STR: Caribbean Hotels Gaining Momentum

By: Caribbean Journal Staff - February 23, 2025 - 6:51 pm

It was a strong start to 2025 for the Caribbean hotel industry, with growth in hotel occupancy, daily rates and revenues, according to new data from analytics firm STR.

Caribbean hotel occupancy was 72.9 percent in January, up 2.2 percent compared to the same period in 2024, while average daily rates were up 3.8 percent to $404.08.

Revenue per available room was up by 6.1 percent in January, with an average of $294.39, according to the report.

That continued the momentum from December, when the region’s hotels posted a 1.9 percent increase in occupancy after months of decline.

STR’s data surveyed 2,142 properties comprising some 286,608 rooms in the wider Caribbean region.

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