Tuesday, September 8, 2015

PKF Consulting Reports Caribbean Hotels Enjoy Fourth Consecutive Year of Double-Digit NOI Growth

 

Scott Smith
  Atlanta, GA, Sept. 8, 2015 – Caribbean hotels are enjoying their continued run of double-digit net operating income (NOI) growth according to the newly released 2015 edition of Trends® in the Caribbean Hotel Industry by PKF Consulting (PKFC), a CBRE Company.

 According to the report, the average Caribbean hotel experienced a 17.3 percent increase in NOI during 2014, marking the fourth consecutive year that Caribbean hotels have seen a double-digit increase in NOI.

 “During 2014, Caribbean hotels with an ADR greater than US$300 were able to raise their rates without hurting occupancy.  The types of travelers these properties attract are less price-sensitive and can afford the higher costs,” said Scott Smith, PKFC managing director. 

“On the other hand, the more modest-priced properties were not as successful raising their rates.  These properties are facing increased competition from the all-inclusive resorts that represent a strong price-value proposition to rate-sensitive travelers.”

For a complete copy of the company’s news release, please contact:

Chris Daly
(703) 435-6293


No comments:

Post a Comment