The Story from the Latest Caribbean Hotel Data: Occupancy Lower, Rates Up Slightly 

Caribbean hotel occupancy is declining. We won’t sugarcoat it (although it’s far more market-dependent, with many islands actually seeing climbs). But overall, region-wide, it’s down. That’s the story from the latest data from STR. 

Occupancy in May was 61.7 percent in May, a 5.3 percent reduction compared to May 2024. 

Average daily rates rose 0.3 percent, although that was far lower than the 6.4 percent year-over-year increase in April. 

Revenues were down 5 percent, after climbing 1.5 percent the previous month. 

For the year, hotel occupancy has declined by 3.4 percent compared to the first five months of 2024, while rates are up 0.6 percent and revenues are down 5 percent. 

In other words, it’s a mixed bag for the Caribbean right now — and it means that the region will have to do more to draw in new travelers — strategic, targeted marketing. The success of many destinations within the region, bucking these trends, proves that. 

Let’s see how the rest of the first half plays out.