Published on : Tuesday, December 24, 2013
The America’s hotel industry region recorded positive results in the three key performance metrics when reported in U.S. dollars during November 2013, according to data compiled by STR and STR Global.
Compared to November 2012, the Americas region reported a 2.1-percent increase in occupancy to 58.0 percent, a 2.3-percent increase in average daily rate to US$109.60 and a 4.4-percent increase in revenue per available room to US$63.60.
Among the key markets in the region, Buenos Aires, Argentina (+9.2 percent to 79.1 percent), and San Francisco, California (+6.6 percent to 79.2 percent), reported the largest occupancy increases for the month. Panama City, Panama, posted the largest occupancy decrease, falling 5.0 percent to 54.7 percent. New York, New York, followed with a 4.7-percent decrease to 83.0 percent.
San Francisco (+20.3 percent to US$194.23) led ADR growth with the only double-digit increase. Panama City fell 10.3 percent in ADR to US$99.97, reporting the largest decrease in that metric.
San Francisco (+28.3 percent to US$153.80) and Miami, Florida (+11.0 percent to US$129.40), led RevPAR growth in the region. Panama City (-14.8 percent to US$54.70) posted the largest RevPAR decrease.
Tags: Hotel News