Americas RevPAR jumps 9% in May on rising occupancy, ADR

THE AMERICAS Hotels across the Americas recorded positive results on average in the three key performance metrics for May, according to STR and STR Global.

The Americas ended May with a 4.5% increase in occupancy to 61.6% and ADR 4.7% higher to US$104, driving RevPAR up 9.4% for the month to US$64.09.

Among the key markets in the region, Santiago achieved the largest monthly occupancy increase, rising 20.6% to 68.5%. Mexico City follows with a 13.2% increase to 66.5%. Three markets reported occupancy decreases in May: New York City (1.9% to 85.9%); Buenos Aires (1.8% to 60.5%); and San Juan, Puerto Rico (1.6% to 73.2%).

Four markets experienced ADR increases of more than 15%: São Paulo (35.3% to US$149.04), Vancouver (19% to US$165.61), San Francisco (16.5% to US$157.06) and Montréal (16% to US$145.94). None of the key markets in the Americas reported ADR decreases for the month.

São Paulo’s RevPAR jumped 38.8% to US$107.30, the largest increase in that metric, followed by Santiago (37% to US$104.13) and Vancouver (30.3% to US$129.66). San Juan ended the month virtually flat in RevPAR with a 0.3% decrease to US$113.52.