STR: Beach Destinations Leading Hotel Performance in Latin America

STR | August 2, 2021

BOGOTA — August 2, 2021 — Latin America’s popular leisure markets, especially beach destinations, have continued to post hotel occupancy levels above 40%, according to data from STR through 25 July. As demand remains predominantly domestic leisure-driven, markets reliant on that segment are leading hotel performance in the region. During 19-25 July, Cartagena posted the region’s highest occupancy at 60.4%. The market’s weekly occupancy reached as high as 71.6% in 2021 (week ending 4 April). Among other STR-defined markets, Costa Rica Regional came in second during the week ending 25 July, at 58.2%, while Rio de Janeiro exp...