Bermuda Announces Highest Number Of Visitors In Recorded History
Previously, 2007 was the industry's high mark; Additionally, year-end hotel occupancy passed the 60 percent mark for the first time since 2007.
In what appears to be a dynamic and active hurricane period, one of the busiest and most destructive season in decades, some of the islands of the Caribbean have witnessed destruction and evacuations like theyve never seen before.
The Caribbean/Mexico region reported 16,297 rooms in 92 hotel projects under construction during August 2017, which is a 24.4% year-over-year increase based on the number of rooms.
STR's June pipeline report shows the Caribbean/Mexico region reported 13,829 rooms in 86 hotel projects in construction for the month, which is a 15.4% year-over-year increase in the number of rooms.