São Paulo hotel performance surges, leads strong Americas results

AMERICAS Hotels in the Americas region recorded positive results in the three key performance metrics in February, with São Paulo leading the way in all three statistics, according to STR Global.

The Americas region ended February with a 5.1% increase in occupancy to 56.2%, while ADR was up 1.9% to US$102.19 and RevPAR rose 7.1% for the month to US$57.48.

São Paulo occupancy jumped 20.5% to 68.6%. Its ADR surged 30.4% to US$133.99, and its RevPAR soared by 57.1% to US$91.95.

Montréal posted a strong occupancy increase of 13.6% to 57.1%. Two other Canada markets had rougher Februarys in terms of occupancy—Vancouver dropped 33.5% to 56.8%, while Manitoba/Saskatchewan slipped 4.5% to 61.2%, marking the largest decreases in that metric.

Vancouver, which hosted the Winter Olympics last year and is thus comparing to an inflated baseline, also saw its ADR plummet 43% to US$130.32. Its RevPAR dropped even more dramatically in February, down 62.1% to US74.06.

San Francisco saw its ADR improve 15.3% to US$144.88—the biggest increase behind São Paulo—followed by Los Angeles, up 14.4% to US$128.51.

The big RevPAR gainers for February were Los Angeles (up 26.1% to US$91.18, San Francisco (up 25.2% to US$102.53), Montréal (up 24.5% to US$72.84) and Ottawa (up 20.3% to US$104.53).