Caribbean hotel profits were suffering pre-hurricanes: CBRE report
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…
Caribbean hotel profits suffer in 2016
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…
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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…
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…
