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
Ecuador
- 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.
Brazil
- 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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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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