HENDERSONVILLE, Tennessee -- Mexico's hotel industry reported lower occupancy levels but growth in room rates during Q2 2018, according to data from STR. Compared with Q2 2017:Occupancy: -3.2% to 63.5%Average daily rate (ADR): +1.
Argentina continues streak of double-digit growthEcuador room rates decline for third-straight monthPanama demand drives performanceLONDON -- Hotels in the Central/South America region reported positive May 2018 performance results, according to data from STR.
Natural disasters in the region have not only impacted performance, but also the cost of development, whereby contractors and suppliers are busy rebuilding many destinations and this is having an above inflationary effect on cost and delaying completions.
Brazil continues streak of occupancy and room-rate growthCosta Rica breaks April performance recordsPeru room rates increase for first time in 2018LONDON -- Hotels in the Central/South America region reported positive April 2018 performance results, according to data from STR.
Mexico's hotel industry reported mixed year-over-year results in the three key performance metrics during the first quarter of 2018, according to data from STR. Compared with Q1 2017:Occupancy: +0.6% to 65.
Hotels in the Central/South America region reported positive Q1 2018 performance results, according to data from STR. STR's sample comprises more than 59,000 hotels and 8.0 million hotel rooms around the globe.
BUENOS AIRES -- South America hotel demand is growing at a quicker pace than supply for the first time since 2011, according to data and analysis from Boo covered the region's supply/demand dynamic and hotel performance during her presentation earlier today ahead of the World Travel and Tourism Council Global Summit.
