A 2011 improvement in hotel occupancy in the Caribbean
Anguilla.- According to data from STR Global, the Caribbean’s hotel industry reported improvements in three key metrics in 2011.
Hotel occupancy in the region rose by 2.6 percent to 61.8 percent, the average daily rate jumped 2.6 percent to $167.54 and the revenue available per room rose 5.2 percent to $103.57.
The metrics were the highest year-end occupancy, ADR and RevPAR reported since 2008. A total of three new properties opened in the region in 2011, with a total of 421 new rooms. Room supply rose 0.9 percent, and demand jumped by 3.5 percent. (Source: the Caribbean Journal staff)
Hotel occupancy in the region rose by 2.6 percent to 61.8 percent, the average daily rate jumped 2.6 percent to $167.54 and the revenue available per room rose 5.2 percent to $103.57.
The metrics were the highest year-end occupancy, ADR and RevPAR reported since 2008. A total of three new properties opened in the region in 2011, with a total of 421 new rooms. Room supply rose 0.9 percent, and demand jumped by 3.5 percent. (Source: the Caribbean Journal staff)