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| 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
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