STR: Hotel Occupancy in Chile Approaching Pre-Pandemic Levels

According to STR data from September 2021, hotel occupancy in Chile surpassed 90% of the comparable.

The Country’s September occupancy level of 47.6% was 10% lower than September 2019 (58%) following August (48%) was 22.3% lower than the 2019 comparison.

“Chile has been unusual than many other nations in that it is recovering occupancy faster than the average daily rate,” said Patricia Boo, STR’s Central & South America region director.

ADR for September was CLP 60,473.55, the highest level in the country since March 2020 but only 83% of the pre-pandemic level.

“Like in other nations, local demand has been critical in Chile’s recovery as leisure visitors continue to prefer regional gateways over large cities,” added Boo. “The provincial market has seen occupancy exceed 2019 levels for many months, but the capital lags well behind as corporate demand suffers from border closures and limitations, as well as a lack of a MICE segment.”

Chile Provincial had the highest occupancy rate among STR-defined markets in September, at 59.1%, or 122.6% of 2019 comparable. In Santiago, occupancy hit 75.2% of the 2019 comparative, the market’s strongest comparison since March 2020.

“Every portion of the world has had tremendous challenges as a result of the epidemic, but Chile was already in a difficult condition because of demonstrations in the nation that began in late 2019.”

“With all of this in mind, it is promising that the country has been able to return to pre-pandemic occupancy levels even though the recovery remains weak.”