STR Global Posts Americas Performance for August 2009

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. September 28, 2009

SEPTEMBER 28, 2009 - The Americas region recorded declines in all three key performance metrics when reported in U.S. dollars for August 2009, according to data compiled by STR and STR Global.

In year-over-year comparisons, occupancy for the region dropped 9.7 percent to 61.1 percent; average daily rate declined 10.2 percent to US$98.12; and revenue per available room decreased 18.9 percent to US$59.97.

Among the key markets San Juan, Puerto Rico, was the only market to report an occupancy increase, jumping 12.6 percent to 81.7 percent. Washington, D.C., was virtually flat for the month, reporting an occupancy decrease of 0.6 percent to 65.5 percent. Three markets experienced occupancy decreases of more than 20 percent: Buenos Aires, Argentina (-31.9 percent to 41.8 percent); Santiago, Chile (-28.1 percent to 51.9 percent); and Mexico City, Mexico (-20.1 percent to 53.3 percent).

Manitoba/Saskatchewan, Canada, reported a small ADR increase, up 0.5 percent to US$102.62. Santiago (-4.7 percent to US$129.95) and Washington, D.C. (-4.7 percent to US$121.48), were the only two markets to report ADR decreases of less than five percent. Mexico City experienced the largest ADR decrease, falling 30.0 percent to US$100.54, followed by New York, New York, with a 27.1-percent decline to US$185.56.

San Juan experienced the smallest RevPAR decrease, down 0.6 percent to US$116.00, followed by Manitoba/Saskatchewan with a 0.8-percent decrease to US$75.13. Four markets posted RevPAR decreases of more than 30 percent: Buenos Aires (-44.5 percent to US$50.07); Mexico City (-44.1 percent to US$53.55); New York (-31.8 percent to US$154.95); and Santiago (-31.5 percent to US$67.45).