Hotel Industry Performance Americas

Hotel Occupancy in the Americas Region Up 4.9% to 66.9% for May 2014

Compared to May 2013, the Americas region reported a 4.9-percent increase in occupancy to 66.9 percent, a 4.5-percent increase in average daily rate to US$116.90 and a 9.6-percent increase in revenue per available room to US$78.18.

STR Global

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

Compared to May 2013, the Americas region reported a 4.9-percent increase in occupancy to 66.9 percent, a 4.5-percent increase in average daily rate to US$116.90 and a 9.6-percent increase in revenue per available room to US$78.18. 

Among the key markets in the region, Montreal, Canada (+9.5 percent to 78.4 percent), and Sao Paulo, Brazil (+9.2 percent to 74.3 percent), reported the largest occupancy increases for the month. 

San Francisco, California, achieved the only double-digit ADR increase, up 13.4 percent to US$203.18.

Boston, Massachusetts, experienced the largest RevPAR increase in May (+15.0 percent to US$154.92), followed by Miami, Florida (+14.3 percent to US$134.99), and San Francisco (+14.3 percent to US$173.88).

Panama City, Panama, reported the largest decrease in all three performance metrics. The market’s occupancy fell 10.4 percent to 46.4 percent; its ADR decreased 7.2 percent to US$102.80; and RevPAR fell 16.8 percent to US$47.65. 

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

 

Occupancy

% change

ADR

% change

RevPAR

% change

Brazil

66.9%

+6.2%

BRL282.57

+4.1%

BRL189.00

+10.5%

Canada

68.1%

+4.9%

CAD136.84

+2.8%

CAD93.18

+7.9%

Mexico

62.9%

+9.4%

MXN1,507.38

+5.3%

MXN947.67

+15.2%

United States

67.0%

+4.9%

USD115.35

+4.8%

USD77.27

+10.0%

*percentages are increases/decreases for May 2014 versus May 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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