May 2009 Hotel Performance in The Americas

Travel News Asia Latest Travel News Podcasts Thursday, 2 July 2009

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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