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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. …

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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 …

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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 …

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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 decline hotel occupancy cover

 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 …

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 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 decline hotel occupancy cover

 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 decline hotel occupancy cover

 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 …

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 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 …

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 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 …

cayman islands caribbean 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 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 …

caribbean decline hotel occupancy cover

 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 …

bahamas caribbean leading

 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 …

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 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 Caribbean 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 …

caribbean decline hotel occupancy cover

 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 …

 

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