Thursday, October 15, 2009

Small Caribbean hotels fare better than rest of industry

For small Caribbean hotels with 75 guestrooms or less, August 2009 year-to-date data revealed revenue-per-available-room declines across the board—at an average drop of 17.1 percent. However, RevPAR for the region’s hotel industry in general was down 22.9 percent, and competitor regions such as Florida and Hawaii were down 18.8 percent and 21.3 percent, respectively. Demand and occupancy changes, while still negative, are faring better than 2008 for this subsection of the region.

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