Lodge charges and revenues proceed to climb within the Caribbean, in accordance with a brand new report from lodge analytics from STR, which covers the worldwide business.
Regional lodge occupancy can be as much as begin the yr, with a 3.6 % improve over the primary two months of 2023 — and a really spectacular variety of 73.2 %.
So how are lodge costs? Caribbean-wide, the typical day by day price stands at $407.55 proper now, a 9.9 % leap in comparison with January and February of final yr.
Lodge revenues are additionally climbing significantly, with common income per accessible room at $298.40, up 13.8 % to date this yr in comparison with 2023.
They’re all sturdy indicators of the resilience of the business, which has largely outperformed most tourism locations around the globe.
STR’s information checked out 2,092 lodges within the broader Caribbean Basin, comprising 281,131 rooms, the corporate informed Caribbean Journal.
Certainly, Caribbean tourism continues to carry out very effectively, a pattern that’s touching nearly each vacation spot within the wider area, in accordance with a current report from Caribbean Tourism Group.
