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According to data compiled by STR, occupancy
rates in the Americas in May 2009 dropped 12.2% (in year-on-year
comparison) to 55.7%. The average daily rate dropped 10.3% to
US$98.47 and revenue per available room dropped 21.2% to US$54.83.
Among the key markets in the region, Rio de Janeiro, Brazil, was the only
market to report an occupancy increase, rising 1.2% to 59.4%.
Not surprisingly,
Mexico city reported the largest decrease in occupancy as
it fell 60.2% to 23.8%, followed by Buenos Aires, Argentina
(-28.4% to 50.4%) and Santiago, Chile (-21.2% to 54.7%).
Santiago reported the smallest ADR decrease, down 4.6% to
US$130.82, followed by Manitoba / Saskatchewan, Canada (-4.8% to
US$102.79) and Nassau, Bahamas (-4.8% to US$268.72).
Four markets
reported ADR decreases of more than 20%: New York
(-29.4% to US$201.13); Mexico city (-25.2% to US$96.52); Toronto,
Canada (-24.9% to US$118.68); and Buenos Aires (-24.2% to
US$133.55).
Rio de Janeiro reported the only single-digit
RevPAR decrease, falling 6.4% to US$91.47.
Four markets reported RevPAR decreases of more than 30%: Mexico
city (-70.2% to
US$22.95); Buenos Aires (-45.7% to US$67.28); Toronto (-36.4% to
US$75.31); and New York (-35.7% to US$159.82).
Performances
of key countries in May 2009 (all monetary units in local currency):
| Country |
Occupancy |
% change |
ADR |
% change |
RevPAR |
% change |
| Argentina |
48.2% |
-27.4% |
ARS460.31 |
-7.8% |
ARS221.97 |
-33.1% |
| Brazil |
61.4% |
-5.1% |
BRL180.83 |
+6% |
BRL111.01 |
+0.6% |
| Canada |
60.2% |
-11.7% |
CA$126.72 |
-5.9% |
CAD76.30 |
-16.9% |
| Mexico |
29.8% |
-52.1% |
MXN1098.20 |
-9.4% |
MXN327.49 |
-56.6% |
| U.S. |
55.7% |
-11.8% |
US$97.03 |
-9.8% |
US$54.05 |
-20.4% |
| *percentages are increases/decreases for
May 2009 vs. May 2008 |
| Source: STR Global |
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May 2009
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