LONDON—The Central/South America hotel industry reported slight improvement month over month, but low overall performance, according to July 2020 data from STR.
U.S. dollar constant currency, July 2020 vs. July 2019
- Occupancy: -68.6% to 19.0%
- Average daily rate (ADR): -33.8% to US$53.40
- Revenue per available room (RevPAR): -79.2% to US$10.13
The absolute occupancy and RevPAR levels were the lowest for any July in STR’s Central/South America database.
Local currency, July 2020 vs. July 2019
- Occupancy: -24.7% to 47.5%
- ADR: -54.8% to PEN185.00
- RevPAR: -65.9% to PEN87.90
Although occupancy was slightly lower than June, Peru continues to post the highest occupancy level in the region due to government initiatives. The ADR and RevPAR levels were the lowest for any month on record in STR’s Peru database.
- Occupancy: -71.7% to 17.0%
- ADR: -28.1% to BRL208.61
- RevPAR: -79.6% to BRL35.47
The country’s metrics were up from the prior month, but the absolute occupancy and RevPAR levels were the lowest for any July in STR’s Brazil database.
Additional COVID-19 analysis
All of STR’s COVID-19 analysis can be found here.
STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.