Hotels in Central and South America fell 66.4% to 20.2% in August as ADR declined 34.7% to $53.66 and RevPAR dropped 78.1% to $10.82.
LONDON—The Central/South America hotel industry reported slight improvement over the previous month, but low overall performance, according to August 2020 data from STR.
U.S. dollar constant currency, August 2020 vs. August 2019
• Occupancy: -66.4% to 20.2%
• Average daily rate (ADR): -34.7% to US$53.66
• Revenue per available room (RevPAR): -78.1% to US$10.82
The absolute occupancy and RevPAR levels were the highest in the region since March but still the lowest for any August in STR’s Central/South America database. ADR also came in lower than any other August on record in the CSA region.
Local currency, August 2020 vs. August 2019
• Occupancy: -32.6% to 45.1%
• ADR: -55.6% to PEN187.35
• RevPAR: -70.1% to PEN84.44
Each of the three key performance metrics were the lowest for any August in STR’s Peru database. The occupancy and RevPAR levels were slightly lower than July.
• Occupancy: -86.0% to 8.8%
• ADR: -30.2% to COP187,717.22
• RevPAR: -90.2% to COP16,531.91
The country’s occupancy and RevPAR were down from the previous month, while ADR was up slightly.
Additional COVID-19 analysis
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