It was a really sturdy March for the Caribbean lodge trade, in response to the latest information from lodge analytics agency STR.
Lodge occupancy was 76.4 % final month, a large 7.3 % soar over March 2023 — a really sturdy signal even in what is mostly one of many strongest months of the 12 months.
Common day by day charges rose by 14.1 % to $455.23 within the area, whereas revenues noticed a whopping 22.4 % enhance in the identical interval, with a median of $347.86, in response to STR.
It’s extra proof of a development that almost all locations are reporting throughout the Caribbean: journey demand continues to be sturdy within the Caribbean, and vacationers hold flocking to the area.
For the 12 months, lodge occupancy is up 4.8 % to 74.3 %, with charges up 11.4 % to $424.20 and revenues rising 16.8 % to $315.08.
STR’s information surveyed 2,100 completely different inns comprising 282,438 rooms within the broader area.
The Caribbean’s sturdy lodge efficiency comes forward of subsequent month’s all-important Caribbean Journey Market convention, the area’s greatest tourism gathering, organized by the Caribbean Lodge and Tourism Affiliation. You could find extra about Market right here.
