STR: Central/South America hotel data for October 2018
STR: Central/South America hotel data for October 2018
21 NOVEMBER 2018 8:29 AM

In October, hotels in Central and South America saw occupancy dip 1.6% to 59.2%, but a 13.1% ADR leap to $109.56 drove RevPAR up 11.3% to $64.91.

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

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

Central/South America

• Occupancy: -1.6% to 59.2%
• Average daily rate (ADR): +13.1% to US$109.56
• Revenue per available room (RevPAR): +11.3% to US$64.91

Local currency, October 2018 vs. October 2017

Bogotá, Colombia

• Occupancy: -7.8% to 61.0%
• ADR: +3.0% to COP272,088.72
• RevPAR: -5.0% to COP166,049.20

The decline in occupancy came as supply (+4.4%) outpaced demand (-3.7%) for the third consecutive month. STR analysts note that occupancy and ADR levels were higher than usual during the Latin American and Caribbean Agriculture congress (23-26 October).

São Paulo

• Occupancy: -5.2% to 64.2%
• ADR: +4.5% to BRL362.61
• RevPAR: -1.0% to BRL232.71

STR analysts attribute the mixed performance in São Paulo to corporate demand and group events being pushed to September to avoid the election period in October.

Download STR's October 2018 global hotel review.

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