News
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 Louw CJ 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 […]
News
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, […]
News
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 […]