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

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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