News
STR: How Coronavirus Has Impacted Caribbean Hotel Performance
Amid the coronavirus (COVID-19) pandemic, Caribbean hotels showed double-digit performance declines during the weeks ending with March 14 and March 21 2020, according to preliminary weekly data from STR. Before we get into the details of that impact, it […]
Caribbean Hotels Open 2020 With Declines
Caribbean hotels opened 2020 with the region’s lowest January occupancy level since 2011, according to data from STR. For the month, occupancy was down 3.7% year over year to 66.5%. Average daily rate (ADR) also fell 1.5% to US$253.09, […]
Caribbean Hotel Industry Just Set New Records: Report
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 […]
News
Caribbean Hotel Industry Could Set New Highs
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 […]
Caribbean Hotel Room Rates Are Getting Lower
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 […]
