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© 2019 STR, Inc. All Rights Reserved. Any reprint, use or republication of all or a part of this presentation without the prior written approval of STR, Inc. or STR Global, Ltd. trading as STR (collectively “STR”) is strictly prohibited. Any such reproduction shall specifically credit STR as the source. This presentation is based on data collected by STR. No strategic advice or marketing recommendation is intended or implied.
Hotel Performance in the Caribbean Region
Emile GourieuxBusiness Development Executive, STR
@STR_Data
© 2017 STR. All Rights Reserved.
-0.5%
-1.5%-1.0%
+2.1%
+1.1%+0.6%
2018—a year of recovery for the CaribbeanModest RevPAR growth despite misconception about hurricane affects
Supply Demand Occupancy ADR RevPAR Revenue
65.3% $208 $136
© 2019 STR. All Rights ReservedFull Year 2018 % Change (USD), Total Caribbean Region
© 2017 STR. All Rights Reserved.
-4%
-2%
0%
2%
4%
6%
Caribbean Mexico United States Canada
Occupancy ADR RevPAR
A tough year for Mexico; all others drove RevPAR growth with ADR increases2018 across North America
© 2019 STR. All Rights Reserved
Full Year 2018 RevPAR % Change by Contribution of OCC/ADR % Change (USD), Caribbean Region & Select Countries
© 2017 STR. All Rights Reserved.
65.3% 63.3% 66.2% 66.2%
$208
$121 $130 $126
Caribbean Mexico United States Canada
Occ ADR
2018 across North AmericaHigh-end Caribbean resorts push ADR over $200
© 2019 STR. All Rights ReservedFull Year 2018 OCC & ADR (USD), Caribbean Region & Select Countries
© 2017 STR. All Rights Reserved.
+2.6% +2.1%
-0.5%
+9.4% +8.9%
+11.7%
A great start for the Caribbean so far in 2019
On pace for a record-breaking year
Supply Demand Occupancy ADR RevPAR Revenue
70.2% $248 $174
© 2019 STR. All Rights ReservedYTD May 2019 % Change (USD), Total Caribbean Region
© 2017 STR. All Rights Reserved.
-10%
-5%
0%
5%
10%
15%
Caribbean Mexico United States Canada
Occupancy ADR RevPAR
With envy, not dollars The Caribbean’s high-season has everyone else looking green
© 2019 STR. All Rights Reserved
YTD May 2019 RevPAR % Change by Contribution of OCC/ADR % Change (USD), Caribbean Region & Select Countries
© 2017 STR. All Rights Reserved.
70.2% 62.1% 64.4% 60.2%
$248
$127 $130$115
Caribbean Mexico United States Canada
Occ ADR
The rest of North America is ready to start their high season
© 2019 STR. All Rights ReservedYTD May 2019 OCC & ADR (USD), Caribbean Region & Select Countries
© 2019 STR. All Rights Reserved.
-3.4
-6.7
-9.7
0.3
6.8 7.5
1.8
-10
-5
0
5
1990 1994 1998 2002 2006 2010 2014 2018
Occ % Change
ADR % Change
© 2019 STR. All Rights ReservedTotal US, OCC & ADR % Change, 12 MMA 1/1990 – 05/2019
It’s not just seasonality—things seem to be slowing down for US
© 2019 STR. All Rights Reserved.
-8
-6
-4
-2
0
2
4
6
8
2015 2016 2017 2018 2019
OCC % Change ADR % Change RevPAR % Change
Caribbean Region, OCC, ADR & RevPAR % Change, 12 MMA 1/2015 – 05/2019
Upward trends for the Caribbean—were the hurricanes a reset?
© 2017 STR. All Rights Reserved.
-15%
-10%
-5%
0%
5%
10%
15%
20%
25%Occupancy ADR RevPAR
One Caribbean, but many different markets with different results
© 2019 STR. All Rights ReservedYTD May 2019 RevPAR % Change by Contribution of OCC/ADR % Change (USD), Select Caribbean Markets
© 2017 STR. All Rights Reserved.
77
.0%
73
.8%
76
.2%
54
.1%
78
.1%
75
.0%
76
.7%
81
.2%
68
.4%
68
.0%
59
.1%
$397
$303$339 $333
$552
$173 $154
$265$240
$438
$180
Occ ADR
Jamaica leads in Occupancy, Cayman Islands in ADR
70% Club—More than 7 out of 10 rooms sold daily
YTD May 2019 OCC & ADR (USD), Select Caribbean Markets
© 2019 STR. All Rights Reserved.
Supply Growth—another indicator of the Caribbean recovery
Phase Projects Number of rooms
In Construction 47 11,708
Final Planning 35 9,074
Planning 37 5,287
Active Pipeline 119 26,069
© 2019 STR. All Rights ReservedPipeline by Phase, May 2019—Total Caribbean
© 2019 STR. All Rights Reserved.
Welcome to the Dominican Republic—here’s your hardhat
542 450
5,204
2,144
552226
523
Rooms in Pipeline (Construction Phase Only), May 2019—Select Caribbean Markets
© 2019 STR, Inc. All Rights Reserved. Any reprint, use or republication of all or a part of this presentation without the prior written approval of STR, Inc. or STR Global, Ltd. trading as STR (collectively “STR”) is strictly prohibited. Any such reproduction shall specifically credit STR as the source. This presentation is based on data collected by STR. No strategic advice or marketing recommendation is intended or implied.
Thank You!
Emile Gourieux
Business Development Executive, STR
STR_Data
emilegourieux
