STR: Central/South America hotel performance for June 2020
LONDON—The Central/South America hotel industry reported slight improvement in occupancy month over month, but lower room rates, according to June 2020 data from STR.
U.S. dollar constant currency, June 2020 vs. June 2019
- Occupancy: -68.9% to 17.3%
- Average daily rate (ADR): -34.6% to US$53.77
- Revenue per available room (RevPAR): -79.7% to US$9.31
The absolute occupancy and RevPAR levels were the lowest for any June in STR’s Central/South America database.
Local currency, June 2020 vs. June 2019
- Occupancy: -87.4% to 8.4%
- ADR: -35.6% to US$62.78
- RevPAR: -91.9% to US$5.28
The occupancy and RevPAR levels were the lowest for any month on record in STR’s Ecuador database, as hotels remained closed during the month due to COVID-19.
- Occupancy: -73.6% to 14.8%
- ADR: -33.3% to BRL199.76
- RevPAR: -82.4% to BRL29.48
The absolute occupancy and RevPAR levels were the lowest for any June in STR’s Brazil database. Performance remains low in key markets in Brazil, such as São Paulo—a market that relies heavily on corporate demand, which saw occupancy at 6.7% for the month. Leisure and regional markets, however, recorded double-digit occupancy levels. The Brazil Southeast submarket saw occupancy of 17.6%, while São Paulo State Regional posted 12.9% occupancy.
All of STR’s COVID-19 analysis, including press releases and webinar recordings, can be found here.
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