Hotels in Central and South America reported occupancy fell 48.3% to 32.8% in November, ADR dropped 19.9% to $70.13 and RevPAR decreased 58.6% to $23.03.
LONDON—The Central/South America hotel industry reported its highest performance levels since the beginning of the pandemic, according to November 2020 data from STR.
US$ constant currency, November 2020 (percentage change from November 2019)
• Occupancy: 32.8% (-48.3%)
• Average daily rate (ADR): US$70.13 (-19.9%)
• Revenue per available room (RevPAR): US$23.03 (-58.6%)
Occupancy was the highest in the region since February, while ADR and RevPAR were the highest since March.
Local currency, November 2020 (percentage change from November 2019)
• Occupancy: 42.1% (-35.7%)
• ADR: PEN199.25 (-51.3%)
• RevPAR: PEN83.88 (-68.7%)
Each of the three key performance metrics were up from October levels.
• Occupancy: 35.7% (-44.2%)
• ADR: BRL288.68 (-10.8%)
• RevPAR: BRL103.00 (-50.2%)
The absolute occupancy and RevPAR levels were the highest in Brazil since February, while ADR was the highest since March.
Additional COVID-19 analysis
All of STR’s COVID-19 analysis, including press releases and webinar recordings, can be found here.
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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.
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. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.
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