The Americas region recorded positive results in the three key performance metrics when reported in U.S. dollars during February 2014, according to data compiled by STR and STR Global.
Compared to February 2013, the Americas region reported a 3.2-percent increase in occupancy to 60.6 percent, a 3.1-percent increase in average daily rate to US$114.90 and a 6.5-percent increase in revenue per available room to US$69.58.
Among the key markets in the region, Sao Paulo, Brazil, rose 14.9 percent in occupancy to 64.1 percent, reporting the largest increase in that metric. Panama City, Panama, reported the only double-digit occupancy decrease, falling 10.7 percent to 57.6 percent.
San Francisco, California, achieved the only double-digit growth in both ADR (+14.2 percent to US$186.92) and RevPAR (+19.7 percent to US$149.30).
Rio de Janeiro, Brazil, experienced the largest decreases in both ADR (-25.9 percent to US$208.35) and RevPAR (-26.5 percent to US$158.15).
Performances of key countries in February 2014* (all monetary units in local currency):
*percentages are increases/decreases for February 2014 versus February 2013
About STR Global:
STR Global provides clients-including hotel operators, developers, financiers, analysts and suppliers to the hotel industry-access to hotel research with regular and custom reports covering Europe, Middle East, Africa, Asia/Pacific and South America. STR Global provides a single source of global hotel data covering daily and monthly performance data, segmentation data, forecasts, annual profitability, pipeline and census information. Hotel operators can join the surveys on a complimentary basis and benefit from free industry data. STR Global is part of the STR family of companies and is proudly associated with STR, RRC Associates, STR Analytics and HotelNewsNow.com. For more information, please visit www.strglobal.com.
Logos, product and company names mentioned are the property of their respective owners.