caribbean trends
Caribbean Hotel Profits Suffer In 2016
CBRE Group, Inc. | October 18, 2017
Zika, Exchange Rates and New Supply Impact Performance October 18, 2017, Atlanta, Ga. – CBRE Hotels Americas Research announced that the average Caribbean hotel in its survey sample suffered a 4.7 percent decrease in gross operating profit (GOP) during 2016, according to its newly released twelfth edition of Caribbean Trends® in the Hotel Industry. This decline in profitability follows four consecutive years of double-digit increases in GOP. The decline in the bottom-line starts with the falloff in top line revenue. During 2016, occupancy for the Trends® sample declined by 2.8 percent, along with a 0.2 percent decrease in ...
Caribbean Hotels Enjoy Fourth Consecutive Year of Double-Digit NOI Growth
PKF Hospitality Research, a CBRE Company | September 8, 2015
September 8, 2015, Atlanta, Ga. – Caribbean hotels are enjoying their continued run of double-digit net operating income (NOI) growth according to the newly released 2015 edition of Trends® in the Caribbean Hotel Industry by PKF Consulting (PKFC), a CBRE Company. According to the report, the average Caribbean hotel experienced a 17.3 percent increase in NOI during 2014, marking the fourth consecutive year that Caribbean hotels have seen a double-digit increase in NOI. Revenues and Expense The Caribbean hotel industry is made up of a large number of unique resort properties in various destinations which provides the opportunity to gen...
