Mar 30 2009
STR Global Releases Performance Results for Americas Feb 2009
The Americas, as expected, posted declines in all three key performance metrics in February 2009, according to a report by STR and STR Global.
Overall the region dropped 10.0 percent to 53.7 percent in occupancy levels. Average daily rate fell 9.1 percent to $10.207 and revPar fell more drastically, down 18.2 percent at US$54.80.
Montreal and Ottawa reported the smallest descreases in occupancy year-over-year while Santiago, Chile had a decrease in occupancy of 56.2 percent, the most drastic noted in the report.
