Beach destinations lead in Latin America

Latin America’s popular leisure markets, especially beach destinations, have continued to post hotel occupancy levels above 40%, according to data from STR through July 25. As demand remains predominantly domestic leisure-driven, markets reliant on that segment are leading hotel performance in the region. During July 19-25, Cartagena posted the region’s highest occupancy at 60.4%. The market’s weekly occupancy reached as high as 71.6% in 2021 (week ending April 4). Among other STR-defined markets, Costa Rica Regional came in second during the week ending July 25, at 58.2%, while Rio de Janeiro experienced an occupancy level of 49.1%, the lowest in…
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