Strong US economy spurring profitable Caribbean hotel market

Monday, 13 Jul, 2006 0

PKF Hospitality Research found Caribbean hotels have been running a profit due largely to increasing rates of travel from a strong US economy.

Last year, Caribbean hotels averaged $111,414 per available room for a net profit margin of almost 23%, according to the first-ever study of its kind.

Over the past three years, visitors to the Caribbean grew by 19%.

More than half of the revenue sources of the hotels came from rooms, while food sales and beverages represented almost 26% of income.

Report by David Wilkening



 

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