Central/South America: Hotel Occupancy down 4.9 percent

hotelnewsresource.com reported compared with July 2015, the Central/South America region reported a 4.9% decrease in occupancy to 56.7%. Average daily rate (ADR), however, increased 10.1% to US$89.84, and revenue per available room (RevPAR) grew 4.7% to US$50.93.

Hotels in the Central/South America region recorded mixed results in the three key performance metrics when reported in U.S. dollar constant currency, according to July 2016 data from STR.

Compared with July 2015, the Central/South America region reported a 4.9% decrease in occupancy to 56.7%. Average daily rate (ADR), however, increased 10.1% to US$89.84, and revenue per available room (RevPAR) grew 4.7% to US$50.93. Read Article

INTERMEDIATE/ADVANCED SPANISH VOCABULARY – READ THE BOOK