In January of 2021 the Caribbean had a hotel occupancy of 23.5%. Compared to 2020 (66.1%) this is a decrease of 64.4%. The significant decrease in Caribbean hotel performance is unfortunately a result of the measures taken to prevent the spreading of COVID-19.
JANUARY
AVERAGE HOTEL OCCUPANCY
CARIBBEAN
PERCENTAGE
100
90
80
70
60
%
50
40
30
20
10
0
66
24
2020
2021
The average daily rate decreased with 2% compared to 2020, to $251.35.
JANUARY
AVERAGE DAILY RATE
CARIBBEAN
PERCENTAGE
$300
$90
$80
$70
$60
US DOLLARS
$150
$40
$30
$20
$10
$0
256
251
2020
2021
As for the revenue per available room, numbers also indicate a significant decrease of 65.1%. The revenue per available room in 2020 was $169.43 and in 2021 it was $59.13.
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