Caribbean Hotel Occupancy Continues to Slide

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After showing positive signs in September, Caribbean hotel occupancy declined again in October, according to the latest report from hotel analytics firm STR.

The Caribbean’s hotel occupancy fell 2.5 percent to 54.7 percent in October, down from the same month in 2015.

Average daily rates fell 3.1 percent to $147.45, while revenue per available room fell 5.5 percent to $80.71 in October.

For the year, hotel occupancy is now down 2 percent to 67.1 percent, with average daily rates down a slight 0.2 percent to $198.62 and RevPar down 2.1 percent to $133.31.

STR’s data surveyed 1,903 hotels comprising 238,902 hotel rooms in the wider Caribbean region.

— Caribbean Journal Staff

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