent to 74.2 percent, followed by Chicago, Illinois (+6.1 percent to 66.3 percent), and Los Angeles, California (+6.1 percent to 75.2 percent). Panama City, Panama, fell 8.8 percent in occupancy to 54.8 percent, ending the month with the largest occupancy decrease, followed by Sao Paulo, Brazil, with a 6.7-percent decrease to 65.5 percent.
Three markets experienced double-digit ADR increases: Santiago (+21.1 percent to US$209.66); San Francisco, California (+11.3 percent to US$152.44); and Chicago (+10.1 percent to US$119.96). Panama City fell 15.4 percent in ADR to US$118.14, reporting the only double-digit decrease in that metric.
Santiago (+29.9 percent to US$155.57) and Chicago (+16.8 percent to US$79.50) achieved the largest RevPAR increases for the month. Panama City fell 22.9 percent in RevPAR to US$64.77, posting the largest decrease in that metric.
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