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STR: Brazil hotel performance rebounds

Staff Writer | March 9, 2018
A double-digit increase in occupancy during January 2018 was further evidence of hotel performance recovery in Brazil, according to an analysis from STR.
Hospitality   Four consecutive months of RevPAR growth
Brazil posted a 10.2% year-over-year increase in occupancy to an absolute level of 54.2%. This lift, coupled with a 1.4% increase in average daily rate (ADR) to BRL298.44, resulted in 11.7% growth in revenue per available room (RevPAR) to BRL161.64.

The year-over-year jump in occupancy was the highest for any month in Brazil since February 2011.

Additionally, Brazil has reported four consecutive months of RevPAR growth, with three of those four producing a double-figure lift. Prior to that stretch, the country saw 13 consecutive months of RevPAR declines.