STR Global Reports Hotel Occupancy in the Americas Region Up for November 2014

Occupancy in the Americas Region Up 2.3% to 59.5%

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. December 29, 2014

December 29, 2014 - STR Global Reports that the Americas region recorded positive results in the three key performance metrics when reported in U.S. dollars during November 2014, according to data compiled by STR and STR Global.

Compared with November 2013, the Americas region reported a 2.3-percent increase in occupancy to 59.3 percent, a 3.6-percent increase in average daily rate to US$113.77 and a 6.1-percent increase in revenue per available room to US$67.43.

Among the key markets in the region, Vancouver, Canada, reported the largest occupancy increase, rising 8.2 percent to 66.3 percent. Washington, Dthat .C., followed with a 5.5-percent increase to 63.5 percent. Buenos Aires, Argentina, fell 10.0 percent to 70.4 percent, posting the only double-digit occupancy decrease.

Chicago, Illinois (+12.8 percent to US$144.04), and Boston, Massachusetts (+12.1 percent to US$182.45), achieved the largest ADR increases. Rio de Janeiro, Brazil, experienced the largest ADR decrease, falling 9.1 percent to US$182.23.

Three markets reported double-digit RevPAR growth: Chicago (+16.4 percent to US$97.01); Boston (+14.8 percent to US$131.04); and Washington, D.C. (+11.5 percent to US$92.73). Buenos Aires fell 16.6 percent to US$95.53 in RevPAR, posting the largest decrease in that metric.