THE AMERICAS The Americas recorded positive results in the three key performance metrics in August, according to data compiled by STR Global.
The region’s occupancy rose 6.3% to 64.2%, while ADR went up 1.7% to US$100.45 and RevPAR increased 8.1% to US$64.48.
Among the key markets in the region, Buenos Aires experienced the largest occupancy increase, rising 45% to 61.3%, followed by Santiago, with a 38% increase to 71.6%. Four markets reported occupancy decreases, including three Canada destinations: Manitoba and Saskatchewan were jointly down 3.9% to 69.4%, while Alberta dropped 2.1% to 65.8% and Vancouver was down 0.1% to 81.6%. The fourth occupancy loser in August was San Juan, Puerto Rico, down 5.7% to 72.8%.
Rio de Janeiro and São Paulo achieved the largest ADR increases in August, each growing rate by 20.8%, to US$162.01 and US$113.80, respectively. San Juan reported the only ADR decrease in the Americas, falling 2.7% to US$137.07.
Santiago experienced the region’s largest RevPAR increase for the month, rising 51.3% to US$100.07. Four other markets posted RevPAR increases of more than 25%: Buenos Aires (up 47.6% to US$75.27); São Paulo (up 33.1% to US$79.26); Rio de Janeiro (up 31.9% to US$113.15); and Mexico City (up 29.4% to US$67.17).