STR: Chile Hotel Occupancy Drops Amid Protests
Ongoing protests in Chile led to significant declines in the country's hotel occupancy during the final two weeks of October, according to an analysis by STR.
Markets & Performance
STR: Mexico Q3 2019 hotel performance
Mexico's hotel industry reported negative performance results during Q3 2019, according to data from STR. Compared with Q3 2018:
Regulation Catches up with Innovation – The Case of Short-Term Rentals
The World Tourism Organization (UNWTO) has published the first systematic overview of how both national governments and local authorities are addressing and managing new business models in the accommodation industry. The so-called "sharing economy" has experienced significant growth over recent years and is poised to outpace the growth of traditional accommodation. Drawing on case studies from around the world, "New Business Models in the Accommodation Industry" analyses existing rules and regulations for the sector.
STR: Mexico Q2 2019 hotel performance
Mexico's hotel industry reported negative performance results during Q2 2019, according to data from STR.
The Future of Hospitality Industry in Colombia
On November 24, 2016, the signing of the Final Agreement for the Termination of the Conflict between the Colombian State and the Revolutionary Army Forces of Colombia (FARC) put (at least formally) an end to the oldest and largest civil war in the Americas. Already the expectations or even the hope for the signature was a turning point for Colombia and its hospitality industry, which accounts for 2% of the Colombia's GDP and provides 1.357.103 jobs, according to DANE (Departamento Nacional de Estadistica), 2018.
STR: Mexico Q1 2019 Hotel Performance
Mexico's hotel industry reported negative performance results during Q1 2019, according to data from STR.
KIDZ BOP And AIC Hotel Group Expand Partnership To Mexico
AIC Hotel Group, the experiential brand offering unmatched vacation experiences, and KIDZ BOP, the No. 1 music brand for kids, announced today the expansion of their partnership, debuting the KIDZ BOP Experience at Hard Rock Hotel Riviera Maya in Mexico in summer 2019. Following the successful launch at Hard Rock Hotel & Casino Punta Cana, the new KIDZ BOP Experience at Riviera Maya will allow kids 6-12 years old the chance to live out their pop star dreams with KIDZ BOP themed activities.
STR: Mexico 2018 hotel performance
Mexico's hotel industry reported mixed performance results during 2018, according to data from STR. Compared with 2017:
Hotels expect Christmas holiday season will be the best in 10 years
The hotel sector is expecting average occupancy of 70% during the Christmas vacation season, which would be the highest level in the past decade.
STR: Mexico Hotel Performance For Q3 2018
Mexico's hotel industry reported mixed performance results during Q3 2018, according to data from STR.
STR: Mexico hotel occupancy falls during Q2 2018
Mexico's hotel industry reported lower occupancy levels but growth in room rates during Q2 2018, according to data from STR. Compared with Q2 2017:
STR: Mexico hotel performance for Q1 2018
Mexico's hotel industry reported mixed year-over-year results in the three key performance metrics during the first quarter of 2018, according to data from STR. Compared with Q1 2017:
STR: South America demand outpacing supply for first time since 2011
South America hotel demand is growing at a quicker pace than supply for the first time since 2011, according to data and analysis from Boo covered the region's supply/demand dynamic and hotel performance during her presentation earlier today ahead of the World Travel and Tourism Council Global Summit. The media contacts listed below can provide Boo's full presentation slide deck and arrange interviews for further comment. For total-year 2017, South America's occupancy increased 2.2% to 55.9%, and average daily rate (ADR) was up 0.5% to US$104.07. As a result, revenue per available room (RevPAR) grew 2.7% US$58.20.At the market-level, Buenos Aires posted one of the top RevPAR growth rates at +29.1%. That came as a result of 11.3% growth in occupancy to 68.7% and a 16.1% spike in ADR to ARS2,147.01. "Buenos Aires showed strong performance across each day of the week with little fluctuation. We see that pattern as an indicator of strong business and leisure performance," Boo said. "The market is a top destination for MICE (Meetings, incentives, conferences and exhibitions) business, and with a boost from events like the WTTC, Youth Olympic Games and G20 summit, we forecast occupancy to surpass 70% in 2018 with ADR growth being the primary driver of RevPAR growth."
Mexico Hotel Destinations - 2018
Following the 2016 U.S. election, there was a growing concern over Mexico's ability to achieve meaningful economic growth given President Trump's protectionist rhetoric with regard to U.S.-Mexico trade policy. Nonetheless, in 2017, rhetoric proved less impactful than reality, as Mexico's economy fared better than expected and real GDP grew 2.3% year-over-year. The travel and tourism industry continues to play a vital role in Mexico's overall economy and international visitation into the country's capital reached a new record, growing 12.2% over 2016 levels. The 2018 outlook remains promising, in spite of uncertainty around NAFTA negotiations and upcoming presidential elections.
STR: Brazil hotel performance rebounds
A double-digit increase in occupancy during January 2018 was further evidence of hotel performance recovery in Brazil, according to an analysis from In the 12 months ending with January 2018, Brazil showed occupancy growth of 2.3% (to 53.4%) but an ADR decrease of 11.2% (to BRL278.93). Six of the country's key markets and cities registered year-over-year occupancy growth near, at or above 10% for those 12 months: Belo Horizonte (+10.7% to 53.3%), Brasilia (+10.2% to 48.5%), Manaus(+10.0% to 48.6%), Fortaleza (+9.8% to 59.3%), Salvador (+9.0% to 54.0%) and theRecife Area (+8.3% to 56.6%). While most of the key markets and cities showed negative ADR comparisons during this 12-month time period, Porto Alegre was an outlier with 7.1% growth in ADR to BRL241.40. Rio de Janeiro's 6.8% decrease in occupancy and 34.3% drop in ADR heavily influenced the country's overall performance for the 12-month time period. However, in January 2018 specifically, the market reported a 20.7% jump in occupancy with a less dramatic decline in ADR (-6.2%). Overall, eight of the 10 markets and cities included in STR's analysis showed a rise in occupancy for January. Seven of those markets and cities posted ADR growth, led once again by Porto Alegre (+11.7% to BRL233.47). "Because of the mega events of the last several years, we've seen a massive supply increase in Brazil's key cities," Boo said. "However, with new investors, we've seen a shift in development to secondary and tertiary cities. That has meant that hotel performance fluctuations have been seen just about everywhere." While included in the list of markets that have seen performance fluctuations in Brazil, Boo noted the strength and stability of São Paulo specifically when looking further down the road at the country's recovery. STR's latest forecast for São Paulo projects growth across the three key performance metrics in 2018 and 2019. "As the financial hub of Brazil, São Paulo tends to react much quicker to economic factors affecting hotel performance," Boo said. "The performance improvements we have seen since the later months of 2017 should continue for the market."
Hotel in Panama fights to shed Trump name citing name's stigma - msnbc.com
David Fahrenthold, reporter for The Washington Post, talks with Rachel Maddow about the Trump hotel in Panama fighting to remove Donald Trump's name, and the potential political implications if Trump tries tries to insert himself.
Brazil’s Hospitality Market is Poised for a Big Year in 2018 [INFOGRAPHIC]
Brazil has been on the world-stage as of late, largely due to hosting the World Cup in 2014 and the Summer Olympics in 2016.
STR's Caribbean/Mexico hotel supply development update
The Caribbean/Mexico room construction total represented a 67.8% increase compared with January 2017.
STR: Mexico 2017 hotel performance
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:
STR: Central/South America 2017 hotel performance
LONDON -- Hotels in the Central/South America region reported positive year-over-year results in the three key performance metrics during 2017, according to data from STR.U.S. dollar constant currency, 2017 vs. 2016Central/South America