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
• 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
• 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).
• 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.
The above is a news release written by a third party. While HNN’s editorial mission is to produce unique content, it occasionally publishes timely, newsworthy news releases to complement in-house reporting efforts. All news releases are clearly marked as such. For questions and clarification, please contact Editor-in-Chief Stephanie Ricca at firstname.lastname@example.org.