Caribbean Hotel Occupancy Declines as Room Rates Jump
It was another mixed bag for Caribbean hotels last month, according to the newest data from analytics firm STR.
Hotel occupancy in April was 69 percent in the Caribbean, a 3.9 percent decline compared to the same month in 2024.
In the same period, though, hotel rates rose by 11.2 percent to $394.71, and revenue per available room surged by 6.9 percent to $272.43.
Overall, regional hotel revenues rose by 7.5 percent in the same period.
STR’s data was the result of surveying 2,148 hotel properties across the broader region, comprising 285,758 rooms.
It’s hard to paint the region’s hotel sector with a broad stroke right now; rates climbed last month, but we’ve also heard from many tourism officials and hoteliers that they see prices declining as well.
Much of that is island and tourism-market dependent.
