Caribbean hotel occupancy falls
Caribbean Journal (CJ) is reporting that hotel occupancy fell 1.2 percent in June, the first month regional occupancy fell year-over-year since November of 2010, according to a new report from STR, which tracks supply and demand data for the hotel industry and gives market share analysis for hotel chains and brands. CJ states that STR’s data covers a total of 1,882 hotels and 223,310 rooms in the Caribbean region.The CJ story states that hotel occupancy in the Caribbean fell to 65.6 percent, down from 66.4 percent in June 2012.Average daily rates in the region rose 1.7 percent to $167.35, however, revenue per available room rose by 0.4 percent to $109.83. For the year to date, Caribbean hotel occupancy is still up 2.7 percent, standing at 71.7 percent.Last June, hotel occupancy saw its best month of the year, with a 12.4 percent year-over-year increase.