The Reef Resort located in the Cayman Islands has recently joined the North American Wyndham brand, becoming the Wyndham Reef Resort Grand Cayman.
In year-over-year comparisons, Caribbean hotels during 2014 experienced a 1.5-percent increase in occupancy to 68.0 percent; average daily rate was up 6.4 percent to US$194.66; and revenue per available room rose 8.0 percent to US$132.28.
Apple Leisure Group subsidiary, AMResorts, has announced its fifth hotel in the first quarter of 2015 with the signing of Zoëtry® Isla Di Oro Aruba.
There are 163 hotels totaling 28,927 rooms Under Contract in the Caribbean/Mexico region, according to the February 2015 STR Construction Pipeline Report.
Most popular articles shared on social networks by our readers this week