Mexican hotel occupancy decreased 3% to 60.3% in the third quarter, and a 3.4% ADR decrease to 1,928.43 Mexican pesos ($100.97) drove RevPAR down 6.3% to 1,162.06 pesos ($60.85).
HENDERSONVILLE, Tennessee—Mexico’s hotel industry reported negative performance results during Q3 2019, according to data from STR.
Compared with Q3 2018:
• Occupancy: -3.0% to 60.3%
• Average daily rate (ADR): -3.4% to MXN1,928.43
• Revenue per available room (RevPAR): -6.3% to MXN1,162.06
The absolute occupancy level was the lowest for any Q3 in the country since 2013 due to an influx of new supply and lack of demand (-0.1%) growth.
Among STR’s defined markets for the country, Mexico Central South experienced the only rise in occupancy (+3.5% to 54.4%) and the second-largest jump in RevPAR (+4.5% to MXN607.95).
Mexico Northwest posted the largest lift in ADR (+5.0% to MXN2,262.61), which resulted in the highest increase in RevPAR (+4.7% to MXN1,262.11).
The Yucatan Peninsula registered the only double-digit declines in ADR (-12.2% to MXN2,703.18) and RevPAR (-15.4% to MXN1,770.03).
Mexico Central North saw the largest drop in occupancy (-5.8% to 57.8%).
A note to editors: All references to STR data and analysis should cite “STR” as the source. Please refrain from citing “STR, Inc.” “Smith Travel Research” or “STR Global” in sourcing.
Additional Performance Data
Are you a member of the media looking for performance data for a hotel market not included in this release? STR’s sample comprises more than 65,000 hotels and 8.8 million hotel rooms around the globe. Please refer to the contacts listed below for additional data requests.
STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. For more information, please visit str.com.
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