STR Global Posts Americas Performance for May

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. June 26, 2009

JUNE 25, 2009 - The Americas region recorded declines in all three key performance metrics when reported in U.S. dollars for May 2009, according to data compiled by STR and STR Global.

In year-over-year comparisons, occupancy for the region in May dropped 12.2 percent to 55.7 percent; average daily rate dropped 10.3 percent to US$98.47; and revenue per available room dropped 21.2 percent to US$54.83.

Among the key markets, Rio de Janeiro, Brazil, was the only market to report an occupancy increase, rising 1.2 percent to 59.4 percent. Mexico City, Mexico, reported the largest decrease in occupancy as it fell 60.2 percent to 23.8 percent, followed by Buenos Aires, Argentina (-28.4 percent to 50.4 percent) and Santiago, Chile (-21.2 percent to 54.7 percent).

Santiago reported the smallest ADR decrease, down 4.6 percent to US$130.82, followed by Manitoba/Saskatchewan, Canada (-4.8 percent to US$102.79) and Nassau, Bahamas (-4.8 percent to US$268.72). Four markets reported ADR decreases of more than 20 percent: New York, New York (-29.4 percent to US$201.13); Mexico City (-25.2 percent to US$96.52); Toronto, Canada (-24.9 percent to US$118.68); and Buenos Aires (-24.2 percent to US$133.55).

Rio de Janeiro reported the only single-digit RevPAR decrease, falling 6.4 percent to US$91.47. Four markets reported RevPAR decreases of more than 30 percent: Mexico City (-70.2 percent to US$22.95); Buenos Aires (-45.7 percent to US$67.28); Toronto (-36.4 percent to US$75.31); and New York (-35.7 percent to US$159.82).