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  Caribbean and Latin America 1st Qtr 2001 
Hotel Performance Results / Andersen

June 12, 2001 - The Andersen Hotel Industry Benchmark Survey � Caribbean and Latin America is launched with first quarter 2001 data. A summary of the performance of the selected markets is set out below. 
 
Performance of selected markets for first quarter 2001
Market
Occupancy %
Average Room Rate US$
RevPAR US$
% Growth
Barbados 72 240 172 -7%
Puerto Rico 81 215 175 3%
St. Lucia 66 196 129 -17%
Buenos Aires 59 147 86 -26%
Cancun 80 145 116 2%
Lima 48 93 44 -2%
Mexico City 69 132 90 6%
Panama City 57 108 62 -2%
San Jose 74 123 91 9%
Santiago 55 134 74 -6%
Sao Paulo 53 144 76 -12%
Source: Andersen Hotel Industry Benchmark Survey � Caribbean and Latin America

Andersen, the global professional services firm and leading provider of hotel performance data outside North America today announced the launch of the Caribbean and Latin American edition of the Andersen Hotel Industry Benchmark Survey with the release of first quarter hotel performance results.

This, the newest in Andersen�s suite of surveys, complements and enhances the existing monthly regional hotel performance reports published for Asia Pacific, Europe, the Middle East and Africa, with in-depth country/city reports for Australia, Germany, Italy, New Zealand, South Africa, the United Kingdom and London.

The Caribbean and Latin America hotel industry benchmark survey will track performance across 17 markets, and will be the only hotel performance survey of its kind available to participating hoteliers. 

Commenting on the launch of the Caribbean and Latin American survey, Julia Felton � Head of Global Hospitality Knowledge, Andersen highlighted that, �For a long time the industry has been seeking access to timely and accurate hotel performance data in the Caribbean and Latin America.  Andersen has responded to this challenge and we are delighted to be expanding our surveys into this region, using our proven methodology that is trusted by hoteliers throughout the world.� 

Andersen is a global leader in professional services. It provides integrated solutions that draw on diverse and deep competencies in consulting, assurance, tax, corporate finance, and in some countries, legal services. 

 

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Contact:

Julia Felton
[email protected]
 44 20 7304 1785
 Lisa M. Jebodhsingh
[email protected] 
44 20 7304 1095
www.hotelbenchmark.com

Also See Increased tourism arrivals and rebounding regional economies help Asia Pacific hotels achieve double-digit yield growth / Arthur Andersen / March 2001 
Stanfield Hospitality Develops Strategic Technologist Review; A First of a Kind Service Aimed at the Travel Industry and ItsTechnology Suppliers' Profitability / May 2001 


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