Americas RevPAR grows 9% in Q1

AMERICAS Hotels across the Americas recorded positive results in the three key performance metrics in the first quarter, according to STR Global data.

The region posted an 8.8% jump in RevPAR to US$56.74, boosted by a 5.5% increase in occupancy to 55.3% and a 3.1% rise in ADR to US$102.60.

Santiago experienced the largest occupancy increase during the quarter, rising 73.9% to 84.6%, followed by Mexico City, which was up 14% to 67%. São Paulo fell 7.5% in occupancy to 66.6%, reporting the largest decrease in that metric, followed by New York City, which dropped 4.1% to 78.2%.

Rio de Janeiro reported the largest ADR increase, rising 40.9% to US$251.53, followed by São Paulo with a 26.3% increase to US$141.16. Vancouver posted the only ADR decrease among major Americas markets, falling 1.8% percent to US$130.43.

Santiago (up 79.5% to US$143.61) and Rio de Janeiro (up 44.3% to US$197.37) achieved the largest RevPAR increases for the month. Vancouver fell 0.6% in RevPAR to US$79.81, reporting the only decrease among the region’s key markets.