Market Reports

Hotel Industry in the Central/South America Region Reports Positive Results for September 2018

Hotels in Central and South America saw occupancy increase 0.9% to 58.7% in September, while ADR rose 11.2% to $104.27 and RevPAR increased 12.2% to $61.18.
Machu Picchu, Peru - Photo by Willian Justen de Vasconcellos on Unsplash
https://www.nevistas.com/ul/4/2018/10/25/07.jpg

  • Lima experiences fifth consecutive month of occupancy declines amid significant supply growth
  • Quito posts double-digit demand growth

Hotels in the Central/South America region reported positive performance results during September 2018, according to data from STR.

U.S. dollar constant currency, September 2018 vs. September 2017

Central/South America

• Occupancy: +0.9% to 58.7%
• Average daily rate (ADR): +11.2% to US$104.27
• Revenue per available room (RevPAR): +12.2% to US$61.18

Local currency, September 2018 vs. September 2017

Lima, Peru

• Occupancy: -9.9% to 68.5%
• ADR: -13.2% to PEN442.62
• RevPAR: -21.8% to PEN303.14

Occupancy in Lima decreased for the fifth consecutive month. STR analysts attribute performance declines to an influx of new supply (+7.2%) combined with a dip in demand (-3.5%).

Quito, Ecuador

• Occupancy: +13.0% to 66.9%
• ADR: +2.3% to US$97.94
• RevPAR: +15.7% to US$65.54

Demand (room nights sold) increased 16.3% in the market. STR analysts note that an improved political situation in Ecuador has helped increase tourism.

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