Log In

Reset Password
BERMUDA | RSS PODCAST

Caribbean hotel occupancy soars 6.6 percent

Caribbean hotel occupancy jumped 6.6 percent in May, the highest year-over-year rise of any month so far in 2013, according to a new report from STR Global.

After a sluggish April, occupancy in May stood at 64.4 percent, up from 60.4 percent in May 2012, while revenue per available room saw an 8.3 percent increase to $103.66.

The average daily rate also rose 1.6 percent over May 2012 after contracting by 1.4 percent in April.

Total Caribbean hotel revenue was up 8.5 percent year over year to a total of $926.5 million.

As a point of comparison, hotel occupancy in the region was up 12 percent compared to May 2011, and 16 percent over May 2010, the Caribbean Journal reported.

For the year, Caribbean hotel occupancy is up 3.8 percent compared to the first five months of 2012, while RevPAR is up 10.2 percent and average daily rates are up by 6.2 percent.

The average daily rate is at $149.69 for 2013.

STR’s data covered Caribbean hotels through the end of May.

Sandals Royal Caribbean Resort in Montego Bay, Jamaica

You must be Registered or to post comment or to vote.

Published June 26, 2013 at 12:43 pm (Updated June 26, 2013 at 12:42 pm)

Caribbean hotel occupancy soars 6.6 percent

What you
Need to
Know
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon