STR: Central/South America hotel performance for November 2020
LONDON—The Central/South America hotel industry reported its highest performance levels since the beginning of the pandemic, according to November 2020 data from STR.
US$ constant currency, November 2020 (percentage change from November 2019)
- Occupancy: 32.8% (-48.3%)
- Average daily rate (ADR): US$70.13 (-19.9%)
- Revenue per available room (RevPAR): US$23.03 (-58.6%)
Occupancy was the highest in the region since February, while ADR and RevPAR were the highest since March.
Local currency, November 2020 (percentage change from November 2019)
- Occupancy: 42.1% (-35.7%)
- ADR: PEN199.25 (-51.3%)
- RevPAR: PEN83.88 (-68.7%)
Each of the three key performance metrics were up from October levels.
- Occupancy: 35.7% (-44.2%)
- ADR: BRL288.68 (-10.8%)
- RevPAR: BRL103.00 (-50.2%)
The absolute occupancy and RevPAR levels were the highest in Brazil since February, while ADR was the highest since March.
Additional COVID-19 analysis
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STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.
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