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Tue, 29 Jan 2019

Hotels in Mexico Report Negative ADR, OR and RevPAR for 2018

According to data from STR, Mexicoís hotel industry reported mixed performance results during 2018.

When compared with 2017 occupancy rates were down -1.3% to 63.1%, ADR dipped -0.6% to MXN2,300.04 and RevPAR fell -1.9% to MXN1,450.53.

Absolute occupancy was the lowest for any year in the country since 2014. The dip in occupancy came as a result of healthy supply growth (+2.4%) and softened demand (+1.1%) that was likely influenced by political and economic uncertainty, along with safety concerns and U.S.-issued travel advisories.

Luxury in Mexico! Las Ventanasal Paradiso, a Rosewood Resort. Click to enlarge.

Among STRís defined markets for the country, Mexico Northeast registered the largest increases in each of the three key performance metrics: occupancy (+5.0% to 65.8%), ADR (+4.5% to MXN1,272.75) and RevPAR (+9.7% to MXN837.86).

 Based on the number of hotels, the largest cities included in this market are Monterrey, Saltillo and Tampico.

Mexico City experienced the second-highest rise in occupancy (+3.0% to 69.2%), which resulted in the only other jump in RevPAR (+4.0% to MXN1,706.93).

Mexico Central North reported the largest drop in RevPAR (-4.8% to MXN1,037.37), due primarily to the second-steepest decline in occupancy (-3.6% to 61.0%). This market includes Guadalajara and Puerto Vallarta.

 Mexico Central South saw the largest decrease in occupancy (-3.9% to 52.8%) and the second-largest drop in RevPAR (-3.1% toMXN580.45). The highest hotel counts in this market belong to Oaxaca and Acapulco.

The Yucatan Peninsula posted the only other decline in ADR (-0.6% to MXN3,691.76).

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