LONDON and HENDERSONVILLE, Tennessee—The Americas region recorded positive results in the three key performance metrics when reported in U.S. dollars during February 2013, according to data compiled by STR and STR Global.
In February, the Americas region reported a 1.9-percent increase in occupancy to 58.8 percent, a 3.9-percent gain in average daily rate to US$110.94 and a 5.8-percent jump in revenue per available room to US$65.28.
Among the key markets in the region, Boston, Massachusetts (+5.8 percent to 60.0 percent), and New York, New York (+5.8 percent to 76.3 percent), reported the largest occupancy increases for the month. Panama City, Panama, reported the only double-digit occupancy decrease, falling 16.3 percent to 54.7 percent.
Miami, Florida, rose 9.6 percent in ADR to US$220.95, achieving the largest increase in that metric. Santiago, Chile, followed with an 8.8-percent increase to US$168.95. Panama City posted the largest ADR decrease, falling 8.4 percent to US$119.62, followed by Buenos Aires, Argentina (-6.2 percent to US$142.89).
Two markets experienced double-digit RevPAR increases: Miami (+13.2 percent to US$190.66) and New York (+10.0 percent to US$149.43). Panama City (-23.3 percent to US$65.48) and Buenos Aires (-11.2 percent to US$84.26) reported the only double-digit RevPAR decreases for the month.
View the global hotel review for the month of February.
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