Strong demand boosts Argentine hotels
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.