August hotel occupancy up throughout the Caribbean and Bermuda – The Royal Gazette | Bermuda News, Business, Sports, Events, & Community

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August hotel occupancy up throughout the Caribbean and Bermuda

Caribbean Journal is reporting that Bermuda and Caribbean hotel occupancy rebounded in August.

The new numbers follow two straight months of decline, said the online publication, which quotes a new report from STR, trackers of supply and demand data for the hotel industry. Their website states they number “all major international hotel chains and brands” among their clients.

Caribbean Journal said: “The region's hotels saw a 2.3 percent increase in occupancy compared to August 2012, with total occupancy of 66.5 percent.

“It was part of an across-the-board improvement last month; (the) average daily rate rose 4.2 percent to $160.82, while RevPAR (revenue per available room) increased by 6.6 percent to $106.91.

“For the year, Caribbean hotel occupancy is up 2.23 percent compared to the January-August period of 2012.”

STR's data covered 1,878 hotel properties and 222,418 hotel rooms in the Caribbean region, which includes Bermuda

The latest Department of Statistics for Bermuda specifically are for the second quarter of 2013, and show that spending on hotels totalled $87 million, with resort hotels making up 90 percent of the bookings — up 1.8 percent.

Small hotels recorded the biggest rise in sales revenue, almost 12 percent, cottage colonies saw a 4.2 percent improvement and bookings at other guest accommodations were up by 3.7 percent.

Revenue from room sales for the period totalled $51.1 million, a 3.5 percent increase over the same period in 2012.

Rosedon Guest House on Pitts Bay Road. Bermuda's small hotel properties are showing improved occupancy numbers. Photo by Tamell Simons

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Published September 24, 2013 at 9:00 am (Updated September 23, 2013 at 6:41 pm)

August hotel occupancy up throughout the Caribbean and Bermuda

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