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
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).