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%)
