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Another Month of Growth for Caribbean Hotels
Bahamas Leading Caribbean Hotel Surge
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 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 February, …
Caribbean Hotel Occupancy Flat to Start 2019
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 …
LATEST NEWS
The Cayman Islands Has the Caribbean’s Hottest Hotel Sector
By Rico Louw Is the Cayman Islands the hottest hotel market in the Caribbean? The Cayman Islands experienced the largest rises in the Caribbean in each of the three key performance metrics in 2018, according to data from islands where …
Caribbean Hotel Sector Builds Momentum
By the Caribbean Journal staff Caribbean hotels managed to build some strong momentum to close out 2018, according to the latest data from analytics firm STR. The region’s hotel occupancy stood at 63.7 percent last month, a 1.7 percent increase …
A Flat Month for Caribbean Hotels
By the Caribbean Journal staff It was a month of flat growth for the Caribbean’s hotel sector, according to the latest data from analytic firm STR provided to Caribbean Journal. The region’s hotel occupancy was up 0.1 percent in November …
The Bahamas Is Leading the Caribbean Hotel Sector Right Now
By Rico LouwCJ Contributor The Bahamas’ hotel market is surging — and vastly outperforming the rest of the region right now, according to data from analytics firm STR. In a sluggish month for hotels Caribbean-wide, The Bahamas was the only …
A Sluggish Month for the Caribbean Hotel Industry
By the Caribbean Journal staff It was a sluggish month for the Caribbean’s hotel industry in October, according to the latest data from analytics firm STR. The region posted its largest year-over-year decline in occupancy of 2018, with a 9.2 …
Turks and Caicos Pacing Caribbean Hotel Industry
By Rico LouwCJ Contributor Caribbean hotels reported double-digit performance growth as demand rose well above the levels seen during a hurricane-ravaged September in 2017, according to new data from STR. In year-over-year comparisons, occupancy was up 6.9%, and average daily …
CHTA President: Caribbean Missing Huge Tourism Opportunity
By the Caribbean Journal staff The Caribbean is missing a huge opportunity to reap the economic benefits of tourism, Caribbean Hotel and Tourism Association President Frank Comito said this week. Empty hotel rooms are costing the region billions of dollars …
Caribbean Hotels See a Rebound
By the Caribbean Journal staff The Caribbean’s hotel industry saw a strong rebound in September, according to the latest data from hotel analytics firm STR. Caribbean hotel occupancy was 48.8 percent in September, a 6.9 percent increase over the same …
Caribbean Hotel Occupancy Shows Decline
By the Caribbean Journal staff It was a sluggish month for Caribbean hotels in July, according to the latest report from hotel analytics firm STR. The region’s hotel occupancy declined by 3.8 percent year over year to 69 percent, the …
Caribbean Hotel Performance Improves
By Rico LouwCJ Contributor June was just the second month in 2018 with growth across the Caribbean hotel industry’s three key performance indicators (KPIs). Occupancy rose slightly (+0.2%) for the third month in a row. Average daily rate and revenue …
Curaçao Hotels Showing Strong Growth
By the Caribbean Journal staff Hotels in Curaçao are having a strong year, according to the latest numbers from STR and the Curacao Hotel and Tourism Association. The Dutch Caribbean island’s hotel occupancy was 75.6 percent in June, up 12.8 …
Signs of Improvement for Caribbean Hotel Industry
By Fatima ThompsonCJ Contributor May produced positive overall performance results for hotels in the Caribbean thanks to just the second room-rate increase of 2018. Occupancy was down (-0.9%) for the seventh month in a row even with lower room inventory …
Caribbean Occupancy Continues 2018 Decline
By the Caribbean Journal staff Caribbean hotel occupancy continued its decline in May, according to the latest report from analytics firm STR. The region’s occupancy was 64.4 percent in May, a 0.9 percent drop compared to the same period in …
Caribbean Occupancy Sees Decline
By the Caribbean Journal staff Caribbean hotel occupancy continued its 2018 decline in March, according to the latest data from hotel analytics firm STR. The region’s hotels reported occupancy of 73.9 percent, a 2.2 percent decline compared to March of …
STR: Caribbean Occupancy Declines Again
By the Caribbean Journal staff It’s been a sluggish start for the region’s hotel sector in 2018, with occupancy declining again in February, according to new data released this week by hotel analytics firm STR. The Caribbean’s hotel occupancy saw …
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