Hotels in U.S., Brazil, Mexico and Canada Post Gains
Hotel operators in the Americas posted strong gains in January, reporting a 3.3 percent increase in occupancy to 51.3 percent, STR Global Reports.
The region--including United States, Brazil, Mexico, Panama and Canada--also showed gains in other key metrics, including a 4.8 percent gain in average daily rate and an 8.3 percent uptick in revenue per available room.
New York reported the largest occupancy gains, rising 11.4 percent to 73.8 percent, the research firm said. Buenos Aires, Argentina, which fell 12.2 percent, and Panama City, Panama, which also fell 12.2 percent, posted the largest occupancy decreases for the month, STR said.
The biggest markets for average daily rate increases were: Washington, D.C. (+17.0 percent); Miami, Florida (+12.2 percent); and San Juan, Puerto Rico (+11.2 percent).
Four markets achieved increases of revenue per available room increases of more than 15 percent: Washington, D.C. (+25.8 percent); San Juan (+18.4 percent); Miami (+17.5 percent); and New York (+16.3 percent).
Panama City reported the largest ADR (-9.4 percent) and RevPAR (-20.5 percent to US$57.27) decreases for the month.Performances of key countries in January 2013 (all monetary units in local currency):