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caribbean coronavirus hotel

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 decline

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 coronavirus hotel

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 …

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hotel occupancy caribbean

 Caribbean hotel occupancy and average daily rates continued their 2019 slide in November, according to the latest data report from analytics firm STR.  Caribbean regional hotel occupancy stood at 63.4 percent in November, a 2.1 percent compared to the same …

hotel occupancy slow

 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 …

caribbean hotel records

 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 performance cover

 By Rico LouwCJ 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 inventory. …

caribbean hotel records

 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 …

mexico hotel industry

 By the Caribbean Journal staff It was a sluggish second quarter for Mexico’s hotel industry, according to a new report from analytics firm STR. The country’s hotel occupancy was down 3.1 percent year over year to 61.8 percent last month, …

caribbean hotel records

 By the Caribbean Journal staff Caribbean hotel occupancy declined sharply in June, according to the latest numbers from hotel analytics firm STR. The region’s hotels reported occupancy of 61.1 percent last month, a 6.7 percent decline that was the largest …

caribbean hotel records

 By Rico LouwCJ Contributor May marked the Caribbean’s second-straight month with a decline in hotel occupancy levels, and growth in new inventory was the main reason why. However, hotelier pricing confidence has kept overall performance in positive territory. In year-over-year …

caribbean hotel performance cover

 By the Caribbean Journal staff Caribbean hotel occupancy declined for the second straight month in May, albeit at slower pace than the previous month, according to new data from hotel analytics firm STR. Caribbean hotel occupancy was 63.3 percent last …

caribbean hotel records

 By the Caribbean Journal staff The Caribbean’s hotel sector slowed down dramatically last month after a solid first quarter, according to new data from analytics firm STR. The region’s hotel occupancy was 69.8 percent in April, a 4.1 percent decline …

caribbean hotel records

 By the Caribbean Journal staff It’s shaping up to be a good year for the Caribbean hotel industry, thanks to its strongest run of occupancy and revenue growth in years. Caribbean hotel occupancy was up 1.1 percent in March to …

baha mar aerial

 By Rico LouwCJ Contributor The Caribbean hotel industry saw a second consecutive month of strong performance growth in February, according to data from STR. In year-over-year comparisons with February 2018, revenue per available room (RevPAR) jumped 8.0%, due to a …

caribbean hotel records

 By the Caribbean Journal staff After a year of struggle in 2018, the Caribbean’s hotel industry is seeing continued momentum in 2019, according to the latest data fro analytics firm STR. The region’s hotel occupancy was 74.4 percent in February, …

caribbean occupancy flat

 By the Caribbean Journal staff Caribbean hotel occupancy was largely flat to start off 2019, according to new data from hotel analytics firm STR. The region’s occupancy was 68.4 percent in January, meaning a decline of 0.1 percent compared to …

caribbean upbeat tourism

 By Dana NilandCJ Contributor Caribbean tourism officials are “upbeat” about prospects for 2019, and expect another year of positive growth bolstered by increased airlift, improved sales, ongoing investments in hotel upgrades and refurbishments, and new properties coming on stream. Speaking …