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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 …
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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 Louw CJ 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 …
Caribbean Hotels Gaining Momentum
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 Hotel Occupancy Flat to Start 2019
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 …
The Cayman Islands Has the Caribbean’s Hottest 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 Hotel Sector Builds 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 …
A Flat Month for Caribbean Hotels
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 …
The Bahamas Is Leading the Caribbean Hotel Sector Right Now
By Rico Louw CJ 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 …
A Sluggish Month for the Caribbean Hotel Industry
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 Pacing Caribbean Hotel Industry
By Rico Louw CJ 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 …
CHTA President: Caribbean Missing Huge Tourism Opportunity
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 …
Caribbean Hotels See a Rebound
By the Caribbean Journal staff The Caribbean’s hotel industry saw a strong rebound in September, according to the latest data from hotel analytics firm STR. Caribbean hotel occupancy was 48.8 percent in September, a 6.9 percent increase over the same …
Caribbean Hotel Occupancy Shows Decline
By the Caribbean Journal staff It was a sluggish month for Caribbean hotels in July, according to the latest report from hotel analytics firm STR. The region’s hotel occupancy declined by 3.8 percent year over year to 69 percent, the …
Caribbean Hotel Performance Improves
By Rico Louw CJ Contributor June was just the second month in 2018 with growth across the Caribbean hotel industry’s three key performance indicators (KPIs). Occupancy rose slightly (+0.2%) for the third month in a row. Average daily rate and …
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