trending Market Intelligence /marketintelligence/en/news-insights/trending/BKebz4bQHqktca-o7lADhQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

STR reports positive Mexican hotel market results for 2016

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

STR reports positive Mexican hotel market results for 2016

STR reported overall positive results in Mexico's hotel industry in the three key performance metrics during 2016.

The average daily rate jumped 17% from a year ago to 2,327.16 Mexican pesos, which resulted in a 17.1% boost in RevPAR to 1,479.60 pesos.

Occupancy remained nearly flat compared to 2015 with a 0.1% increase during the year to 63.6%.

"The tourism industry is considered one of the main engines of the economy in Mexico, and in 2016, Mexico saw more international visitors due to a favorable exchange rate for foreign travelers," Fatima Thompson, STR's associate director of business development, hotels, said in a release.

All five of the country's key markets logged double-digit growth in RevPAR from 2015, with Northwest Mexico reporting a 50.6% jump to 1,548.44 pesos and Mexico City reporting a 22.3% increase to 1,760.73 pesos.

Mexico City's occupancy increased 4.1% year-over-year to reach 69.4% for 2016, marking the highest increase in the country.

The Yucatan Peninsula and Northeast Mexico-Monterrey markets saw occupancy declines of 3% and 0.5%, respectively, during 2016.

During the fourth quarter of 2016, the average daily rate rose 21.5% from 2015 to 2,569.47 pesos and occupancy increased 1.3% to 63%, with RevPAR increasing 23% to 1,619.56 pesos.

As of Jan. 25, US$1 was equivalent to 21.35 Mexican pesos.