STR: Central/South America hotel performance for April 2020

The absolute occupancy and RevPAR levels were the lowest for any month on record in the region

LONDON - Reflecting impact from the COVID-19 pandemic, the Central/South America hotel industry reported historic performance lows during April 2020, according to data from STR.

U.S. dollar constant currency, April 2020 vs. April 2019

• Occupancy: -79.7% to 11.6%
• Average daily rate (ADR): -28.7% to US$61.83
• Revenue per available room (RevPAR): -85.5% to US$7.17

The absolute occupancy and RevPAR levels were the lowest for any month on record in the region. 

Local currency, April 2020 vs. April 2019

Panama

• Occupancy: -69.2% to 14.0%
• ADR: -49.1% to PAB47.71
• RevPAR: -84.3% to PAB6.69

The absolute levels in each of the three key performance metrics were the lowest for any month in STR’s Panama database. Panama City experienced a 68.5% decrease in occupancy. 

Ecuador

• Occupancy: -85.3% to 9.0%
• ADR: -36.3% to US$61.69
• RevPAR: -90.6% to US$5.56

The absolute occupancy, ADR and RevPAR levels were the lowest for any month in STR’s Ecuador database. Quito recorded an occupancy decline of 84.0%.