Article Summary: In Central and South America, hotel occupancy declined 73% to 15.3% in May. ADR dropped 34.3% to $54.17 and RevPAR fell 82.2% to $8.31.
In Central and South America, hotel occupancy declined 73% to 15.3% in May. ADR dropped 34.3% to $54.17 and RevPAR fell 82.2% to $8.31.
Primary Category: Monthly Data
LONDON—Reflecting the impact of the COVID-19 pandemic, the Central/South America hotel industry reported historic performance lows during May 2020, according to data from STR.
U.S. dollar constant currency, May 2020 vs. May 2019
• Occupancy: -73.0% to 15.3%
• Average daily rate (ADR): -34.3% to US$54.17
• Revenue per available room (RevPAR): -82.2% to US$8.31
The absolute occupancy, ADR and RevPAR levels were the lowest for any May in STR’s Central/South America database.
Local currency, May 2020 vs. May 2019
• Occupancy: -88.4% to 6.7%
• ADR: -30.8% to COP183,331.93
• RevPAR: -92.0% to COP12,253.20
Occupancy was virtually flat in comparison with April. Both the occupancy and RevPAR levels were the lowest for any May in STR’s Colombia database.
• Occupancy: -38.9% to 39.9%
• ADR: -48.6% to PEN214.74
• RevPAR: -68.6% to PEN85.66
The absolute levels in the three key performance metrics were the lowest for any May in STR’s Peru database. Occupancy was slightly higher than April, while ADR was marginally lower.
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Additional COVID-19 analysis
All of STR’s COVID-19 analysis can be found here.
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Headline: STR: Central/South America hotel data for May 2020
Article Date: 6/24/2020
Article Time: 8:49:00 AM