Strong de­mand boosts Ar­gen­tine ho­tels

Travel Daily ME - - News -

Ar­gentina's ho­tel sec­tor is boom­ing, with strong de­mand for rooms boost­ing occupancy lev­els and revPAR. The lat­est data from STR shows that occupancy in the coun­try jumped 8.6% to 62.3% in July 2017, which marked Ar­gentina’s high­est ac­tual occupancy level for the month of July since 2011. RevPAR surged 36.5% to ARS1,223 ( ap­prox. US$ 71). Buenos Aires recorded a 14.2% lift in de­mand - its third con­sec­u­tive month of dou­ble- digit growth.

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