Hotel Industry in Mexico Reports Mixed Results for Q3 2017
Mexico’s hotel industry reported mixed year-over-year results in the three key performance metrics during the third quarter of 2017, according to data from STR.
Compared with Q3 2016:
- Occupancy: -1.6% to 63.1%
- Average daily rate (ADR): +4.1% to MXN1,994.03
- Revenue per available room (RevPAR): +2.5% to MXN1,258.06
Among key markets in the country, Central Mexico experienced the largest increase in RevPAR (+5.7% to MXN810.28), due to the largest lift in ADR (+7.5% to MXN1,352.02). Occupancy in the market fell 1.7% to 59.9%.
The Yucatan Peninsula experienced the only rise in occupancy (+0.3% to 69.0%).
Mexico City reported the largest decline in occupancy (-4.4% to 65.5%) and the only decreases in ADR (-2.8% to MXN2,208.09) and RevPAR (-7.1% to MXN1,445.68).
Among class segments, the Economy class posted the largest increases in occupancy (+2.6% to 66.0%) and RevPAR (+3.0% to MXN489.45).
The Midscale class reported the largest increase in ADR (+5.8% to MXN987.42).
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