Caribbean Hotel Occupancy Rises For 11th Straight Month
By the Caribbean Journal staff
Caribbean hotel occupancy continues to climb, according to the latest monthly report from STR Inc.
The region’s hotel occupancy stood at 79.4 percent in March, up 1.3 percent from the same month in 2014.
The Caribbean’s average daily hotel rate rose to $248.37, with RevPar, or revenue per available room, rising 2.2 percent to $197.20.
For the year, Caribbean hotel occupancy was at 77.8 percent at the end of march, up 2.2 percent from the first quarter of 2014.
STR’s data surveyed 1,921 hotels in the wider region comprising 229,046 rooms.