Chile Hotel Occupancy
Chile Hotels Show Resilience
STR | January 24, 2022
Every country around the world has had to work through significant challenges since the start of the pandemic in 2020. For Chile, challenges were nothing new as protests that began in October 2019 were already affecting hotel performance around the country. The pandemic and those protests are still ongoing late into 2021, but Chile’s hotels are slowly but surely moving toward performance recovery. Recovering a bit differently Most countries are recovering average daily rate (ADR) faster than occupancy. In Chile, the opposite has been true. The country saw a 47.6% occupancy level in September, which was 90% of the comparable ...
STR: Chile Hotel Occupancy Nearing Pre-Pandemic Levels
STR | November 1, 2021
BOGOTA — November 1, 2021 — Chile’s hotel occupancy reached 90% of the 2019 comparable, according to September 2021 data from STR. The country’s 47.6% occupancy level in September was 10% lower than September 2019 (52.8%) after August (47.8%) came in 22.3% below the 2019 comparable. “Chile has been different than many countries in that it is recovering occupancy quicker than average daily rate,” said Patricia Boo, STR’s area director, Central & South America. ADR for September came in at CLP 60,473.55, which was the highest level in the country since March 2020 but just 83% of the pre-pandemic comparison. &nbs...
