STR Global posts February 2009 results for the Americas
Among the key markets, Montreal, Canada (-2.7 percent to 54.1 percent), and Ottawa, Canada (-2.7 percent to 71.8 percent), reported the smallest decreases in occupancy in year-over-year measurement for February 2009. Santiago, Chile, had a decrease in occupancy of 22.6 percent to 56.2 percent-the largest decrease in occupancy among the markets. Santiago had the only increase in ADR, which was up 3.3 percent to US$131.74. Washington, D.C., United States, and Nassau, Bahamas, both reported ADR decreases of less than 2 percent (-1.9 percent to US$147.98 and 1.7 percent to US$322.09, respectively). Sao Paulo, Brazil, reported the largest decrease in ADR, which was down 26.7 percent to US$72.87. Washington, D.C., reported the only single-digit decrease in RevPAR (-5.8 percent to US$85.28). Sao Paulo led the RevPAR decreases, with a 38.7-percent decline to US$35.02. Toronto, Canada, also decreased more than 30 percent in RevPAR, ending the month down 30.9 percent to US$60.05.
|Country||Occupancy||% change||ADR||% change||RevPAR||% change|
About STR & STR Global: For more than 20 years, Smith Travel Research has been the recognized leader for lodging industry benchmarking and research. Smith Travel Research and STR Global offer monthly, weekly, and daily STAR benchmarking reports to more than 36,000 hotel clients, representing nearly 5 million rooms worldwide. STR is headquartered in Hendersonville, Tennessee, and STR Global is based in London. For more information, visit .
Jeff Higley (STR)
VP, Digital Media & Communications
Phone: +1 (615) 824-8664 ext. 3318