May 2009 Hotel Performance in The Americas

According to data compiled by STR, occupancy rates in the Americas in May 2009 dropped 12.2% (in year-on-year comparison) to 55.7%. The average daily rate dropped 10.3% to US$98.47 and revenue per available room dropped 21.2% to US$54.83.

Among the key markets in the region, Rio de Janeiro, Brazil, was the only market to report an occupancy increase, rising 1.2% to 59.4%.

Not surprisingly, Mexico city reported the largest decrease in occupancy as it fell 60.2% to 23.8%, followed by Buenos Aires, Argentina (-28.4% to 50.4%) and Santiago, Chile (-21.2% to 54.7%).

Santiago reported the smallest ADR decrease, down 4.6% to US$130.82, followed by Manitoba / Saskatchewan, Canada (-4.8% to US$102.79) and Nassau, Bahamas (-4.8% to US$268.72).

Four markets reported ADR decreases of more than 20%: New York (-29.4% to US$201.13); Mexico city (-25.2% to US$96.52); Toronto, Canada (-24.9% to US$118.68); and Buenos Aires (-24.2% to US$133.55).

Rio de Janeiro reported the only single-digit RevPAR decrease, falling 6.4% to US$91.47.

Four markets reported RevPAR decreases of more than 30%: Mexico city (-70.2% to US$22.95); Buenos Aires (-45.7% to US$67.28); Toronto (-36.4% to US$75.31); and New York (-35.7% to US$159.82).

Performances of key countries in May 2009 (all monetary units in local currency):

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