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Americas Hotels Enjoying Strong Growth

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Americas Hotels Enjoying Strong Growth

By - Wednesday 06 March 2013

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):

Hotel Performance

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