After a tempestuous 2017, the Caribbean was virtually untouched by natural disasters and cyclones in 2018. Under such balmy and sun-filled skies, this sub-region has prospered (with 15 of 24 destinations recording growth in arrivals, according to CTO) and many islands recorded positive RevPAR growth. Within the LatAm sub-region, performance trends were far more mixed, with many destinations suffering from supply growth issues and negative currency fluctuations (note all RevPAR results in this Monitor are shown in USD). Some upward pressure on development costs in the Caribbean is likely to be more than matched by increases in future performance levels, as a US-led recovery across the sub-region continues. Perhaps as a consequence of such a bright forecast, the Caribbean pipeline continues to look strong and many hotels have been refurbished.

About WhiteBridge Hospitality

Whitebridge Hospitality is a specialist advisor to investors, developers and operators in the hospitality industry around the globe. We provide investment, operational and planning advice, and guidance in respect of the entire hospitality spectrum, including: hotels, mixed-use developments, conference and exhibition centres, spas, leisure facilities, casinos, visitor attractions and sporting venues. Our uniquely qualified team can provide services throughout an asset's life cycle, from site selection and acquisition, through master planning and feasibility studies, to operator selection, operational and asset strategy advice, to sale and agency services.

Related