News

How Caribbean Hotels Fared in 2015

By: Caribbean Journal Staff - January 24, 2016

How did the Caribbean hotel sector fare last year?

Hotel analytics firm STR has released its final numbers for 2015, and the results were, well, mixed.

Hotel occupancy growth slowed in 2015, with 1.4 percent growth to 68.8 for the calendar year (occupancy had grown by 2.3 percent in 2014).

Growth in average daily rates and RevPar were strong but also slower than the previous year.

Average daily rates for the region finished 2015 up 4.6 percent to $229.44, while RevPar grew by 6 percent to $157.74. (Daily rates and RevPar had grown by 7.4 percent and 9.8 percent, respectively, in 2014).

For the month of December, occupancy fell by 1 percent year over year, while daily rates rose 5 percent to $304.34 and RevPar rose 3.9 percent to $206.31.

STR’s data covered 1,923 hotels comprising 230,831 rooms in the greater Caribbean region.

Popular Posts

A.R. Carnegie, 74, Caribbean Legal Legend

A Caribbean Journal Editorial He was never a judge, never a Queen’s Counsel. His robes were never silk. But A. Ralph Carnegie was a Caribbean John Marshall if there ever was one. Ralph Carnegie, A.R. in scholarly texts, passed away […]


Robinson: Manatt Approached Government

Lackston Robinson, Jamaica’s Deputy Solicitor General, testified that it was the law firm Manatt, Phelps and Phillips, and not the Jamaican Government/Jamaica Labour Party, that made the first move to solicit a contract to lobby the White House, he told […]


IMF Back in Antigua on Performance Review

The International Monetary Fund has sent a team to Antigua for a third review of the nation’s performance on a stand-by arrangement with the IMF. According to the Ministry of Finance, the IMF team began the review Monday and will […]


Related Posts sandals st vincent with mountain in background

Sandals' New Caribbean All-Inclusive Will Have Overwater Villas

Sandals Resorts International is opening its newest Sandals in the Caribbean next year, with the debut of the new Sandals St Vincent. St Vincent and the Grenadines will be Sandals’ ninth destination in the Caribbean; the property will be the […]


The Bahamas and Qatar Just Signed an Air Services Agreement

bahamas qatar

The Bahamas has signed an air services agreement with the government of Qatar. Bahamas Deputy Prime Minister and Minister of Tourism Chester Cooper and Minister of Transport Jassim Saif Ahmed Al-Sulaiti signed the agreement, part of a broader plan for […]


Four Seasons Yachts Will Launch in the Caribbean

four seasons yachts

Following the debut of Ritz-Carlton’s new luxury cruise line, Four Seasons is set to launch its own boutique line, one that will begin operations in the Caribbean. Four Seasons Yachts will kick off its inaugural season in 2025-2026 with winter […]


SUBSCRIBE!

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