Hotel occupancy in Central and South America decreased 68.6% to 19% in July. ADR fell 33.8% to $53.40 and RevPAR declined 79.2% to $10.13.
LONDON—The Central/South America hotel industry reported slight improvement month over month, but low overall performance, according to July 2020 data from STR.
U.S. dollar constant currency, July 2020 vs. July 2019
• Occupancy: -68.6% to 19.0%
• Average daily rate (ADR): -33.8% to US$53.40
• Revenue per available room (RevPAR): -79.2% to US$10.13
The absolute occupancy and RevPAR levels were the lowest for any July in STR’s Central/South America database.
Local currency, July 2020 vs. July 2019
• Occupancy: -24.7% to 47.5%
• ADR: -54.8% to PEN185.00
• RevPAR: -65.9% to PEN87.90
Although occupancy was slightly lower than June, Peru continues to post the highest occupancy level in the region due to government initiatives. The ADR and RevPAR levels were the lowest for any month on record in STR’s Peru database.
• Occupancy: -71.7% to 17.0%
• ADR: -28.1% to BRL208.61
• RevPAR: -79.6% to BRL35.47
The country’s metrics were up from the prior month, but absolute occupancy and RevPAR levels were the lowest for any July in STR’s Brazil database.
All of STR’s COVID-19 analysis, including press releases and webinar recordings, can be found here.
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