MIAMI, UNITED STATES, May 12, 2024 /EINPresswire.com/ — The Caribbean Hotel and tourism Association (CHTA) offered valuable perspectives on the current state and future outlook of the Caribbean tourism and hospitality industry during the Caribbean Hotel & Resort Investment Summit (CHRIS) 2024, recently held in Miami.
Nicola Madden-Greig, President of CHTA, delivered the opening address, presenting the “CHTA Insights: Travel & tourism Update”, shedding light on the accommodations sector and Caribbean cruise performance in addition to exploring demand, satisfaction and spending in the region.
Reviewing Caribbean lodging performance, March saw high occupancy rates, with Turks & Caicos leading at 87%, followed closely by St. Lucia at 85.5% and Aruba at 84.3%. Comparing March 2023 to March 2024, there was a significant increase in Average Daily Rate (ADR) and Revenue Per Available Room (RevPar), with ADR rising from…
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