Large hotels continue to outperform 2019
Willemstad, 25 July 2022 – The CHATA & CASHA associations jointly publish figures monthly regarding the performance of hotels, alternative accommodations, car rentals and dive schools. In doing so, both associations aim to create a balanced overview of Curaçao’s tourism & hospitality sector’s performance and recovery.
CASHA presents occupancy figures for June 2022
June was a quiet month for CASHA members. However, this trend was already present before the Corona period. Members took time to work on the maintenance of their properties as they had more time for that this month. CASHA accommodation members reported an average occupancy rate of 50.5%, which is lower than the month before. This decrease in bookings was also seen in the car rental performance numbers, as they reported a total of 49.9% in June. Dive schools reported an occupancy rate of 47%, and tourist attractions reported an occupancy rate of 24%. Some members indicated the expected storm to be the reason for cancelations, due to the canceled or rescheduled flights. Higher air fares should also be factored in and compared to prior months, fewer air seats were available from the Netherlands as both TUI and KLM have 2 daily flights to Curaçao. It is difficult to predict performance rates for July and August, as last-minute bookings are still popular. CASHA members hope for more travelers these upcoming summer months and subsequently an increase in their occupancy rates.
CHATA presents occupancy figures for June 2022
June was once again a very positive month for CHATA members in terms of hotel occupancy. In June 2022 the larger hotels on Curaçao had an average occupancy rate of 71.6%. Compared to the year before (47.3%) this is an increase of 51.5%. Taking the pre-COVID occupancy data into consideration (June 2019: 66.3%), this is also an increase of 8%. The average daily rate increased with 39.7% compared to 2021, to $194.11. Compared to June 2019, this amounts to an increase of 37.5%. As for the revenue per available room, numbers indicate a significant increase of 111.6% compared to 2021. From $65,68 in 2021 to $138,99 in 2022. Compared to pre-COVID data, the revenue per available room also increased with 48.6%. The recovery for June compared to 2019 was 108%. The total year to date recovery for Curaçao for 2022 compared to 2019 is 94%, while the recovery of the same period for 2021 vs. 2019 was 38.8%.
The table below summarizes the STR data:
|June||2022||2021||2022 vs. 2021||2019||2022 vs. 2019|
*Source: Smith Travel Research (STR) is the leading global provider of competitive benchmarking, information services and research for the hotel industry.
The STR Data was based on a sample of 11 reporting hotels and represents 2122 rooms, which amounts to 65.8% of the total rooms of larger hotels in Curaçao.
The hospitality and tourism sector recovery continues, despite global challenges regarding increasing prices, transportation issues and the conflict between Russia and Ukraine. Therefore, CHATA and CASHA members remain cautiously optimistic about the sector’s recovery and future.