Hotels in Mexico reported occupancy rose 0.5% to 63.9% in 2017, while ADR increased 6% to 2,323.31 Mexican pesos ($124.77) and RevPAR jumped 6.4% to 1,484.81 Mexican pesos ($79.74).
HENDERSONVILLE, Tennessee—Mexico’s hotel industry reported positive year-over-year results in the three key performance metrics during 2017, according to data from STR.
Compared with 2016:
- Occupancy: +0.5% to 63.9%
- Average daily rate (ADR): +6.0% to MXN2,323.31
- Revenue per available room (RevPAR): +6.4% to MXN1,484.81
“The hotel industry closed 2017 with strong numbers once again despite safety and security warnings issued for several areas in Mexico and the September Earthquake in Mexico City,” said Fatima Thompson, STR’s associate director of business development, hotels. “Performance growth was definitely supported by healthier U.S. demand due to a weakened peso.”
Among the country’s key markets as defined by STR, Central Mexico posted the only double-digit jump in RevPAR (+10.5% to MXN911.84), due primarily to the largest increase in ADR (+8.8% to MXN1,516.59)
The Yucatan Peninsula experienced the largest occupancy increase (+2.1 % to 70.8%) for the year.
Three key markets saw negative occupancy performance: Mexico City (-2.8% to 67.6%), Northwest Mexico (-0.6% to 59.6%) and Northeast Mexico-Monterrey (-0.4% to 62.6%).
North America Media Contacts:
Public Relations Manager
+1 (615) 824-8664 ext. 3305
+1 (615) 824-8664 ext. 3500
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 email@example.com.