American Airlines has officially launched new nonstop service between Miami and Bimini, adding a new airlift option to one of the closest Caribbean destinations to the United States. The first Miami-Bimini flight touched down in South Bimini Airport on Saturday, and is operating three times per week, with flights on Mondays, Wednesdays and Saturdays. Even […]
The Caribbean hotel industry reached its highest levels ever in average daily rate (ADR) and revenue per available room (RevPAR), according to 2019 data from STR. For the year, the region posted a year-over-year ADR increase of 5.6 percent to US$218.82 and a RevPAR jump of 2.8 percent to US$139.45. Those absolute levels in […]
With one month of data remaining to process, the Caribbean’s hotel industry has a shot to reach its highest levels ever in average daily rate (ADR) and revenue per available room (RevPAR). Year to date through November, the region posted a year-over-year ADR increase of 6.1% to US$213.65 and a RevPAR jump of 3.0% […]
It was bound to happen. After six straight months of occupancy declines in the Caribbean, the region’s hotel room rates were down in year-over-year comparisons for the first time in 2019. Compared with September 2018, Caribbean hotel occupancy dropped 6.2 percent as supply jumped 3.3 percent and demand fell 3.1 percent, which was likely […]
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