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Caribbean Hotel Occupancy Declines as Room Rates Jump

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Caribbean Photo of the Week: Sunset in Worthing, Barbados

The latest Caribbean Photo of the Week comes from Caribbean Journal reader O’nell Howell, who sent in this stunning shot of sunset on Worthing Beach in Barbados. Have you taken a great photo in the Caribbean? Send it to news@caribjournal.com with CPOTW in the subject line, including your first and last name and the location […]

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Caribbean Hotel Occupancy, Rates Continue to Surge

Caribbean hotel occupancy and daily rates continue to climb, according to the latest data report from hotel analytics firm STR. Caribbean hotel occupancy stood at 59.9 percent in May, a more than 43 percent jump from the same period in 2021. Average daily rates in May were at $262.23, an 18.4 percent jump over May […]

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Caribbean Hotel Outlook Conference Set for March 30

The Caribbean Hotel Outlook virtual conference is free for Caribbean Journal Invest subscribers. To register for the conference, click here. If you’re not a CJI subscriber, click here. A major new virtual conference will look at what’s ahead for the Caribbean hotel industry in 2021. Caribbean Journal Invest’s Caribbean Hotel Outlook will run on March […]

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What the Latest Caribbean Hotel Occupancy Numbers Say

Low hotel occupancy in the Caribbean is not exactly a surprise right now — but the numbers are slowly climbing upward as the region continues to reopen, according to the latest data from hotel analytics firm STR. Caribbean hotel occupancy was 19.8 percent in August, a 68.1 percent decline compared to the same month in […]

Caribbean Hotel Outlook Conference Set for March 30

By Joe Pike, Special Contributor A spokesperson for the Nassau Paradise Island Promotion Board told Caribbean Journal Invest (CJI) on Thursday that the much-anticipated Margaritaville Beach Resort in Nassau, The Bahamas will resume construction on May 11 with plans to open in the summer. The resort, like all Caribbean resorts under construction in March, had […]

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 rates declined by 5.1 percent to $261.53. Revenue per available room saw a 51.5 percent […]

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. For the month, occupancy was down 48.9% year over year to 38.4%, which resulted in […]

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 is important to note that STR is temporarily publishing weekly data for the Caribbean based […]

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, and revenue per available room (RevPAR) dropped 5.1% to US$168.34. Continued supply growth coupled with […]

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 to US$218.82 and a RevPAR jump of 2.8 percent to US$139.45. Those absolute levels in […]

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 month in 2019. That was accompanied by a 1.5 percent decline in average daily rates […]

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 same month in 2018. That was accompanied by average daily rates of $177.84, a 1.9 percent […]