According to STR, the leading provider of hotel performance data and analytics worldwide, hotels in the Caribbean continued to recover in July 2023. STR reports that the average room occupancy for hotels region wide was 70.2% in July 2023 up from 66.0% in July 2022. Curaçao’s hotels saw an average of 71.9% room occupancy in July up slightly from the 70.0% seen in July 2022. STR collects data from 324 hotels in the Caribbean, 16% of all hotels, while it collects data from 15 of 41 hotels in Curaçao, (37%).
The average daily room rate for all hotels in the Caribbean grew by 12.7% in July 2023, from US$281.63 in July 2022 to US$317.30 in July this year. Curaçao’s hotels saw their ADR grow by 9.8%, from US$211.25 in July 2022 to US$231.97 in July 2023.
Through the first seven months of 2023 hotels In the Caribbean have seen their average YTD room occupancy grow from 62.4% in 2022 to 69.5% through July 2023 while their YTD ADR has grown by 14.1% from US$304.58 in 2022 to US$347.63 in the first seven months of 2023. The ADR for Curaçao’s hotels grew by 8.5% in the same period, from US$212.54 in 2022 to US$230.69 in the first seven months of 2023.
