by Michael J. Shapiro | November 23, 2011

 Two markets in the Americas posted year-over-year average daily rate gains of more than 15 percent for the month of October, according to data from STR Global. Sao Paulo, Brazil, led all American markets with rate growth of 21.2 percent, while San Francisco posted a 19.4 percent rate gain. The region posted a 4.0 percent increase in average daily rate overall. That complemented a smaller growth in occupancy, of 2.8 percent, for a 6.9 percent jump in revenue per available room. Miami led all markets with a 22.4 percent RevPAR hike. On a countrywide basis, Brazil posted an impressive 17.8 percent RevPAR increase; Mexico’s RevPAR grew by 9.5 percent and the U.S. posted 7.0 percent growth.