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Caribbean Hotels See Big Profit MarginsSeptember 29, 2006 By: Joe Pike Travel Agent
The 2006 edition of "Caribbean Trends in the Hotel Industry," published by PKF Hospitality Research (PKF-HR), an affiliate of PKF Consulting, revealed some positive news for Caribbean hoteliers. According to the edition, Caribbean hotels continue to be profitable for owners and operators due to increasing rates of travel to the region spurred by a strong U.S. economy. In 2005, Caribbean hotels averaged $111,414 per available room (PAR) and $25,541 PAR in profits. The net result was a 22.9 percent profit margin.