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.