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Latin America Hotel Performance Was Mostly Recovered in 2022

February 9, 2023

Performance recovery was substantial for most of Latin America’s hotel industry in 2022, with Mexico, Central America and South America easily surpassing their pre-pandemic comparables in revenue per available room (RevPAR). While all three experienced substantial growth in room rates, Central America came closest to 2019 level in occupancy.

South America*

  • Occupancy: 57.0% (-3.2%)
  • ADR: US$87.57 (+30.3%)
  • RevPAR: US$49.93 (+26.2%)

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