Caribbean Hotel Update: Two Markets Showing High Levels of Occupancy Recovery

STR | October 5, 2021

The summer travel season, helped by growing vaccination rates around the world, allowed Caribbean hotels to pick up steam in their road to recovery. Regardless of world region, the markets that truly stand out are those with favorable comparisons to 2019—the last “normal year” prior to the pandemic. In the Caribbean, we have been comparing 2021 vs. 2019 data for year-to-date periods to remove the effects of seasonality, which are usually substantial in the region. As of August, we saw two of 14 markets with hotel occupancy near or above the 2019 comparable. The only Caribbean market to achieve an August year-to-date occupancy leve...