The Americas region recorded positive results in the three key performance metrics when reported in U.S. dollars during July 2013, according to data compiled by STR and STR Global.
Compared to July 2012, the Americas region reported a 1.7-percent monthly increase in occupancy to 71.0 percent, a 3.8-percent monthly increase in average daily rate to US$114.07 and a 5.5-percent monthly growth in revenue per available room to US$80.97.
Among the key markets in the region, Vancouver, Canada (+5.9 percent to 85.1 percent), and Buenos Aires, Argentina (+5.3 percent to 58.5 percent), reported the largest occupancy increases for the month. Rio de Janeiro, Brazil, posted the largest occupancy decrease, falling 8.5 percent to 70.0 percent. Panama City, Panama, followed with an 8.1-percent decrease to 50.0 percent.
San Francisco, California, achieved the largest ADR increase, rising 9.0 percent to US$192.13. Chicago, Illinois, followed with an 8.4-percent increase to US$131.16. Toronto, Canada, fell 6.4 percent in ADR to US$129.20, reporting the largest decrease in that metric.
San Francisco (+11.3 percent to US$171.75) and Chicago (+10.2 percent to US$102.17) also led with double-digit RevPAR growth. Panama City (-11.6 percent to US$54.34) and Sao Paulo, Brazil (-10.3 percent to US$83.17), posted the largest RevPAR decreases.
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