Hotel Industry Performance Americas

Hotel Occupancy in the Americas Region Up 3.0% to 65.4% for April 2014

Compared to April 2013, the Americas region reported a 3.0-percent increase in occupancy to 65.4 percent, a 3.6-percent increase in average daily rate to US$116.68 and a 6.6-percent increase in revenue per available room to US$76.34.

STR Global

The Americas region recorded positive results in the three key performance metrics when reported in U.S. dollars during April 2014, according to data compiled by STR and STR Global.

Compared to April 2013, the Americas region reported a 3.0-percent increase in occupancy to 65.4 percent, a 3.6-percent increase in average daily rate to US$116.68 and a 6.6-percent increase in revenue per available room to US$76.34.

Among the key markets in the region, Vancouver, Canada (+8.4 percent to 69.0 percent), and Boston, Massachusetts (+8.0 percent to 80.6 percent), reported the largest occupancy increases. Rio de Janeiro, Brazil, fell 11.3 percent in occupancy to 67.0 percent, posting the largest decrease in that metric. Santiago, Chile, followed with a 10.2-percent decrease to 67.7 percent. 

Miami, Florida (+13.6 percent to US$206.83), and San Juan, Puerto Rico (+13.0 percent to US$211.39), experienced the largest ADR increases. Rio de Janeiro fell 10.1 percent in ADR to US$208.22, reporting the largest decrease in that metric. 

Two markets reported double-digit RevPAR increases: Boston (+17.4 percent to US$149.68) and Miami (+15.8 percent to US$168.07). Rio de Janeiro reported the largest RevPAR decrease, falling 20.3 percent to US$139.42.

Performances of key countries in April 2014* (all monetary units in local currency):

 

Occupancy

% change

ADR

% change

RevPAR

% change

Brazil

62.9%

-4.4%

BRL282.06

+0.3%

BRL177.36

-4.1%

Canada

61.5%

+2.5%

CAD128.51

+1.6%

CAD78.97

+4.1%

Mexico

63.7%

+5.4%

MXN1,738.33

+10.1%

MXN1,107.47

+16.0%

United States

65.7%

+3.2%

USD114.67

+4.0%

USD75.30

+7.4%

*percentages are increases/decreases for April 2014 versus April 2013

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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.



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