The Americas Hotel Sector Reports Occupancy, Rate Increases in January

The Americas Hotel Sector Reports Occupancy, Rate Increases in January

Vacation News » Latin America Vacation News Edition | By Michael Gerrity | February 24, 2012 10:12 AM ET

Based on data compiled by STR and STR Global, the Americas region recorded positive results in the three key performance metrics when reported in U.S. dollars for January 2012.

In January 2012, the Americas region reported a 3.9-percent increase in occupancy to 49.8 percent, a 3.7-percent gain in average daily rate to US$103.98 and a 7.7-percent jump in revenue per available room to US$51.81.

Among the region's key markets, Chicago, Illinois, reported the largest occupancy increase, rising 15.4 percent to 47.4 percent, followed by Rio de Janeiro, Brazil, with an 8.4-percent increase to 82.4 percent.

Panama City, Panama, experienced the largest decreases in all three key performance metrics. Its occupancy fell 15.0 percent to 55.4 percent, its ADR was down 9.0 percent to US$121.60 and its RevPAR fell 22.7 percent to US$67.32.

Sao Paulo, Brazil, achieved the largest ADR increase, rising 15.5 percent to US$144.40, followed by Rio de Janeiro (+13.7 percent to US$218.13) and San Francisco, California (+10.4 percent to US$157.48).

Three markets reported RevPAR increases of more than 15 percent: Chicago (+24.3 percent to US$46.39); Rio de Janeiro (+23.2 percent to US$179.71); and Miami, Florida (+15.8 percent to US$148.71).

Performances of key countries in January 2012 (all monetary units in local currency):

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