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Hotel Performance Figures
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 Americas region, which includes the US, Mexico, Panama, Brazil and Canada, also showed gains in other key metrics, including a 4.8 percent gain in average daily rate (ADR) and an 8.3 percent uptick in revenue per available room (RevPAR). Occupancy also took a jump, if a more sporadic one. The biggest growth was in New York with a jump of 11.4 percent to 73.8 percent, the research firm said. Occupancy fell most in Panama City and Beunos Aires, with both experiencing the same 12.2% drop 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):
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*This page is provided for information purposes only and should not be construed as offering advice. IPIN is not licensed to give financial advice and all information provided by IPIN regarding real estate should never be treated as specific advice or regulations. This is standard practice with property investment companies as the purchase of property as an investment is not regulated by the UK or other Financial Services Authorities.