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Caribbean hotel occupancy decimated by coronavirus
The coronavirus pandemic has had a chilling effect on the Caribbean lodging industry.
Hotel industry data firm STR reports said hotel occupancy rates have plummeted to just over 10%.
Preliminary data shows occupancy was down to just 10.6% for the week ending March 28.
That is a huge plunge of nearly 86%.
Average daily rate was down almost 22% to $231.
Bahamas fared worst of all for RevPAR at only $12.99.
That’s a like-for-like decline of 95%.
Elsewhere, Puerto Rico saw its room occupancy level drop to 8.7%, while the Dominican Republic fared a little better at 13.3%.
In fact, the D.R. was one of the few destinations to maintain double-digit occupancy rates, STR said.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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