… of defaulted bonds issued by Puerto Rico would resume in 2020 after … to drive overall restructuring outcomes.”
Puerto Rico’s federally created financial oversight …

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Dominica is “open for business” following the island’s recent general elections, the Discover Dominica Authority said in a statement. 

Leading up to the elections, there had been pockets of what officials called “civil disobedience” on the island, focused in the villages of Marigot and Salisbury. 

“These disturbances resulted in some road blockages, which caused delays and inconveniences for people traveling to the airport,” the DDA said.

While the island’s airport remained open, cruise calls through Dec. 8 had been canceled, before resuming with a visit by MV Marella Celebration on Dec. 9. 

“Dominica reaffirms that it is open to conduct business and we welcome all our visitors to enjoy all that the nature island has to offer,” the DDA said. 

Silver Airways has also relaunched normal schedules to Dominica out of its hub in San Juan. 

— CJ

The post Dominica “Open for Business” Following Elections appeared first on Caribbean Journal.

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A new hotel is coming to the heart of Cancun’s famous hotel zone next year, Caribbean Journal has learned. 

The new Royal Uno All-Inclusive Resort and Spa, is the latest property from top resort company Royal Resorts. 

Royal Uno, which will make its official debut in December 2020, will be the product of a multimillion-dollar transformation of the former Royal Caribbean resort. 

“We are delighted to introduce a new standard in hospitality with Royal Uno’s authentic Cancún experience for all travelers seeking endless vacation fun, signature dining and five-star amenities,” said Javier Vales, Chief Operating Officer at Royal Resorts. “Cancún is certainly a proven desirable destination and we are looking forward to welcoming guests with our warm approach to hospitality and activities tailored for all ages. It is our mission to give visitors a true sense of place here at Royal Uno.”

The new resort will feature a mix of 540 rooms and suites, with the latter split among both one and two-bedroom suites. 

All of the rooms at the “all-new resort” will include private terraces or balconies, smart TVs, Wi-Fi, bluetooth speakers and minibars, among other amenities. 

Also on hand will be 13 ground-floor beachfront suites, all of which will have plunge pools. 

Eateries will include five different dining concepts: an international restaurant, Mexican, Italian and Asian eateries, a cafe and a “grab-and-go” counter. 

There will be two pools, along with a children’s pool with a water play area, a spa, a swim-up bar, a beach bar and a kids’ club. 

Royal Resorts operates a portfolio of hotels and resorts across the Mexican Caribbean, in Cancun, the Riviera Maya and Puerto Morelos. 

The company is perhaps best known for its Grand Residences Riviera Cancun in Puerto Morelos, one of the most celebrated resorts in the Mexican Caribbean. 

For more, visit the Royal Uno. 

— CJ

The post Cancun Is Getting a New All-Inclusive From Royal Resorts appeared first on Caribbean Journal.

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Popular in San Juan, Puerto Rico, is facing pressure from an …

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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 percent. Regardless, revenue per available room (RevPAR) was down 4.9 percent. While supply growth of 3.2 percent played a role in that performance equation, we found a 2.2 percent decrease in demand to be especially noteworthy. That dip in rooms sold was still likely reflective of the perception impact caused by Hurricane Dorian. 

The last few months aside, absolute values show that the Caribbean is still on track for a record-breaking year for ADR and RevPAR. Through the first 10 months of the year overall, the region has reported average daily rates at US$217.00 and RevPAR of US$137.83.   

On the islands where STR maintains a sufficient reporting sample, the U.S. Virgin Islands experienced the highest rise in October occupancy (+25.9%), but the steepest decrease in averatge daily rates (-20.2% to US$154.36). St. Lucia posted the largest increase in ADR (+16.0%), which pushed the highest jump in RevPAR (+27.4%).

The ABC Islands of the Dutch Caribbean (Aruba, Bonaire and Curaçao) have performed exceptionally well, with ADR at US$222 and occupancy at 65.5 percent for October 2019. 

Puerto Rico saw a 0.7% decline in occupancy but an increase in both ADR (+1.8%) and RevPAR (+1.1%). 

When looking at the pipeline, there are currently 60 hotels accounting for 14,506 rooms in construction in the Caribbean. The Dominican Republic leads in construction activity with 5,738 rooms being built. 

Rico Louw is the Client Account Manager at STR. He can be reached at rlouw@str.com.

— CJ

The post Caribbean Hotel Rates Climb Back Up — Slightly appeared first on Caribbean Journal.

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