SAHIC Preview: Business Travel Demand Returning Across South America

STR | March 23, 2023

BOGOTÁ—South America’s weekday hotel occupancy, a lead indicator of business travel, is moving closer to pre-pandemic levels, according to the latest data from STR that will be presented at the SAHIC Hotel & Tourism Investment Forum. Among key markets in the region, São Paulo has seen stronger occupancy recovery on weekends compared to weekdays, but shoulder days (Sunday and Thursday), which combine both business and leisure travel, have been the best performing days in the market. Panama City, on the other hand, saw better weekday performance with Wednesdays showing the second-highest occupancy level in 2022 (a...