March 2, 2021

Caribbean hotel profits were suffering pre-hurricanes: CBRE report

Pin It

From HOTEL BUSINESS ATLANTA—While the fallout for hotels from the recent hurricanes that swept across the Caribbean is far from calculated, the results are expected to only compound existing troubles the industry in the region has been suffering. In newly released data from CBRE Hotels’ Americas Research the average Caribbean hotel experienced a 4.7% decrease […]

Caribbean hotel profits suffer in 2016

Pin It

From Hospitality Net Zika, Exchange Rates and New Supply Impact Performance Atlanta, Ga. — CBRE Hotels Americas Research announced that the average Caribbean hotel in its survey sample suffered a 4.7 percent decrease in gross operating profit (GOP) during 2016, according to its newly released twelfth edition of Caribbean Trends® in the Hotel Industry. This decline […]

Caribbean hotel profits continue to grow Cuba and Zika impact performance

Pin It

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 is the fourth consecutive year that Caribbean hotels have seen a double-digit increase in GOP. […]

Caribbean hotels enjoy fourth consecutive year of double-digit NOI growth

Pin It

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 7.4 percent, mainly driven by a 5.1 percent increase in average daily rate (ADR). ATLANTA, […]