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What the Latest Caribbean Hotel Occupancy Numbers Say
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Bahamas’ Margaritaville Resort Project Relaunching Construction
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 …
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. …
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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 …
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 …
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 …
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, …
