Font size: A A A A
Home > Destinations > Caribbean
Related topics: Caribbean,conferences, hotels, Trends-Research
Font size: A A A A

Smith Travel Research: Small Hotels in Caribbean On the Rise

September 22, 2010 By: Joe Pike

At the recent 2010 Small Hotels Retreat, hosted September 9-11 in Puerto Rico at the Rio Mar Beach Resort, A Wyndham Grand Resort, Brittany Baldwin, sales executive for Smith Travel Research (STR), provided an optimistic overview of the status of small hotels in the Caribbean.

Delegates learned that ADR (average daily rate) increased by 4 percent throughout the Caribbean in 2010 based on statistics collected through July, and that RevPAR (revenue per available room) rose 5.8 percent. Occupancy levels increased by 1.8 percent and room revenue jumped 6.1 percent during the same period.

News for the small hotel sector was even more positive, demonstrating a 10.8-percent increase in ADR and a 19-percent leap in RevPAR. Small hotels saw occupancy increase by 7.4 percent with room revenue jumping 19.7 percent.

The statistics stirred much optimism among hoteliers who have not seen positive growth since the downturn at the end of 2008.

Compared to small hotels (defined as 75 rooms or less) in other warm weather regions such as Florida and Hawaii, which sustained negative growth in ADR, small hotels in the Caribbean and Mexico are looking particularly good this year.


What do you think of this $type?

This comprehensive guide begins at Alfava Metraxis and ends at Doctor Who Magazine wins the ACE Press Award 0 Following its record breaking ABC figure earlier this year, Doctor Who Magazine had cause for further celebration at the 2014 ACE Press Awards held viagra bedeutung online apotheke at the Museum of London. This may take a second or two.