Panama City.
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%.
Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.
She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.
