the blue pool at the s hotel with red umbrellas next to palm trees — The pool at the S Hotel in Montego Bay.

News

Caribbean Hotels Off to Strong Start in 2024

By: Caribbean Journal Staff - February 20, 2024 - 4:59 pm

The Caribbean’s hotel sector is off to a strong start so far in 2024, according to new data provided to Caribbean Journal by hotel analytics firm STR.

The region’s hotel occupancy as 70.6 percent last month, representing a 3.6 percent increase over the first month of 2023.

Average daily rates posted a 7.6 percent increase, rising to $392.09 in January, while revenue per available room jumped by 11.5 percent to $276.97, another strong indicator for the region’s hotels.

st croix hotel beach — The beach at the Cottages by the Sea hotel in St Croix.

It’s part of what hoteliers we spoke to consider a positive beginning for 2024, with travelers still flocking to the Caribbean in large numbers.

STR’s hotel data surveyed 2,094 properties comprising more than 281,000 rooms in the wider Caribbean region.

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