Caribbean Occupancy Continues 2018 Decline

caribbean sluggish month

By the Caribbean Journal staff

Caribbean hotel occupancy continued its decline in May, according to the latest report from analytics firm STR.

The region’s occupancy was 64.4 percent in May, a 0.9 percent drop compared to the same period in 2017.

The Caribbean’s average daily room rate rose by 1.5 percent, however, to $180.37, while revenue per available room rose slightly to $116.12.

For the year, Caribbean hotel occupancy is at 70.7 percent, a 1.3 percent decline over the first five months of 2017.

STR’s data surveyed 1,965 hotels comprising 250,827 rooms in the wider Caribbean region.

— CJ