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Caribbean Hotel Industry Has Best Year Since 2008: Report

Hotel occupancy in the region rose by 2.6 percent to 61.8 percent, the average daily rate jumped 2.6 percent to $167.54 and the revenue available per room rose 5.2 percent to $103.57.

The metrics were the highest year-end occupancy, ADR and RevPAR reported since 2008.

A total of three new properties opened in the region in 2011, with a total of 421 new rooms.

Room supply rose 0.9 percent, and demand jumped by 3.5 percent.

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