With an occupancy rate of 68.5%, for an improvement of 2.4% compared to 2010, Brazil led the growth of the Americas region in the hotel sector during 2011.
Mexico, on the other hand, also showed positive results by reporting an occupancy rate of .56.8%, for an increase of 3.4%, according to figures revealed by STR and STR Global in their December 2011 report.
The good performance of the Brazilian market was also reflected in the increase in its RevPar, which grew by 17.9%, as well as the average daily rate (ADR) which suffered an increase of 15%.
When analyzing the most significant cities in terms of hotel activity, it is observed that Sao Paulo stands out for having increased its RevPar by 27.8% over the previous year to reach US$96.16 on average, while Rio de Janeiro presented an increase of 21.1% to stand at US$155.35.
For its part, Santiago de Chile achieved an important growth, of 9.4%, in its percentage of occupation to reach an average of 71.5%. While Mexico City increased occupancy by 7.9% to stand at an average of 62.5%.
