Caribbean Hotel Occupancy Decline Slows

caribbean hotel industry sluggish

By the Caribbean Journal staff

After a sizable 3.6 percent decline in hotel occupancy in the Caribbean last month, the region’s hotels saw improvement last month, according to the latest data from hotel analytics firm STR.

Occupancy fell by just 0.4 percent, the smallest year-over-year drop since May, according to the report.

Average daily rates rose by 4.8 percent in the same period, while revenue per available room actually rose by 4.3 percent to $119.04, according to STR.

The region has still not posted a positive increase in hotel occupancy any month this year, however, with August the Caribbean’s 10th consecutive month with either no increase or a reduction in occupancy.

For the year, Caribbean hotel occupancy is down 1.3 percent to 69.1 percent.

STR’s data surveyed 1,962 hotels comprising 251,565 rooms across the wider Caribbean region.

—CJ

 

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