Hotel Industry Performance Americas

The Hotel Industry in the Central/South America Region Reported Occupancy Growth and Nearly Flat Room Rates During Q2 2017

Hotels in Central and South America reported occupancy rose 1% to 54.2% year over year in the second quarter of 2017. ADR was mostly flat (-0.3% to $97.39), but RevPAR increased 0.7% to $52.75.

The hotel industry in the Central/South America region reported occupancy growth and nearly flat room rates during Q2 2017, according to data from STR.

U.S. dollar constant currency, Q2 2017 vs. Q2 2016

Central/South America 

  • Occupancy: +1.0% to 54.2%
  • Average daily rate (ADR): -0.3% to US$97.39 
  • Revenue per available room (RevPAR): +0.7% to US$52.75

Local currency, Q2 2017 vs. Q2 2016


  • Occupancy: -1.3% to 50.4%
  • ADR: -8.1% to BRL260.74
  • RevPAR: -9.3% to BRL131.52

Performance declines were anticipated for Brazil due to the current political and economic environment. Significant supply growth (+4.2% year over year) and a comparison with higher rate months prior to the 2016 Rio Olympics also played a role. That trend was most visible in Rio de Janeiro, where occupancy was down 12.5% and ADR dropped 18.0% in year-over-year comparisons. 

Costa Rica

  • Occupancy: +6.8% to 68.2%
  • ADR: +12.8% to CRC76,300.47
  • RevPAR: +20.4% to CRC52,067.53

The absolute occupancy level was the highest for a Q2 in Costa Rica since 2008. In addition to strong demand growth, continued flat supply helped occupancy and ADR levels for the fifth consecutive quarter. The double-digit ADR growth is in line with inflation levels in the country. At the market level, San Jose recorded strong RevPAR growth of 14.6%. 


  • Occupancy: +0.3% to 50.0%
  • ADR: -7.0% to PAB92.85
  • RevPAR: -6.7% to PAB46.40

The absolute occupancy level was the highest for a Q2 in Panama since 2013, but the ADR level was the lowest since 2006. ADR has decreased year over year for 12 straight months. 

Download the Global Performance Review

STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 10 countries around the world with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. For more information, please visit

Logos, product and company names mentioned are the property of their respective owners.