• Caribbean Hotel Update: Crisis and Recovery   

Excerpt from STR

Undoubtedly, the Caribbean is a popular destination in the international tourist trail. However, the region has long way to go in recovery from the global pandemic.

Now the focus is on how much the various international lockdowns will impact hotel performance into the Caribbean’s high season (mid-December through mid-April).

A deep dive into the Caribbean

Although countries in the Caribbean have put into place their own travel restrictions, the market (as a whole) saw a slight pickup in occupancy as the high season approaches.

A 24.9% occupancy level for October was the region’s highest since March. This trend is expected to continue through November’s data. For context, the region saw its lowest occupancy level in April (7.2%).

 

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