| 1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 1 |
|
STRSumm |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 1 |
|
Year |
Occupied
Room Nights |
Change |
Available
Room Nights |
Change |
Occupancy |
Change |
Average
Rate |
Change |
RevPAR |
Change |
|
|
|
|
| 1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 1 |
|
1994 |
2,932,760 |
|
— |
|
4,400,805 |
|
— |
|
66.6 |
|
— |
|
$163.84 |
|
— |
|
$109.19 |
|
— |
|
|
|
|
|
| 1 |
|
1995 |
3,091,925 |
|
5.4 |
% |
4,489,187 |
|
2.0 |
% |
68.9 |
% |
3.4 |
% |
163.42 |
|
(0.3) |
% |
112.56 |
|
3.1 |
% |
|
|
|
|
| 1 |
|
1996 |
3,067,926 |
|
(0.8) |
|
4,679,950 |
|
4.2 |
|
65.6 |
|
(4.8) |
|
160.20 |
|
(2.0) |
|
105.02 |
|
(6.7) |
|
|
|
|
|
| 1 |
|
1997 |
3,297,581 |
|
7.5 |
|
4,983,371 |
|
6.5 |
|
66.2 |
|
0.9 |
|
163.16 |
|
1.8 |
|
107.97 |
|
2.8 |
|
|
|
|
|
| 1 |
|
1998 |
3,464,569 |
|
5.1 |
|
5,068,145 |
|
1.7 |
|
68.4 |
|
3.3 |
|
179.52 |
|
10.0 |
|
122.72 |
|
13.7 |
|
|
|
|
|
| 1 |
|
1999 |
3,492,559 |
|
0.8 |
|
5,067,400 |
|
(0.0) |
|
68.9 |
|
0.8 |
|
191.50 |
|
6.7 |
|
131.98 |
|
7.6 |
|
|
|
|
|
| 1 |
|
2000 |
3,592,280 |
|
2.9 |
|
5,341,788 |
|
5.4 |
|
67.2 |
|
(2.4) |
|
193.06 |
|
0.8 |
|
129.83 |
|
(1.6) |
|
|
|
|
|
| 1 |
|
2001 |
3,531,152 |
|
(1.7) |
|
5,688,137 |
|
6.5 |
|
62.1 |
|
(7.7) |
|
187.67 |
|
(2.8) |
|
116.50 |
|
(10.3) |
|
|
|
|
|
| 1 |
|
2002 |
3,648,565 |
|
3.3 |
|
5,726,513 |
|
0.7 |
|
63.7 |
|
2.6 |
|
179.22 |
|
(4.5) |
|
114.19 |
|
(2.0) |
|
|
|
|
|
| 1 |
|
2003 |
3,783,785 |
|
3.7 |
|
5,918,865 |
|
3.4 |
|
63.9 |
|
0.3 |
|
182.47 |
|
1.8 |
|
116.65 |
|
2.2 |
|
|
|
|
|
| 1 |
|
2004 |
4,179,353 |
|
10.5 |
|
5,900,388 |
|
(0.3) |
|
70.8 |
|
10.8 |
|
193.64 |
|
6.1 |
|
137.16 |
|
17.6 |
|
|
|
|
|
| 1 |
|
2005 |
4,175,685 |
|
(0.1) |
|
5,839,591 |
|
(1.0) |
|
71.5 |
|
1.0 |
|
209.57 |
|
8.2 |
|
149.86 |
|
9.3 |
|
|
|
|
|
| 1 |
|
Year-to-Date Through February |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 1 |
|
2005 |
701,902 |
|
— |
|
945,121 |
|
— |
|
74.3 |
% |
— |
|
$254.59 |
|
— |
|
$189.08 |
|
— |
|
|
|
|
|
| 1 |
|
2006 |
715,745 |
|
2.0 |
% |
948,001 |
|
0.3 |
% |
75.5 |
|
1.7 |
% |
270.71 |
|
6.3 |
% |
204.39 |
|
8.1 |
% |
|
|
|
|
| 1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 1 |
|
Average Annual Compounded
Change: 1994-2005 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 1 |
|
|
|
|
3.3 |
% |
|
|
2.6 |
% |
|
|
0.6 |
% |
|
|
2.3 |
% |
|
|
2.9 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Hotels included in Sample |
|
|
|
|
Country |
|
|
|
Number of Rooms |
|
|
Hotels included in Sample |
|
|
|
|
Country |
|
|
Number of Rooms |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rosewood Jumby Bay Resort |
|
|
|
|
Antigua & Barbuda |
|
|
|
50 |
|
|
|
Hilton International Kingston |
|
|
|
|
Jamaica |
|
|
|
303 |
|
|
|
|
Marriott Aruba Resort & Stellaris Casino |
|
|
|
|
Aruba |
|
|
|
413 |
|
|
|
Ritz-Carlton Ritz Carlton Golf & Spa Rose Hotel |
|
|
|
|
Jamaica |
|
|
|
427 |
|
|
|
|
Wyndham Hotels Resort Aruba Spa & Casino |
|
|
|
|
Aruba |
|
|
|
478 |
|
|
|
Marriott Curacao Bch Resort & Emerald Casino |
|
|
|
|
Netherlands Antilles |
|
|
|
247 |
|
|
|
|
Radisson Aruba Resort & Casino |
|
|
|
|
Aruba |
|
|
|
357 |
|
|
|
Hilton International Curacao Resort |
|
|
|
|
Netherlands Antilles |
|
|
|
197 |
|
|
|
|
Hyatt Regency Aruba |
|
|
|
|
Aruba |
|
|
|
360 |
|
|
|
Hyatt
Dorado Beach Resort & Country |
|
|
|
|
Puerto Rico |
|
|
|
262 |
|
|
|
|
Renaissance Aruba Beach Resort & Casino |
|
|
|
|
Aruba |
|
|
|
423 |
|
|
|
Embassy
Suites Dorado Del Mar Beach |
|
|
|
|
Puerto Rico |
|
|
|
174 |
|
|
|
|
Four Seasons Resort Great Exuma |
|
|
|
|
Bahamas |
|
|
|
183 |
|
|
|
Hilton International Ponce Hotel & Casino |
|
|
|
|
Puerto Rico |
|
|
|
156 |
|
|
|
|
Westin @ Our Lucaya |
|
|
|
|
Bahamas |
|
|
|
740 |
|
|
|
Westin Rio Mar Beach Golf Resort & Spa |
|
|
|
|
Puerto Rico |
|
|
|
600 |
|
|
|
|
Sheraton Hotel @ Our Lucaya Beach & Golf Resort |
|
|
|
|
Bahamas |
|
|
|
477 |
|
|
|
Westin Ocean Villas @ Rio Mar Beach |
|
|
|
|
Puerto Rico |
|
|
|
94 |
|
|
|
|
Hilton International British Colonial |
|
|
|
|
Bahamas |
|
|
|
291 |
|
|
|
Sheraton Hotel Old San Juan |
|
|
|
|
Puerto Rico |
|
|
|
240 |
|
|
|
|
Fairmont Glitter Bay |
|
|
|
|
Barbados |
|
|
|
68 |
|
|
|
Hilton International Caribe Hotel & Casino |
|
|
|
|
Puerto Rico |
|
|
|
645 |
|
|
|
|
Fairmont Royal Pavillion Suites |
|
|
|
|
Barbados |
|
|
|
76 |
|
|
|
Marriott San Juan Resort & Stellaris Casino |
|
|
|
|
Puerto Rico |
|
|
|
525 |
|
|
|
|
Mandarin Oriental Hotel Group Elbow Beach |
|
|
|
|
Bermuda |
|
|
|
244 |
|
|
|
Radisson Ambassador Plaza Hotel & Casino |
|
|
|
|
Puerto Rico |
|
|
|
233 |
|
|
|
|
Fairmont Hamilton Princess |
|
|
|
|
Bermuda |
|
|
|
410 |
|
|
|
Inter-Continental San Juan Resort & Casino |
|
|
|
|
Puerto Rico |
|
|
|
402 |
|
|
|
|
Wyndham Hotels Bermuda Resort & Spa |
|
|
|
|
Bermuda |
|
|
|
252 |
|
|
|
Ritz-Carlton San Juan Hotel & Casino |
|
|
|
|
Puerto Rico |
|
|
|
416 |
|
|
|
|
Fairmont Southampton Princess Resort |
|
|
|
|
Bermuda |
|
|
|
593 |
|
|
|
Embassy Suites San Juan Hotel & Casino |
|
|
|
|
Puerto Rico |
|
|
|
299 |
|
|
|
|
Rosewood Little Dix Bay Hotel |
|
|
|
|
British Virgin Islands |
|
|
|
100 |
|
|
|
Courtyard Isla Verde Beach Resort |
|
|
|
|
Puerto Rico |
|
|
|
260 |
|
|
|
|
Hyatt Grand Cayman Resort & Villas |
|
|
|
|
Cayman Islands |
|
|
|
53 |
|
|
|
Four Seasons Resort Nevis |
|
|
|
|
St. Kitts & Nevis |
|
|
|
196 |
|
|
|
|
Courtyard Grand Cayman |
|
|
|
|
Cayman Islands |
|
|
|
230 |
|
|
|
Marriott St Kitts Rsrt & Royal Beach Casino |
|
|
|
|
St. Kitts & Nevis |
|
|
|
471 |
|
|
|
|
Marriott Grand Cayman Beach Resort |
|
|
|
|
Cayman Islands |
|
|
|
305 |
|
|
|
Hilton International Jalousie Resort & Spa |
|
|
|
|
St. Lucia |
|
|
|
112 |
|
|
|
|
Westin Casuarina Resort |
|
|
|
|
Cayman Islands |
|
|
|
343 |
|
|
|
Hilton International Trinidad |
|
|
|
|
Trinidad & Tobago |
|
|
|
394 |
|
|
|
|
Hotel Sofitel Sevilla |
|
|
|
|
Cuba |
|
|
|
181 |
|
|
|
Crowne Plaza
Port Of Spain Trinidad |
|
|
|
|
Trinidad & Tobago |
|
|
|
233 |
|
|
|
|
Renaissance Jaragua Hotel & Casino |
|
|
|
|
Dominican Republic |
|
|
|
300 |
|
|
|
Hilton International Tobago |
|
|
|
|
Trinidad & Tobago |
|
|
|
200 |
|
|
|
|
Inter-Continental V Centenario Santo Domingo |
|
|
|
|
Dominican Republic |
|
|
|
196 |
|
|
|
Marriott Frenchman's Reef & Morning Sta |
|
|
|
|
U.S. Virgin Islands |
|
|
|
481 |
|
|
|
|
Embassy Suites Santo Domingo Juan Dolio |
|
|
|
|
Dominican Republic |
|
|
|
126 |
|
|
|
Ritz-Carlton St Thomas Resort |
|
|
|
|
U.S. Virgin Islands |
|
|
|
152 |
|
|
|
|
Le Meridien L`Habitation |
|
|
|
|
Guadeloupe |
|
|
|
233 |
|
|
|
Wyndham Hotels Resort Sugar Bay |
|
|
|
|
U.S. Virgin Islands |
|
|
|
294 |
|
|
|
|
Hotel Sofitel Auberge De La Vielle Tour Cora |
|
|
|
|
Guadeloupe |
|
|
|
103 |
|
|
|
Westin St John Resort |
|
|
|
|
U.S. Virgin Islands |
|
|
|
282 |
|
|
|
|
Crowne Plaza Kingston |
|
|
|
|
Jamaica |
|
|
|
129 |
|
|
|
Rosewood Caneel Bay Resort |
|
|
|
|
U.S. Virgin Islands |
|
|
|
166 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
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|
|
|
Source: Smith Travel Research |
|
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