occupancy

Caribbean Hotel Occupancy, Rates Continue to Surge

“Incredibly Promising” Outlook for Puerto Rico Hotel Industry

By Alexander Britell Once again open for tourism, Puerto Rico has shown steady improvement in recent months as air arrivals continue to climb, particularly out of the island’s main gateway in San Juan. This story is part of Caribbean …

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 …

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, …

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 …

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 …

Hotel Occupancy, Rates Continue to Decline in the 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 …

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. …

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 …

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 …

Sluggish Second Quarter for 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 Occupancy Sees Sharp Decline

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 …

Supply Growth Pressures Caribbean Hotel Occupancy

By Rico Louw CJ 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 …

Caribbean Hotel Occupancy Slides

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 …

A Sluggish Month for Caribbean Hotels

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 …

Another Month of Growth for Caribbean Hotels

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 …

Bahamas Leading Caribbean Hotel Surge

By Rico Louw CJ 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 …

Caribbean Hotels Gaining Momentum

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 …