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| Scott Smith |
ATLANTA, GA — PKF Consulting USA (PKFC), announced today
that the average Caribbean hotel enjoyed an 18.6 percent increase in net
operating income (NOI) during 2013, according to its newly released 2014
edition of Caribbean Trends® in the Hotel Industry.
This is the third year in a row that Caribbean hotels have
experienced a double-digit increase in NOI and the highest annual growth in
profits achieved since 2008.
“Caribbean hotels have unique operating challenges that
result in relatively higher expenses,” said Scott Smith MAI, vice
president in the Atlanta office of PKF Consulting, USA.
“Fortunately,
recent increases in visitation to the region have resulted in top-line revenue
growth that has overcome the high costs and resulted in strong growth in
bottom-line profits.”
For a complete
copy of the company’s news release, please contact:
Patrick Daly
Account Supervisor
Daly Gray, Inc.
Office: (703)
435-6293
Cell: (703) 300-8289
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