The Americas recorded positive results in the three key performance metrics during March 2013, according to data compiled by STR and STR Global.

STR Global reported a slight 0.2-percent increase in occupancy to 63.7 percent, a 3.9-percent rise in ADR to $113.62, and a 4.1-percent growth in revenue per available room to $72.33.
Among the key markets in the region, Miami reported the largest occupancy increase⎯⎯rising 4.1 percent to 89.1 percent⎯⎯followed by New York with a 3.6-percent increase to 84.2 percent. Panama City, Panama, and Buenos Aires, Argentina, reported the largest occupancy decreases for the month with Panama City decreasing 24.7 percent and Buenos Aires decreasing 15.8 percent.
Miami rose 14.4 percent in ADR to $238.12reporting the only double-digit increase in that metric. Buenos Aires reported the largest ADR decrease, falling 11.0 percent to $146.83.
Three markets experienced double-digit RevPAR increases⎯⎯including Miami at a 19.1 percent increase; Manhattan at a 12.4 percent increase, and San Francisco at a 10.9 percent increase.
During the first-quarter 2013, the region’s occupancy rose 1.6 percent to 57.9 percent, its ADR was up 4.2 percent to $111.50, and its RevPAR increased 5.9 percent to $64.53.
