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Hotel rates set a record in the Caribbean last year, STR says
By Gay Nagle Myers From Travel Weekly Hotel occupancy levels last year were the lowest in the Caribbean since 2012, but the average daily rate (ADR) was the highest for any year on record, according to data from STR. Occupancy…
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Caribbean hotel numbers flat for 2018’s first six months
By Gay Nagle Myers From Travel Weekly Hotel performance in the Caribbean through June was relatively flat, due in part to the effects of the 2017 hurricanes and the loss of inventory from properties still closed, according to the Q2…
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STR: Cayman Islands, Bermuda see occupancy jumps
By Fatima Thompson From Caribbean Journal HENDERSONVILLE, Tennessee—A mixture of lower occupancy levels and higher rates fell in line with year-to-date hotel performance in the Caribbean, according to the latest data from STR. In November, occupancy fell 2.8% year over…
Caribbean hoteliers predict positive tourism performance for 2017
Press Release:– THE BAHAMAS (February 8, 2017) – Caribbean tourism fared well in 2016 and industry stakeholders are generally upbeat about the year ahead, despite the fact that many hoteliers were forced to adjust their high performance expectations for 2016…
Caribbean hotel performance declines in 2016
From Hotel News Resource Compared with 2015, the Caribbean’s occupancy decreased 2.3% to 66.7%, and average daily rate (ADR) was down 0.3% to US$201.50. As a result, revenue per available room (RevPAR) fell 2.6% to US$134.48. The absolute occupancy level…
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Caribbean hotel profits continue to grow Cuba and Zika impact performance
Atlanta, Ga. — CBRE Hotels Americas Research announced that the average Caribbean hotel experienced a 10.2 percent increase in gross operating profit (GOP) during 2015, according to its newly released tenth edition of Caribbean Trends® in the Hotel Industry. This…
The big business of divorce
By John Roach & Laura Roach, From Texas Lawyer Divorce is big business. In fact, it’s a $50-$175 billion business compared to the wedding industry which is estimated to generate just $40-$50 billion annually. Why is divorce big business? Just…
LINKS named as Cayman Islands Tourism PR and media ADR in Latin America
Cayman Islands Department of Tourism names LINKS Worldgroup as PR and Media AOR in Latin America PR Agency News March 29, 2016 LINKS Worldgroup, a marketing and communications company based in Miami, Florida, announced it has been appointed as the…
ADR the way to go
From Trinidad & Tobago Newsday Say sorry and move on. It is what forms the basis of what is known as Alternative Dispute Resolution (ADR) and already, 300 people in the Caribbean have been trained in the techniques of mediation…
Caribbean hotels enjoy fourth consecutive year of double-digit NOI growth
By Vicky Karantzavelou From Travel Daily News Rooms revenue (57.6 percent of total revenue in 2014) continues to be the greatest source of revenue for Caribbean properties. Last year, hotels in the Trends survey sample saw rooms revenue increase by…
