The hotels in the Americas region recorded positive results in the three key performance metrics when reported in U.S. dollars during May 2014, according to data compiled by STR and STR Global.
Compared to May 2013, the Americas region reported a 4.9-percent increase in occupancy to 66.9 percent, a 4.5-percent increase in average daily rate to US$116.90 and a 9.6-percent increase in revenue per available room to US$78.18.
Among the key markets in the region, Montreal, Canada (+9.5 percent to 78.4 percent), and Sao Paulo, Brazil (+9.2 percent to 74.3 percent), reported the largest occupancy increases for the month.
San Francisco, California, achieved the only double-digit ADR increase, up 13.4 percent to US$203.18.
Boston, Massachusetts, experienced the largest RevPAR increase in May (+15.0 percent to US$154.92), followed by Miami, Florida (+14.3 percent to US$134.99), and San Francisco (+14.3 percent to US$173.88).
Panama City, Panama, reported the largest decrease in all three performance metrics. The market’s occupancy fell 10.4 percent to 46.4 percent; its ADR decreased 7.2 percent to US$102.80; and RevPAR fell 16.8 percent to US$47.65.
Source: STR & STR Global.
