Hotels in the Central/South America region reported mostly positive performance results during February 2020, according to data from STR.
U.S. dollar constant currency, February 2020 vs. February 2019
• Occupancy: -2.1% to 58.8%
• Average daily rate (ADR): +9.7% to US$93.60
• Revenue per available room (RevPAR): +7.4% to US$55.04
February data had not yet shown the COVID-19 impact on hotels across the region. STR continues to monitor the situation and will host a webinar specific to LATAM performance, alternating between Spanish and Portuguese, every Tuesday, starting 24 March at 8:30 a.m. CST (13:30 GMT). More information and COVID-19 analysis, including recent webinars, can be found here.
STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com.
Logos, product and company names mentioned are the property of their respective owners.