A Very Strong Month for the Caribbean Hotel Sector

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By the Caribbean Journal staff

Caribbean hotels posted strong growth in September, according to the latest report from hotel analytics firm STR.

The region’s hotel occupancy was 54.4 percent last month, a 6.4 percent year-over-year improvement over the same month in 2014.

It was also the highest year-over-year monthly improvement for the region of any month all year.

In the same period, the region’s average daily rate rose 3.7 percent to $154.57, with revenue per available room rising 10.3 percent to $84.07.

For the year, Caribbean hotel occupancy is up 2.9 percent compared to the first nine months of 2014.

— CJ

 

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