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Published byPriscilla Lambert Modified over 9 years ago
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State of the Lodging InduSTRy Brittany Baldwin, Sales Executive Small Hotels Retreat – September 2010
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Overview: Total Caribbean & Small Hotels
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Caribbean Hotel Industry - Key Statistics YTD July 2010 % Change # of Hotels2,272 Hotel Rooms242,155 0.2% Occupancy66.3% 1.8% Average Daily Rate $168.67 4% RevPAR$111.81 5.8% Room Revenue$ 5.7B 6.1% 2010 Smith Travel Research, Inc.
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Caribbean Small Hotels Industry - Key Statistics YTD July 2010 % Change # of Hotels1,486 Hotel Rooms44,253 0.6% Occupancy59.3% 7.4% Average Daily Rate $267.56 10.8% RevPAR$158.57 19% Room Revenue$ 1.5B 19.7% 2010 Smith Travel Research, Inc.
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Will The Caribbean See Improvement in 2010? Total Caribbean % Change 2007 - 2009 and July 2010 YTD
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Small Hotels Seeing Light At the End of the Tunnel Caribbean- Small Hotels (75 rooms or less) % Change 2007 - 2009 and July 2010 YTD
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Supply & Demand
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Building In a Downturn. Demand Finally On The Rebound! Total Caribbean Twelve Month Moving Average % Change – 2006 to July 2010 -6.4% 2.6% -5.2%
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Supply Growth Remains Flat. Positive Demand May 2010. Caribbean Small Hotels (75 rooms or less) Twelve Month Moving Average % Change – 2006 to July 2010 -14% 5.2%
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Occupancy
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Strong Occupancy Growth Across The Board Select Destinations- Occupancy % Change July 2010 YTD vs. July 2009 YTD
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Small Hotels Recovering Occupancies Select Destinations- Small Hotels vs. Large Hotels Occupancy % Change- July 2010 YTD
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ADR (Average Daily Rate)
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Caribbean Showing Positive ADR Improvement Select Destinations- ADR % Change July 2010 YTD vs. July 2009 YTD
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Caribbean ADR Improvement Driven By Small Hotels Select Destinations – Small Hotels vs. Large Hotels ADR % Change- July 2010 YTD
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RevPAR (Revenue Per Available Room)
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RevPAR’s Are Slowly Rising Select Destinations- RevPAR % Change July 2010 YTD vs. July 2009 YTD
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Positive RevPAR Growth For Small & Large Hotels! Select Destinations – Small Hotels vs. Large Hotels RevPAR % Change- July 2010 YTD
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“Thank You” to the Most Recent Caribbean Enrollees: Round Hill Hotel & Villas- Jamaica Lion’s Dive & Beach Resort- Netherland Antilles Crown Point Beach Hotel- Tobago Cascadia Hotel & Conference Center- Trinidad Toucan Inn & Bonkers- Trinidad Cara Suites Hotel- Trinidad Tamarind Reef Hotel – USVI Sugar Beach Condo Resort- USVI
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How Do I Participate? STR’s Roundtable Session will explain how your hotel can enroll & participate Or stop by the STR booth for more details
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For More Information brittany@str.com 615-824-8664 ext 3384 (Presentation available on www.hotelnewsnow.com)www.hotelnewsnow.com
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