STR | April 14, 2020 |
BOGOTÁ—As the COVID-19 pandemic in Colombia has worsened,
the country’s daily hotel occupancy decreased to as low as 3.9% on 29 March,
according to preliminary data from STR.
“Daily occupancy in the country was as high as 77.8% on 19
February, but a sharp downward trend began as the number of confirmed COVID-19
cases grew and the government declared a state of emergency on 17 March,” said
Patricia Boo, STR’s area director for Latin America. “The numbers are truly
astonishing as STR’s most recent data for the country showed that just four of
100 rooms on average were occupied.”
At the market-level, a significant downward movement in Bogotá
began on 17 March as the government implemented measures to combat the spread
of COVID-19. In year-over-year comparisons, Bogotá reached its steepest
occupancy decline on 31 March (-94.0%).
STR continues to monitor the COVID-19 impact on global hotel
industry performance. More analysis, including upcoming and recorded webinars
for South America and other regions, can be found here.
About STR
STR provides premium data benchmarking, analytics and
marketplace insights for global hospitality sectors. Founded in 1985, STR
maintains a presence in 15 countries with a corporate North American
headquarters in Hendersonville, Tennessee, an international headquarters in
London, and an Asia Pacific headquarters in Singapore. STR was acquired in
October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of
commercial real estate information, analytics and online marketplaces. For more
information, please visit str.com and costargroup.com.
Media Contact:
International
Media Contact
Rebeca Vélez Mínguez
Communications Executive
Email: rvelezminguez@str.com
Phone : +44 (0)203 890 0056 ext. 0056
Rebeca Vélez Mínguez
Communications Executive
Email: rvelezminguez@str.com
Phone : +44 (0)203 890 0056 ext. 0056
Website: https://str.com/p
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