IRR Caribbean Mid-Year 2017 Hospitality Report

By James V. Andrews, MAI, CRE, FRICS, ASA/BV

Overview

While hotel performance appears to be rebounding slightly this year following a modest decline in 2016, growth in arrivals to the region appear to be growing at a slower rate than previously. Fears regarding the Zika virus are finally subsiding since there have been very few infections this year to date; however, the growing inventory of hotel rooms in the region may be a future concern if supply growth outpaces demand.

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Part of the greater network of Integra Realty Resources offices, IRR-Caribbean provides real property and business valuation and consulting services throughout the Caribbean region; specializing in hotel and resort investment assets and businesses.