Join Ezbuy
Exhibitor
Visitor
Join as Supplier
HPGLE.COM, the online B2B portal website of HOTEL&SHOP PLUS expo series, will meet the needs of different customer groups and diversified promotion events. We help suppliers shape their brand image more efficiently and capture business opportunities more accurately.

For more suppliers benefits, please contact us!

Ms Wu
Tel:+86 021 33392545
E-mail: Bella.Wu@informa.com

Hotel Industry in the Central/South America Region Reports 1.9 Percent RevPAR Increase for November

Category:Industry Key Words:Hotel Industry,average daily rate,revenue,RevPAR Time:2016-12-26 15:16

Hotels in the Central/South America region recorded mixed results in the three key performance metrics when reported in U.S. dollar constant currency, according to November 2016 data from STR.

Compared with November 2015, the Central/South America region reported a 3.8% decrease in occupancy to 60.3%. However, average daily rate (ADR) was up 6.0% to US$94.15, and revenue per available room (RevPAR) increased 1.9% to US$56.76.

Performance of featured countries for November 2016 (local currency, year-over-year comparisons):

Brazil continued to struggle with occupancy falling 7.8% to 55.5% and ADR down 8.9% to BRL275.11. As a result, RevPAR dropped 16.0% to BRL152.82. Performance was brought down significantly by a 40.9% drop in RevPAR in Rio de Janeiro, the country’s key hotel market. STR analysts note that Brazil’s performance declines may continue for some time, as there are 94 hotels In Construction in the country as well as another 131 pipeline projects in planning phases. Additional demand will be needed to offset such significant supply growth.

Costa Rica reported year-over-year growth across the three key metrics: occupancy (+2.0% to 69.5%), ADR (+2.4% to CRC65,673.61) and RevPAR (+4.5% to CRC45,657.63). November marked the eighth consecutive month that Costa Rica posted RevPAR growth. According to STR analysts, one factor that drove the country’s performance in November was group business (bookings of 10 or more rooms) in San José.

Panama recorded 3.8% growth in occupancy to 52.6%, while ADR dropped 4.4%% to PAB93.35. RevPAR subsequently fell 0.8% to PAB49.13. This marked Panama’s lowest absolute ADR level since August 2006. STR analysts note that the country’s performance has been heavily affected by supply increases over the last several years.

Performance of featured markets for November 2016 (local currency, year-over-year comparisons):

Bogotá, Colombia, recorded a 16.1% increase in occupancy to 69.6% and a 2.0% increase in ADR to COP289,328.18, resulting in an 18.5% increase in RevPAR to 201,410.83. November was a historical month for Colombia, as the government signed a revised peace deal with Farc (Revolutionary Armed Forces of Colombia).

Lima, Peru, posted a 0.5% decrease in occupancy to 75.1%, but a 40.7% spike in ADR to PEN702.57 boosted RevPAR 40.0% to PEN527.59. Lima hotels benefitted from hosting APEC Peru 2016 (Asia-Pacific Economic Cooperation), with ADR above PEN1,000.00 each day from 15-20 November.

Quito, Ecuador, reported a 13.7% decline in occupancy to 62.6% and a moderate 0.4% drop in ADR to USD105.26. As a result, RevPAR fell 14.0% to USD65.86. STR analysts point to strong supply growth (+7.5%) as a reason behind the performance.

Download the Global Performance Review

STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 10 countries around the world with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. For more information, please visit str.com.

Latest News

Booth Application Opens in HOTEL & SHOP PLUS Shanghai 2025!
A Wood-Lined Office That Used To Be A Parking Lot
A Brightly Coloured Shelving Unit Helps To Define Areas In This Renovated Apartment
A Waterfront A-frame House Renovated With Contemporary Finishes
This New Home Addition Opens To The Garden
The Black Exterior Of This Home Leads To A Pink Kitchen Inside
Weathered Steel Covers The Exterior Of This Modern Home In Texas
BST development and production of rotomolding products and rotomolding technology for more than 16 years
MORE THAN20 YEARSEXPERIENCE OFMANUFACTURE ANDDEVELOPMENT TSXY
In the world the Professional Cleaning Equipment Manufacturers Guangzhou PADOM

Recommended Products

M20 SPEED RUST REMOVER/M25 RUST REMOVER GEL
Inquiry FOSHAN ALAN HIGH-TECH STONE INDUSTRY CO.,LTD.
M20 SPEED RUST REMOVER/M25 RUST REMOVER GEL
Siwei Innovated A Reverse Hook Technique
Inquiry Shandong Siwei Textile Co., Ltd
Siwei Innovated A Reverse Hook Technique
HONGKONG &MACAO CENETER BUSINESS HOTEL
Inquiry Yangzhou Yong Chun Tourism Products Factory
HONGKONG &MACAO CENETER BUSINESS HOTEL
Stainless steel electric water pot
Inquiry Long Zhi Hu(Guangzhou)Hotel Supplies Co., Ltd.
Stainless steel electric water pot
[Intelligent Hotel Lock] YGS-9901B
Inquiry Zhongshan Yangge Lock Industry CO.,LTD
[Intelligent Hotel Lock] YGS-9901B
hotel telephone 008
Inquiry Zhuhai, Huawang Communication Technology Co., Ltd.
hotel telephone 008
hotel telephone 007
Inquiry Zhuhai, Huawang Communication Technology Co., Ltd.
hotel telephone  007
hotel telephone 006
Inquiry Zhuhai, Huawang Communication Technology Co., Ltd.
hotel telephone 006

Interested Articles

Success!
OK

Sinoexpo Digital Platform

Copyright 2006-2024 Shanghai Sinoexpo Informa Markets International Exhibition Co., Ltd. All rights reserved     沪ICP备05034851号-77     沪公网安备 31010402000543号