RevPAR, ADR, occupancy each grow in Americas in July

AMERICAS The Americas region has recorded positive results in the three key performance metrics for July when reported in U.S. dollars.

Occupancy in the Americas rose 6.9% to 67.9%, while ADR went up 1.7% to US$100.93 and RevPAR increased 8.8% to US$68.53, according to data compiled by STR and STR Global.

In the United States, occupancy was up 7% to 67.9% on ADR of US$99.14, a 1.3% gain. RevPAR in the country hit US$67.35, a jump of 8.5%.

Among key markets in the region, Buenos Aries, reported the largest occupancy increase, jumping 87.3% to 62.5%, followed by Santiago, with a 28.5% increase to 65.6%. Manitoba and Saskatchewan posted the region’s only market decrease, a 0.2% slip to 71.2%.

Three markets experienced ADR increases of more than 15%: Rio de Janeiro (up 20% to US$155.18); Sao Paulo (up 17.6% to US$104.74); and Buenos Aires (up 15.8% to US$134.48). San Juan, Puerto Rico, posted the only ADR decrease, falling 3.7% to US$144.00.

Buenos Aires led the RevPAR increases, rising an astonishing 116.9% to US$83.99, followed by Santiago (up 38.3% to US$86.37) and Toronto (up 28.2% to US$89.53). San Juan fell 1.5% in RevPAR to US$113.65, reporting the only decrease in that metric.