South America, Lima accounts lowest rate of hotel occupancy in March

Published on : Monday, April 6, 2020

As the impact of deadly coronavirus broadens in South America, the daily hotel occupancy in Lima fell to as low as 12.9% on 19 March, according to preliminary data from STR.

 

 

That occupancy level came one day after the Peruvian government imposed a nightly curfew to combat the spread of COVID-19. STR’s most recent data for 22 March showed that just 13 of 100 rooms on average were occupied in the city.

 

 

Patricia Boo, STR’s area director for Central/South America said that despite the fact that corporate tourism is not strong during January and February, daily occupancy in Lima was as high as 70.1% on 19 February.

 

The market’s daily occupancy was above 40% as late as the 12th of March, with the exception of 29 February and 8 March when occupancy was roughly 38%, but has been declining recently by more than 70% in year-over-year comparisons.

 

 

STR continues to monitor the COVID-19 impact on global hotel industry performance. More analysis, including upcoming and recorded webinars for South America and other regions, can be found here.

 

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