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.
Tags: Lima, Peru, south america
