Industry Update
Press Release23 November 2020

STR: Central/South America hotel performance for October 2020

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The Central/South America hotel industry reported its highest performance levels since the beginning of the pandemic, according to October 2020 data from STR.

US$ constant currency, October 2020 (percentage change from October 2019)

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  • Occupancy: 29.0% (-52.7%)
  • Average daily rate (ADR): US$66.68 (-21.4%)
  • Revenue per available room (RevPAR): US$19.36 (-62.8%)

Each of the three key performance metrics were the highest for any month in STR's Central/South America database since March.

Local currency, October 2020 (percentage change from October 2019)

Peru

  • Occupancy: 40.9% (-36.7%)
  • ADR: PEN189.68 (-52.3%)
  • RevPAR: PEN77.61 (-69.8%)

The absolute occupancy level was the lowest for any month in Peru since May, while the RevPAR level was the lowest for any month since April. ADR, however, was the highest for any month since June.

Colombia

  • Occupancy: 22.2% (-64.0%)
  • ADR: COP225,976.65 (-14.7%)
  • RevPAR: COP50,167.45 (-69.3%)

Each of the three key performance metrics were the highest for any month in Colombia since March 2020. On Tuesday, 1 December at 9:00 a.m. (Bogota time), STR will provide the latest insights on how the pandemic has impacted hotel performance in key markets in Latin America. Register here.

Additional COVID-19 analysis
All of STR's COVID-19 analysis, including press releases and webinar recordings, can be found here.

About STR

STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. 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.

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