In May of 2020 the Caribbean had a hotel occupancy of 7.9% which is a significant decrease of 87.5% compared to 2019 (63.1%). The significant decrease in Caribbean hotel performance is unfortunately a result of the measures taken to prevent the spreading of COVID-19.
MAY
AVERAGE HOTEL OCCUPANCY
CARIBBEAN
PERCENTAGE
100
90
80
70
60
%
50
40
30
20
10
0
63
7
2019
2020
The average daily rate (ADR) decreased with 53.2% compared to 2019, from $199.04 to $93.13 in 2020.
MAY
AVERAGE DAILY RATE
CARIBBEAN
PERCENTAGE
$300
$90
$80
$70
$60
US DOLLARS
$150
$40
$30
$20
$10
$0
199
93
2019
2020
As for the revenue per available room (RevPAR), numbers indicate a significant decrease as well of 94.2%. The revenue per available room in 2019 was $125.58 and in 2020 it was $7.32.
The significant decrease in Caribbean hotel performance is unfortunately a result of the measures taken to prevent the spreading of COVID-19.
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