STR presents results of hotel performance in Central and South America for August
Occupancy has had an inter-annual decrease of -66.4%. Average Daily Rate (ADR) is down -34.7% and Revenue per Available Room (RevPAR) collapsed -78.1%
The Central and South American hotel industry reported a slight improvement from the previous month, but an overall poor performance, according to STR's August 2020 data.
Constant currency of the US dollar, August 2020 vs. August 2019
Occupation: -66.4% to 20.2%
Average Daily Rate (ADR): -34.7% to US $ 53.66
Income per available room (RevPAR): -78.1% to US $ 10.82
Absolute occupancy and RevPAR levels were the highest in the region since March, but still the lowest for any month of August in STR's Central and South America database. The ADR was also lower than any other August on record in the CSA region.
Local currency, August 2020 vs. August 2019
Occupation: -32.6% to 45.1%
ADR: -55.6% to PEN187.35
RevPAR: -70.1% to PEN84.44
Each of the three key performance metrics was the lowest for any August in STR's database in Peru. The occupancy and RevPAR levels were slightly lower than in July.
Occupancy: -86.0% to 8.8%
ADR: -30.2% to COP187,717.22
RevPAR: -90.2% to COP16,531.91
The country's occupancy and RevPAR decreased from the previous month, while ADR increased slightly.