Search Result for: caribbean hotel
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How Citizenship by Investment Is Fueling Caribbean Hotel and Real Estate Development
By Joe Pike, Special Contributor Citizenship by investment programs, which confer citizenship for buyers who meet a certain investment threshold, have been quietly fueling a surge in resort and real estate developments across the Caribbean. At the forefront of that […]
STR: March Data Shows Extent of Pandemic’s Impact on Caribbean Hotels
By Rico Louw Client Account Manager, STR HENDERSONVILLE, Tennessee—Showing the harsh impact of COVID-19 travel limitations and mitigation efforts, Caribbean hotels reported double-digit declines in occupancy and revenue per available room (RevPAR) during March, according to data from STR. […]
CHTA Urging Tour Operators to Pay Caribbean Hotels
Citing the pressures facing Caribbean hotels and resorts because of the coronavirus pandemic, the head of the Caribbean Hotel and Tourism Association is calling on international tour operators that have delayed paying hotels for services delivered to the operators’ clients […]
JLL Hotels’ Andrew Dickey on the State of the Caribbean Hotel Market
What’s the state of the Caribbean hotel market in the age of the pandemic? To learn more, Caribbean Journal Invest caught up with Andrew Dickey, Executive Vice President at JLL Hotels and Hospitality in Miami. Here’s what he had to […]
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 […]
CBRE’s Paul Weimer on What’s Next for the Caribbean Hotel Market
It’s a time of unease and uncertainty in the Caribbean tourism industry — particularly in the hotel development market. To learn more about how coronavirus is impacting the hotel industry in the region, Caribbean Journal Invest talked to Paul Weimer, Senior […]
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, […]
Sluggish Start for Caribbean Hotel Industry in 2020
It was a sluggish start for the Caribbean’s hotel industry in January, according to new data from hotel benchmarking firm STR. The region’s hotel occupancy was 66.5 percent in January, which represented a 3.7 percent decline compared to the same […]
Dominican Republic, Cuba Leading Caribbean Hotel Boom
Sometimes it seems as if there’s a new hotel project launching in the Caribbean every week. And that’s because the Caribbean continues to see rapid growth in hotel development, led by the region’s traditional trio of high-volume travel destinations. […]
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 […]
Grenada’s Leo Garbutt Named CHTA Caribbean Hotelier of the Year
NASSAU — The owner of Grenada’s Calabash Luxury Boutique Hotel has been named Caribbean Hotelier of the Year by the Caribbean Hotel and Tourism Association. Garbutt was awarded in a ceremony during the CHTA’s Caribbean Travel Marketplace event in Nassau, The […]
The Cool List: The Coolest Caribbean Hotels for 2020
The Caribbean’s roster of high-design, forward-thinking, fun-loving hotels continues to grow. Everyone has a different definition of what’s cool — particularly when it comes to hotels. But a cool hotel should have an x-factor, a special quality that turns it into […]
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 […]
Aloft Is Opening Its First Caribbean Hotel in Puerto Rico
A new Aloft-branded hotel is coming to the heart of San Juan, Puerto Rico. The first-ever Aloft in the Caribbean will open its doors Feb. 1, according to the property’s Web site. Marriott’s newest Puerto Rico property will be the […]
Caribbean Hotel Rates Climb Back Up — Slightly
After a September that produced the year’s first decline in average daily rate (ADR), Caribbean hoteliers pushed room-rate comparisons back into positive territory during October 2019. In comparison with last October, ADR rose 0.4 percent even as occupancy fell 5.2 […]
A Slow Month for Caribbean Hotels
October was a particularly slow month for Caribbean hotels, according to the latest hotel report from analytics firm STR. While October is typically the slowest month of the year for the region, occupancy was lower compared to October 2018. The […]
Dominican Republic, Jamaica, Lead Caribbean Hotel Growth
Hotel construction continues to grow in the wider Caribbean-Mexico region, according to a newly-released report from hotel analytics firm STR. And that is led by two of the region’s tourism powerhouses: the Dominican Republic and Jamaica. In the Caribbean, the […]
Relais & Chateaux’s Newest Caribbean Hotel Is in Dominica
Relais & Chateaux, the global collection of boutique luxury hotels, has added its newest property in the Caribbean, and it’s a special one: Dominica’s Secret Bay. The boutique luxury eco-resort in northern Dominica is now Relais & Chateaux’s seventh property […]
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 […]
Caribbean Hotel Occupancy Continues Decline
By the Caribbean Journal staff Caribbean hotel occupancy continued to decline in August, according to the newest data report from hotel analytics firm STR. The region’s hotel occupancy was 62.5 percent in August, a 5.6 percent decline compared to the […]
Caribbean Hotel and Tourism Association, Nature Conservancy Partnering
By Dana Niland CJ Contributor The Caribbean Hotel and Tourism Association has teamed up with the Nature Conservancy with the goal of creating a more resilient Caribbean. The organizations have signed an agreement to protect the environment and promote tourism sustainability. “It’s a […]
Supply Growth Pressuring Caribbean Hotel Performance
By Rico Louw CJ Contributor July marked the Caribbean’s fourth-straight month with a decline in hotel occupancy, and for the second month in a row, we saw a rather steep decline because of lower demand and a rise in new […]
Caribbean Hotel Occupancy Continues Decline
By the Caribbean Journal staff Caribbean hotel occupancy declined for the fourth straight month in July, according to new data from hotel analytics firm STR. The region’s hotels reported 64.7 percent occupancy, a 6.5 percent decline compared to the same […]
Kimpton Is Opening a New Caribbean Hotel in Roatan
By Alexander Britell Kimpton Hotels and Restaurants is expanding again in the Caribbean, Caribbean Journal has learned. The popular upscale hotel brand is planning to open a new boutique resort on Roatan off the Caribbean coast of Honduras. The new […]
In Miami, Caribbean Hotel Investment in the Spotlight
By Alexander Britell and Guy Britton Boldfaced names from across the Caribbean descended upon Miami on Thursday for Bisnow’s third-annual Caribbean Hospitality & Investment Summit. The high-level conference, which took place at the Intercontinental hotel in downtown Miami, brought together […]
From The Bahamas to Barbados, 6 Luxury Caribbean Hotels to Try Now
Luxury means different things to different people. It can be the luxury of design; the luxury of outstanding service; the luxury of exceptional food and drink; and it can be the luxury of extreme tranquility. The many manifestations of luxury […]
A Top Caribbean Hotel Reopens in Dominica
By the Caribbean Journal staff One of the Caribbean’s leading sustainable hotels has officially relaunched in Dominica. The Jungle Bay Eco Villas has been reborn in Soufriere in southern Dominica, an important step for Dominica’s resurgent tourism industry. The popular […]
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