In November of 2021 the Caribbean had a hotel occupancy of 59.2%. Compared to 2020 (25.4%) this is a significant increase of 133.1%. However, if we look at the occupancy data pre-COVID (November 2019), this is a decrease of 6.6%.
NOVEMBER
AVERAGE HOTEL OCCUPANCY
CARIBBEAN
PERCENTAGE
100
90
80
70
60
%
50
40
30
20
10
0
25
59
2020
2021
The average daily rate also increased with 17.6% compared to 2020, to $218.13. Compared to November of 2019, this is also a slight increase of 21.6%.
NOVEMBER
AVERAGE DAILY RATE
CARIBBEAN
PERCENTAGE
$300
$90
$80
$70
$$15060
US DOLLARS
$150
$40
$30
$20
$10
$0
185
218
2020
2021
As for the revenue per available room, numbers indicate a significant increase of 174.2% compared to 2020. From $47.08 in 2020 to $129.11 in 2021. Compared to the pre-COVID data, the revenue per available room increased with 13.5%.
NOVEMBER
REVENUE PER ROOM AVAILABLE
CARIBBEAN
PERCENTAGE
$300
$90
$80
$70
$60
US DOLLARS
$150
$40
$30
$20
$10
$0
47
129
2020
2021
Provided by STR. For detailed lodging performance data for your area, contact STR at (615) 824-8664 ext 3504 or info@str.com. Independent hotels, Click Here to participate and receive a free benchmarking report for your market.
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