CHATA reports Curaçao’s hotels achieved a 75.6% average room occupancy in September 2023, up 7.9 percentage points from the 67.7% achieved in September 2022.
According to STR, the leading provider of hotel performance data and analytics worldwide, Curaçao’s hotels achieved a 75.6% average room occupancy in September 2023, 7.9 percentage points more than the 67.7% achieved in September 2022.
The hotels achieved an ADR of $206.73 in September 2023, 9.1% higher than in September 2022, while RevPar was $156.39, 22.0% more than in September 2022.
STR received data from a sample of 15 hotels with 2,646 rooms in September of 2023, with the sample representing 54% of all hotel rooms in Curaçao.
By comparison, STR reported that the average room occupancy for all hotels in the Caribbean reached 51.5% in September 2023, with an overall ADR of US$224.63 and a RevPar of US$115.68.
According to the CTB, Curaçao received 45,952 stopover visitors in September 2023, 23.4% more than the 37,230 stopover visitors received in September 2022. These stopovers generated 391,670 visitor nights in September, up 15.7% compared with the 338,652 nights spent in September 2022. The average length of stay of these stopover visitors fell from 9.10 nights in September 2022 to 8.52 nights in September of this year.
Jim Hepple, the Interim Managing Director for CHATA, said CHATA was extremely pleased at the record level of stopover visitors achieved in September and the consequent strong performance of Curaçao’s hotel sector. He noted the hotel sector was especially pleased at the 22.0% increase in revenue per available room when compared with the region’s 13.7% increase in revpar.
However, he also noted that a number of local hotels, which depend heavily upon business from The Netherlands, were still facing challenges consequent upon this year’s reduced airlift, and that he hoped the introduction of new additional air service from the Netherlands this November would allow these hotels to see increased business in the coming months.
Through the first nine months of 2023 CHATA reports that Curaçao’s hotels achieved an average room occupancy of 72.0% compared with 70.2% for the first nine months of 2022. Again, compared with the first nine months of 2022, ADR grew by 8.1% from $209.07 in 2022 to $226.00 in the first nine months of 2023. RevPar grew by 10.8% from $146.81 in 2022 to $162.65 in the first nine months of 2023.
STR reports that throughout the Caribbean as a whole average room occupancy grew from 61.0% in the first nine months of 2022 to 66.5% in the same nine months of this year with the region’s ADR growing by 13.4% to US$328.12 and its RevPar growing by 23.6% to US$218.07.