STR: Mexico hotel performance for Q2 2017
Mexico's hotel industry reported positive year-over-year results in the three key performance metrics during the second quarter of 2017, according to data from STR. Compared with Q2 2016:
HENDERSONVILLE, Tennessee -- Mexico's hotel industry reported positive year-over-year results in the three key performance metrics during the second quarter of 2017, according to data from STR.
Compared with Q2 2016:
- Occupancy: +3.1% to 65.7%
- Average daily rate (ADR): +7.3% to MXN2,253.96
- Revenue per available room (RevPAR): +10.7% to MXN1,481.25
The absolute occupancy level was the highest for any quarter in Mexico since Q1 2006.
"Hotel performance remains strong despite concerns around U.S. and Mexico relations and the recent surge in the value of the peso against the dollar," said Fatima Thompson, STR's associate director of business development, hotels. "The favorable exchange rate and incredible value has been a key in driving U.S. visitors to Mexico."
Among key markets in the country, Central Mexico experienced the largest increases across the three key performance metrics: occupancy (+7.0% to 61.4%), ADR (+13.1% to MXN1,444.51) and RevPAR (+21.1% to MXN886.28).
Overall, three of Mexico's five key markets as defined by STR recorded a double-digit increase in RevPAR.
N.W. Mexico posted the only other double-digit increase in ADR (+10.1% to MXN2,417.38).
Mexico City was the only key market to report a decrease in each of the three metrics: occupancy (-5.3% to 66.8%), ADR (-1.9% to MXN2,408.48) and RevPAR (-7.1% to MXN1,609.40).
N.E. Mexico-Monterrey experienced the only other decrease in occupancy (-2.9% to 64.2%).
Among class segments, Upper Midscale posted the largest increases in ADR (+12.1% to MXN1,250.22) and RevPAR (+17.7% to MXN824.18).
The Economy class reported the largest increase in occupancy (+6.4% to 63.9%).
About CoStar Group, Inc.
CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.
CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.
CoStar Group’s websites attracted over 139 million average monthly unique visitors in the fourth quarter of 2025, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com.
Media Contact
Alex Anstett
Media & Communications Coordinator - STR [email protected]