Caribbean Hotel Occupancy, Revenue Jumped in May: Report

By: Caribbean Journal Staff - June 25, 2013

Above: the One & Only Ocean Club in Paradise Island

By the Caribbean Journal staff

After a sluggish April, Caribbean hotel occupancy rose 6.6 percent in May, the highest year-over-year jump of any month so far in 2013, according to a new report from STR.

Occupancy in May stood at 64.4 percent, up from 60.4 percent in May 2012, while revenue per available room saw an 8.3 percent increase to $103.66.

The average daily rate also rose 1.6 percent over May 2012 after contracting by 1.4 percent in April.

Total Caribbean hotel revenue was up 8.5 percent year over year to a total of $926.5 million.

As a point of comparison, hotel occupancy in the region was up 12 percent compared to May 2011, and 16 percent over May 2010.

For the year, Caribbean hotel occupancy is up 3.8 percent compared to the first five months of 2012, while RevPAR is up 10.2 percent and average daily rates are up by 6.2 percent.

The average daily rate is at $149.69 for 2013.

STR’s data covered Caribbean hotels through the end of May.

Popular Posts

The 10 Best Overwater Bungalows in the Caribbean, From Aruba to Belize

Overwater villas at Caribbean resorts aren’t just a novelty — they’re also among the most luxurious and beautiful accommodations you can stay in. And while all of the bungalows perched above the waves have their charms, some stand out among […]

The 10 Best Luxury All-Inclusive Resorts in the Caribbean, From Antigua to Jamaica

all-inclusive hammock cove

All-inclusive resorts are more popular than ever, particularly in the Caribbean. The all-inclusive concept just keeps winning over travelers, who have been drawn to the ease, comfort and convenience of the concept. But the biggest thing within the space isn’t […]

The Bahamas’ Atlantis Paradise Island Just Completed a $150M Renovation

walking on the beach in nassau

A new eatery by Michelin-star Chef Michael White. A new-look casino. State-of-the-art guest rooms and the Caribbean’s first Shake Shack.  The Bahamas’ Atlantis Paradise Island resort has officially completed a $150 million resort-wide renovation, a significant project that included a […]

Related Posts jamaica sunset

This Negril, Jamaica All-Inclusive Resort Is Reopening 

Negril, Jamaica’s famous treehouse hotel is back open again after the passage of Hurricane Beryl through the island.  Sunset at the Palms, the 85-room, adults-only, all-inclusive resort located in Negril, Jamaica, is reopening to guests on Saturday, July 20, after embarking […]

Caribbean Airlines Just Launched Its First Flights to Puerto Rico 

the beach at the caribe hilton

The Caribbean aviation sector is hotter than ever: new flights, new routes and new-entry airlines have turned what was a quiet, lethargic sector into a competitive intra-regional market.  The Caribbean, which in the wake of LIAT’s demise was largely devoid […]

Post-Beryl, Grenadines the Center of Storm's Destruction

union island

“Decimated.” In a chat with Caribbean Journal, that’s the word Quirin Schaedle (known locally as King King) uses to describe the post-Hurricane Beryl landscape across St. Vincent and the Grenadines, but more specifically the Grenadine chain. The director/owner of real […]


Sign up for Caribbean Journal's free newsletter for a daily dose of beaches, hotels, rum and the best Caribbean travel information on the net.

No. Thank You