STR: Mexico Q3 2019 hotel performance

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STR: Mexico Q3 2019 hotel performance

Mexico’s hotel industry reported negative performance results during Q3 2019, according to data from STR.

Compared with Q3 2018:

  • Occupancy: -3.0% to 60.3%
  • Average daily rate (ADR): -3.4% to MXN1,928.43
  • Revenue per available room (RevPAR): -6.3% to MXN1,162.06

The absolute occupancy level was the lowest for any Q3 in the country since 2013 due to an influx of new supply and lack of demand (-0.1%) growth.

Among STR’s defined markets for the country, Mexico Central South experienced the only rise in occupancy (+3.5% to 54.4%) and the second-largest jump in RevPAR (+4.5% to MXN607.95).

Mexico Northwest posted the largest lift in ADR (+5.0% to MXN2,262.61), which resulted in the highest increase in RevPAR (+4.7% to MXN1,262.11).

The Yucatan Peninsula registered the only double-digit declines in ADR (-12.2% to MXN2,703.18) and RevPAR (-15.4% to MXN1,770.03).

Mexico Central North saw the largest drop in occupancy (-5.8% to 57.8%).

About STR

STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. For more information, please visit str.com.