STR Reports February 2015 Performance of Hotels in Americas

According to data compiled by STR, hotels in the Americas region recorded positive results in the three key performance metrics when reported in U.S. dollars during February 2015.

Compared to February 2014, the Americas region reported a 2.8% increase in occupancy to 62.3%, a 3.9% increase in ADR to US$118.66, and a 6.8% increase in RevPAR to US$73.94.

Among the key markets in the region, San Juan, Puerto Rico, reported the largest occupancy increase, rising 8.1% to 88.4%. Three other markets experienced an occupancy increase of at least 5.0%, including Bogotá, Colombia (+5.8% to 60.1%).

Miami, Florida, experienced the largest ADR increase, rising 11.4% to US$259.07. Los Angeles, California, followed with a 10.7% increase to US$155.07.

Los Angeles also reported the largest RevPAR growth, up 14.6% to US$124.27.

São Paulo, Brazil, reported the largest decrease in all three key performance metrics. The market’s occupancy fell 13.1% to 54.3%; its ADR declined 19.4% to US$114.70; and its RevPAR was down 30.0% to US$62.34.