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

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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