Americas report increases in April 2011 (STR Global)
The Americas region recorded positive results in the three key performance metrics when reported in U.S. dollars for April 2011, according to data compiled by STR and STR Global. The Americas region ended April with a 4.7-percent increase in occupancy to 61.2 percent, average daily rate was up 3.3 percent to US$103.53, and revenue per available room rose 8.1 percent for the month to US$63.35.
The Americas region recorded positive results in the three key performance metrics when reported in U.S. dollars for April 2011, according to data compiled by STR and STR Global.
The Americas region ended April with a 4.7-percent increase in occupancy to 61.2 percent, average daily rate was up 3.3 percent to US$103.53, and revenue per available room rose 8.1 percent for the month to US$63.35.
Among the key markets in the region, Rio de Janeiro, Brazil, achieved the largest occupancy increase, rising 13.1 percent to 77.4 percent, followed by Miami-Hialeah, Florida, with a 9.5-percent increase to 79.8 percent. Two markets posted occupancy decreases of more than 5 percent: Toronto, Canada (-8.0 percent to 63.4 percent), and Washington, D.C. (-6.0 percent to 73.7 percent).
Sao Paulo, Brazil, jumped 28.4 percent in ADR to US$147.95, reporting the largest increase in that metric. Rio de Janeiro (+15.4 percent to US$207.33) and Miami-Hialeah (+13.1 percent to US$170.73), followed Sao Paulo with the only other double-digit ADR increases. Washington, D.C. (-2.9 percent to US$151.28), and Toronto (-0.4 percent to US$138.37) reported the only ADR decreases for the month.
Three markets experienced RevPAR increases of more than 20 percent: Sao Paulo (+34.4 percent to US$103.46); Rio de Janeiro (+30.6 percent to US$160.48); and Miami-Hialeah (+23.8 percent to US$136.25). Two markets posted RevPAR decreases: Washington, D.C (-8.8 percent to US$111.55), and Toronto (-8.4 percent to US$87.78).
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