By the Caribbean Journal staff
Caribbean hotel occupancy was largely flat to start off 2019, according to new data from hotel analytics firm STR.
The region’s occupancy was 68.4 percent in January, meaning a decline of 0.1 percent compared to the same month in 2018.
Average daily rates and revenues rose, however, with the Caribbean’s average daily room rate rising by 5.7 percent to $247.07, and revenue per available room jumping by 5.6 percent to $168.93.
That followed a relatively strong December, when occupancy rose by 2 percent.
STR’s data surveyed 1,969 hotels across the wider Caribbean region comprising 252,234 hotel rooms.