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Why Residential Resorts Could Boom in the Caribbean
By Joe Pike and Alexander Britell When travel fully resumes either during or following the coronavirus (COVID-19) pandemic, experts are predicting a residential resort investment spike in Caribbean destinations that can offer both low density properties and seclusion. Caribbean Journal […]
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STR: Caribbean Occupancy Down 48.9 Percent in March
Hotel analytics firm STR has released the latest numbers for the Caribbean hotel industry in March, and they’re about what you would expect. Hotel occupancy in the Caribbean declined by 48.9 percent in March to 39.4 percent, while average daily […]
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How Coronavirus Is Affecting Caribbean Hotel Projects
By Joe Pike, Special Contributor More than 130 hotel projects have been delayed in the Caribbean due to the ongoing coronavirus (COVID-19) pandemic, said Frank Comito, CEO and director general of the Caribbean Hotel and Tourism Association (CHTA). Comito, who […]
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St Kitts’ Ocean Terrace Inn Closes Permanently
In the first major casualty of the Caribbean hotel industry due to the novel coronavirus, St Kitts’ Ocean Terrace Inn has announced its permanent closure, Caribbean Journal Invest has learned. In a letter by Ocean Terrace Inn Chairman Earle A. […]