LONDON – Hotels in Central America reported mixed year-over-year results in November 2017, while hotels in South America posted growth across the three key performance metrics, according to data from STR.

U.S. dollar constant currency, November 2017 vs. November 2016

Central America

  • Occupancy: +1.0% to 63.0%
  • Average daily rate (ADR): -1.2% to US$103.68
  • Revenue per available room (RevPAR): -0.3% to US$65.31

South America

  • Occupancy: +6.4% to 63.3%
  • ADR: +15.1% to US$116.08
  • RevPAR: +22.4% to US$73.43

STR analysts note that besides Uruguay, all countries in South America recorded growth in demand (roomnights sold), with Argentina and Brazil being the strongest performers.

Despite occupancy growth in Costa Rica, STR analysts note that ADR declined for all but three days in November. The country hosted the Sustainable Hotel & Tourism Investment Conference (13-14 November) in San Jose, which helped raise absolute occupancy above 80.0% during those days.

Brazil continued to show signs of recovery, with occupancy (+7.4% to 59.1%) reaching its highest level for any month since November 2015.

About STR

STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.

Alex Anstett
Media & Communications Coordinator - STR
STR

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