By the Caribbean Journal staff
Caribbean hotel occupancy declined for the fourth straight month in July, according to new data from hotel analytics firm STR.
The region’s hotels reported 64.7 percent occupancy, a 6.5 percent decline compared to the same month in 2018.
Average daily rates rose by 4.8 percent in the period fo $205.45, while revenue per available room fell by 2.1 percent to $132.93.
For the year, Caribbean hotel occupancy has declined by 2.2 percent to 68.3 percent through the first seven months of 2019.
Average daily rates are up 8.6 percent to $235.20, while revenue per available room is up by 6.2 percent to $160.63 on the year.
STR’s data surveyed 1,957 hotels comprising 255,262 hotels in the wider Caribbean region.