According to Hotel News Now, the Caribbean hotel industry reported record breaking results in two of the three key performance metrics in 2015, according to data from STR. For the year, average daily rate in the market was US$229.44, and revenue per available room was US$157.74. Each of those absolute values was the highest STR has ever benchmarked for a total year in the Caribbean. For more, click here (Source: HotelNewsNow.com).
The Royal Bank of Canada (RBC) has released the January 2016 edition of its in-depth report on current economic issues and events of importance to the Caribbean, the RBC Caribbean Economic Report. Click here to read the full report.