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STR: How Coronavirus Has Impacted Caribbean Hotel Performance
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 …
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 …
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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 …
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 …
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 …
Supply Growth Pressuring Caribbean Hotel Performance
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-Mexico Hotel Construction Keeps Booming
By the Caribbean Journal staff Hotel construction in the Caribbean-Mexico region continues to boom, according to the latest numbers from analytics firm STR. The latest pipeline data for the Caribbean-Mexico region showed 31,968 rooms in construction across 155 projects in …
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 …
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 largest …
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 last …
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 decline …
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 to …
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 …
