HENDERSONVILLE, Tennessee – Mexico's hotel industry reported positive year-over-year results in the three key performance metrics during 2017, according to data from STR.

Compared with 2016:

  • Occupancy: +0.5% to 63.9%
  • Average daily rate (ADR): +6.0% to MXN2,323.31
  • Revenue per available room (RevPAR): +6.4% to MXN1,484.81

"The hotel industry closed 2017 with strong numbers once again despite safety and security warnings issued for several areas in Mexico and the September Earthquake in Mexico City," said Fatima Thompson, STR's associate director of business development, hotels. "Performance growth was definitely supported by healthier U.S. demand due to a weakened peso."

Among the country's key markets as defined by STR, Central Mexico posted the only double-digit jump in RevPAR (+10.5% to MXN911.84), due primarily to the largest increase in ADR (+8.8% to MXN1,516.59).

The Yucatan Peninsula experienced the largest occupancy increase (+2.1 % to 70.8%) for the year.

Three key markets saw negative occupancy performance: Mexico City (-2.8% to 67.6%),Northwest Mexico (-0.6% to 59.6%) and Northeast Mexico-Monterrey (-0.4% to 62.6%).

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 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.

Nick Minerd
Public Relations Coordinator
+1 (615) 824 8664 ext. 3305
STR