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STR: Central/South America hotel performance for April 2020

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LONDON—Reflecting impact from the COVID-19 pandemic, the Central/South America hotel industry reported historic performance lows during April 2020, according to data from STR.

U.S. dollar constant currency, April 2020 vs. April 2019

  • Occupancy: -79.7% to 11.6%
  • Average daily rate (ADR): -28.7% to US$61.83
  • Revenue per available room (RevPAR): -85.5% to US$7.17

The absolute occupancy and RevPAR levels were the lowest for any month on record in the region.

Local currency, April 2020 vs. April 2019

Panama

  • Occupancy: -69.2% to 14.0%
  • ADR: -49.1% to PAB47.71
  • RevPAR: -84.3% to PAB6.69

The absolute levels in each of the three key performance metrics were the lowest for any month in STR’s Panama database. Panama City experienced a 68.5% decrease in occupancy.

Ecuador

  • Occupancy: -85.3% to 9.0%
  • ADR: -36.3% to US$61.69
  • RevPAR: -90.6% to US$5.56

The absolute occupancy, ADR and RevPAR levels were the lowest for any month in STR’s Ecuador database. Quito recorded an occupancy decline of 84.0%.  

Additional COVID-19 analysis
All of STR’s COVID-19 analysis, including press releases and webinar recordings, can be found here.

A note to editors
All references to STR data and analysis should cite “STR” as the source. Please refrain from citing “STR, Inc.” “Smith Travel Research” or “STR Global” in sourcing.

About STR

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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