Occupancy for the region dropped 11.3 percent to 56.5 percent; average daily rate dropped 10.0 percent to US$99.66; and revenue per available room dropped 20.1 percent to US$56.33. Among the key markets, two reported occupancy decreases of less than five percent: New York, New York (-4.7 percent to 79.7 percent), and Manitoba/Saskatchewan, Canada (-4.6 percent to 66.5 percent). Mexico City, Mexico, reported the largest occupancy decrease, down 40.0 percent to 42.2 percent. Three other markets reported occupancy decreases of more than 20 percent: Buenos Aires, Argentina (-25.5 percent to 54.5 percent); Santiago, Chile (-23.0 percent to 62.8 percent); and Sao Paulo, Brazil (-20.3 percent to 54.3 percent).
Nassau, Bahamas, was the only key Americas market to report an increase in ADR, when measured in U.S. dollars, was up 9.1 percent to US$369.66. Four markets reported ADR decreases in of more than 20 percent: New York (-25.5 percent to US$203.58); Toronto, Canada (-24.7 percent to US$106.68); Mexico City (-23.0 percent to US$105.49); and Montreal, Canada (-21.6 percent to US$102.48).
Nassau was the only market to report a single-digit RevPAR decrease, down 7.6 percent to US$238.47. Mexico City reported the largest RevPAR decline, falling 53.8 percent to US$44.57. Three additional markets reported RevPAR decreases of more than 35 percent: Santiago (-38.3 percent to US$86.97); Toronto (-35.2 percent to US$61.85); and Buenos Aires (-35.1 percent to US$79.25).