- 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
• 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
• 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%).
• 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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