United Kingdom
United States
Asia Pacific
Puerto Rico tops US$1 billion in lodging revenue
Puerto Rico’s accommodation industry has generated US$1 billion during the first seven months of 2022.
The industry achieved the milestone three months earlier than in 2021, a year that ended with about $1.3 billion in revenues.
“We have hit that mark for only the second time in history, and we’ve done it three months earlier,” said Alisha Valentine, Director of Research and Analytics at Discover Puerto Rico.
“Despite the industry concerns, we’ve seen increased demand for lodging over last year’s record-setting pace. Through the end of July, total lodging demand is 18% higher than a year ago.”
Brad Dean, Chief Executive Officer of Discover Puerto Rico, said it is especially remarkable since the tourism industry confronted a volatile economic scenario, not only in Puerto Rico, but in international markets.
Accommodations reservations for the remaining two quarters of 2022 are projected to be above pre-pandemic levels.
The outlook for the fourth quarter is promising, with hotel bookings 6% higher than in 2021.
There is a 12% bump reported in short-term rentals.
Related News Stories:
Ray Monty
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
Robert Terrell: A Journey Through BB King’s Influence
Rochelle Hicks: Celebrating Mississippi’s Musical Legacy
Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
Dozens fall ill in P&O Cruises ship outbreak
Turkish Airlines flight in emergency landing after pilot dies
Boy falls to death on cruise ship
Unexpected wave rocks cruise ship
Storm Lilian travel chaos as bank holiday flights cancelled