News

Cayman Islands, Trinidad Seeing Hotel Occupancy Surge

By: Caribbean Journal Staff - February 28, 2018

By Fatima Thompson

The first month of the year is usually the start of the high performance season in the Caribbean, but hotel figures came in at their lowest January level in years, according to the latest data from STR.

Occupancy was nearly flat (-0.6%) compared with last January, but the absolute level (68.5%) was the lowest for the month since 2011. Even as supply growth has tapered, this was the Caribbean’s third consecutive month of year-over-year occupancy declines. At the same time, a 2.2% drop in average daily rate (ADR) was the largest for any January since 2009, and the absolute level ($232.01) was the lowest for the month since 2014. As a result, revenue per available room (RevPAR) dipped 2.8% to its lowest absolute level for a January ($158.91) since 2013.

Bucking the trend was the Cayman Islands, which experienced the largest increase in ADR (+18.8%) and the second-largest increase in occupancy (+14.8%), while Trinidad and Tobago showed the only other double-digit rise in occupancy (+12.5%).

When examining performance of the islands where STR maintains a sufficient reporting sample, we saw that Puerto Rico experienced the strongest increase in occupancy (+18.0% to 76.5%) and the second-largest increase in RevPAR (+30.7% to $169.84).

A sizable decline in supply (-10.0%) helped lift that performance, but the numbers are still attributable to post-storm demand from residents who have been displaced from their homes and are receiving refuge in hotels, along with workers and relief companies on the island working to rebuild the infrastructure.

The message has remained consistent that the Caribbean is open for business following a devastating hurricane season. The region’s hotels are no doubt hoping for better performance, especially with peak season on the books.

Fatima Thompson is the Associate Director of Business Development, Hotels, Caribbean & Mexico for STR.

For questions regarding hotel data reporting in the Caribbean, please contact Fatima at fatima@str.com.


Popular Posts

The 10 Best Overwater Bungalows in the Caribbean, From Aruba to Belize

Overwater villas at Caribbean resorts aren’t just a novelty — they’re also among the most luxurious and beautiful accommodations you can stay in. And while all of the bungalows perched above the waves have their charms, some stand out among […]


United Airlines Is Launching New Nonstop Flights to Belize

river in belize

The river lodges. The blue hole. The Maya history. The reefs. If you haven’t been to Belize, you’re missing one of the Caribbean’s most beautiful, adventure-filled destinations.  And now with another new flight, it’s easier to get there than ever […]


A Tiny New Boutique Hotel Just Opened on a Pink Sand Beach in The Bahamas 

potlatch club pink sand with blue water

The pink sand, the historic cottages, the chic beach bars and luxe villas. You may be thinking of Harbour Island.  But this is another increasingly hip destination in The Bahamas: Governor’s Harbour, Eleuthera, which just welcomed a brand-new boutique hotel.  […]


Related Posts bonaire beach with cliffs

Bonaire Tourism Numbers Keep Climbing

It was another positive tourism month for the Dutch Caribbean island of Bonaire in June, according to new data provided to Caribbean Journal. Last month, 12,117 stayover visitors came to Bonaire, a 5.4 percent increase compared to the same period […]


Four Seasons Has a New Caribbean Residential Resort Project

four seasons residential condos

The Caribbean has become a hotbed for residential resort activity, with branded residences surging in popularity. That includes Four Seasons, which has a growing portfolio of branded residences in development from Belize to Cartagena to The Bahamas. Now, another Four […]


BWH Just Opened a New Boutique Hotel in Aruba

aruba hotel pool

BWH Hotels has added a new hotel in Aruba, with the debut of the new Aruba Boutique and Art Hotel, Caribbean Journal has learned.  The newest boutique hotel in the Caribbean is part of the BW Signature Collection portfolio. The […]


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