Caribbean Hotel Occupancy Shows Slight Drop

By: - September 22nd, 2015

Slight drop after 15 months

By the Caribbean Journal staff

Caribbean hotel occupancy dropped last month for the first time since April 2014.

The region’s hotel industry ended a streak of 15 months of consecutive positive year-over-year increases in hotel occupancy in August, with a drop of 0.4 percent to 68.1 percent, according to the latest report from STR Inc.

The region’s average daily rate rose, however, increasing to $193.70, a jump of 5.2 percent, last month.

RevPAR, or revenue per available room, rose 4.8 percent to $131.95.

For the year to date, Caribbean hotel occupancy stands at 73 percent, an increase of 2.7 percent over the first eight months of 2014.

STR Inc.’s reports surveyed 1,917 hotels comprising 230,077 rooms in the wider Caribbean region.

News

This High-Design Inn is Coming to Puerto Rico

A new project in Puerto Rico By Dana Niland CJ Contributor A new inn has broken ground in Puerto Rico, the Puerto Rico Tourism Company announced this week. The new project is called Rincon Ojo de Agua, a 16-room project that will be located in the area of Rincon on the west coast of the […]

News

Barbados Gets $10 Million Loan for Job Creation

A new loan from IDB By Dana Niland CJ Contributor The Inter-American Development Bank has approved a $10 million loan in an initiative to reduce poverty and create jobs in Barbados. The program aims to alleviate the country’s poverty and unemployment rates through a program comprised of three components. Firstly, the program will work to […]

News

Caribbean Airlines Expands Trinidad-Nassau Service

Expansion in flights By the Caribbean Journal staff Caribbean Airlines has increased its flight service between Trinidad and Nassau, the company announced. The Port-of-Spain-Nassau flights will operate three times per week on Tuesdays, Fridays and Sundays as flight BW 414. The expanded service launched last week. “The Bahamas welcomes Caribbean Airlines increased service to Nassau,” […]

What’s Next for Palace Resorts in the Caribbean?

 A resort company grows By Guy Britton MONTEGO BAY — It’s been around for 30 years, but Palace Resorts did something momentous earlier this year: it opened its first Caribbean hotel outside of Mexico. Now, the company continues to expand as it works through a rapidly evolving industry. So what’s on the agenda for the […]

A New $30 Million Hotel Project in San Juan’s Condado District

 A major new hotel development By the Caribbean Journal staff A major new hotel project will soon launch in the Condado district of Puerto Rico’s capital, San Juan. The project began in earnest with the recent demolition of buildings 880 and 884 on Ashford Avenue. It will include approximately $30 million in investment in various […]

Expedia and the Caribbean

 A resort company grows By Guy Britton MONTEGO BAY — It’s been around for 30 years, but Palace Resorts did something momentous earlier this year: it opened its first Caribbean hotel outside of Mexico. Now, the company continues to expand as it works through a rapidly evolving industry. So what’s on the agenda for the […]

Seaborne Relaunching Daily Flights to Dominica

 More carriers restarting service By the Caribbean Journal staff Regional airline Seaborne is relaunching service to storm-ravaged Dominica on Wednesday, the company announced. The daily flights will depart from Dominica each morning at 7 AM, with flights from San Juan to Dominica at 3:25 PM. Seaborne had canceled all flights to Dominica after damage to […]