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August 2009 Performance of Hotels in the Americas

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In year-on-year comparisons, the average occupancy rates for hotels in the Americas region in August 2009 dropped 9.7% to 61.1%; the ADR declined 10.2% to US$98.12; and RevPAR decreased 18.9% to US$59.97.

Aaccording to data compiled by STR and STR Global, San Juan, Puerto Rico, was the only market to report an occupancy increase, jumping 12.6% to 81.7%. Washington, D.C., was virtually flat for the month, reporting an occupancy decrease of 0.6% to 65.5%.

Three markets experienced occupancy decreases of more than 20%: Buenos Aires, Argentina (-31.9% to 41.8%); Santiago, Chile (-28.1% to 51.9%); and Mexico City, Mexico (-20.1% to 53.3%).

Manitoba/Saskatchewan, Canada, reported a small ADR increase, up 0.5% to US$102.62. Santiago (-4.7% to US$129.95) and Washington, D.C. (-4.7% to US$121.48), were the only two markets to report ADR decreases of less than 5%.

Mexico City experienced the largest ADR decrease, falling 30% to US$100.54, followed by New York, New York, with a 27.1-percent decline to US$185.56.

San Juan experienced the smallest RevPAR decrease, down 0.6% to US$116, followed by Manitoba / Saskatchewan with a 0.8%decrease to US$75.13. Four markets posted RevPAR decreases of more than 30%: Buenos Aires (-44.5% to US$50.07); Mexico City (-44.1% to US$53.55); New York (-31.8% to US$154.95); and Santiago (-31.5% to US$67.45).

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