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Strong US economy spurring profitable Caribbean hotel market
Saturday, 13 Jul, 2006
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PKF Hospitality Research found Caribbean hotels have been running a profit due largely to increasing rates of travel from a strong US economy.
Last year, Caribbean hotels averaged $111,414 per available room for a net profit margin of almost 23%, according to the first-ever study of its kind.
Over the past three years, visitors to the Caribbean grew by 19%.
More than half of the revenue sources of the hotels came from rooms, while food sales and beverages represented almost 26% of income.
Report by David Wilkening
David
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