Caribbean Hotel Rooms Are Filling Up, Following a Strong Finish to 2024

After five months of decline, Caribbean hotel occupancy finished strong at the end of 2024, according to new data from analytics firm STR. 

The region’s hotels were 69.3 percent full in December, a 1.9 percent jump over the same period in 2023. 

That helped move the needle for the calendar year to an 0.8 percent improvement over the previous year. 

That was the sense we got from hotels and destinations across the region — that December was unusually strong and a very positive harbinger for 2025. 

That included record-breaking days for several destinations in the Caribbean last month in air arrivals, including Barbados and Antigua and Barbuda, whose main airport set a single-day high.

Overall, hotel occupancy was 66.6 percent in 2024, with average daily rates up 4.2 percent to $437.02 region-wide, and revenues up 6.3 percent to $302.76. 

STR’s data surveyed 2,140 hotel properties comprising some 286,030 rooms in the broader Caribbean.