HENDERSONVILLE, Tennessee—The Caribbean hotel industry reported increases in all three key performance metrics in 2011, according to data from STR.
In year-over-year comparisons, the Caribbean rose 2.6 percent in occupancy to 61.8 percent, average daily rate was up 2.6 percent to US$167.54, and revenue per available room increased 5.2 percent to US$103.57. This was the highest year-end occupancy, ADR and RevPAR reported since 2008.
During 2011, three new properties opened in the Caribbean with 421 rooms. Room supply in 2011 increased 0.9 percent and demand in the region in 2011 rose 3.5 percent.
The STR family of companies provides a suite of products to meet the hotel industry’s needs including: the STAR Report; Hotel Survey; Americas Hotel Review; METROPOLL; the Caribbean Pipeline; and the Hotel Investment Barometer. For information on all the products the STR family of companies provides, contact Brittany Baldwin at brittany@str.com. For information regarding sponsorship or advertising on HotelNewsNow.com, contact Lynsie Chamberlain at chamberlain@hotelnewsnow.com.
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