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.