A nearly 10% increase in revenue was reported by Caribbean hotels in 2011, according to the Caribbean Trends in the Hotel Industry 2012 survey, conducted by PKF Hospitality Research.
In addition, there was a positive behavior in occupancy, with an increase of 1%, and the ADR, which stood at 5.6% above the results of 2011. Likewise, RevPar suffered an increase of 6.7%.
The above figures represent the best performance by hotels in the region since the economic crisis of 2008; which is reflected in overall economic growth for these nations.
This is indicated by the report, which states that "the Caribbean economy depends a lot on its hotel industry. In 2008, with the blow of the global recession, the Caribbean, like many other regions, recorded a significant drop in the number of tourists received. Due to the recession, both owners and managers were forced to cut staff and services."
