A Very Strong Month for the Caribbean Hotel Sector

By: - October 25th, 2015

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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