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Caribbean hotels report strong RevPAR rebound
January 22 2013

In year-over-year comparisons, the Caribbean market's occupancy increased 7.1% to 66.4%; ADR was up 3.8% to $170.50; and RevPAR rose 11.1% to $113.24.

HENDERSONVILLE, Tennessee—The Caribbean hotel industry reported strong revenue-per-available-room increases year-to-date November 2012, according to data from STR.

In year-over-year comparisons, the Caribbean rose 11.1 percent in RevPAR to US$113.24, average daily rate was up 3.8 percent to US$170.50 and occupancy increased 7.1 percent to 66.4 percent. Room revenue YTD 2012 rose 9.1 percent to US$8.4 billion.

Caribbean hotels reported the largest occupancy increase compared to Mexico (+3.1 percent), Hawaii (+5.3 percent), Florida (+3.1 percent) and Central America (-4.7 percent).

Demand in the region rose 5.1 percent through November; supply was down 1.9 percent.

According to STR’s December 2012 pipeline report, there are 50 hotels with 9,495 rooms in the region’s total active pipeline. In 2012, five hotels with 354 rooms opened in the region.

The STR family of companies can meet the hotel industry’s needs with a suite of products including: the STAR Report; Hotel Survey; Americas Hotel Review; DestinationMAP; the Caribbean Pipeline; and the Hotel Investment Barometer. For information on all the products the STR family of companies provides, contact Fatima Thompson at Fatima@str.com. For information regarding sponsorship or advertising on HotelNewsNow.com, contact Lynsie Chamberlain at chamberlain@hotelnewsnow.com.

Media contacts:

Jeff Higley
VP, Digital Media & Communications
jeff@str.com
+1 (615) 824-8664 ext. 3318

Rachael Spann Urie
Director, Public Relations
rurie@str.com
+1 (615) 824-8664 ext. 3305

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