Caribbean Hotel Occupancy Stabilizing

caribbean hotels momentum

By the Caribbean Journal staff

The post-hurricane decline in Caribbean hotel occupancy slowed significantly last month, a sign that the region’s industry is stabilizing, according to the latest data from hotel analytics specialist STR.

Regional hotel occupancy was down just 0.6 percent in January compared to the same month in 2017, following significant declines in November and December.

The region’s average daily rates were down by 2.2 percent to $232.01, while revenue per available room was down by 2.8 percent to $158.91.

STR’s data surveyed 1,951 hotels in the wider Caribbean region comprising 251,595 rooms.