STR: Central/South America hotel data for November 2018
STR: Central/South America hotel data for November 2018
21 DECEMBER 2018 8:36 AM

The Central/South America region reported hotel occupancy rose 1.9% to 64.2% in November, while ADR increased 17.5% to $115.66 and RevPAR jumped 19.8% to $74.26.

LONDON—Hotels in the Central/South America region reported positive performance results during November 2018, according to data from STR.

U.S. dollar constant currency, November 2018 vs. November 2017

Central/South America

• Occupancy: +1.9% to 64.2%
• Average daily rate (ADR): +17.5% to US$115.66
• Revenue per available room (RevPAR): +19.8% to US$74.26

Local currency, November 2018 vs. November 2017

Bogotá, Colombia

• Occupancy: +3.1% to 69.6%
• ADR: +2.5% to COP270,787.81
• RevPAR: +5.7% to COP188,469.30

After three consecutive months of occupancy declines, Bogotá hotels experienced an increase in occupancy that was driven by a 7.6% jump in demand (room nights sold).

São Paulo

• Occupancy: +2.5% to 71.3%
• ADR: +10.0% to BRL385.77
• RevPAR: +12.8% to BRL274.89

São Paulo hotels have now posted 16 consecutive months of ADR growth. The absolute value in the metric was also the highest for any November in STR’s São Paulo database. STR analysts partially attribute the jump in rates to the depreciation of the Brazilian Real against the U.S. dollar.

Download STR's November 2018 global hotel review.

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