Topic: Integra Realty Resources
Storm-hit islands suffer as Cayman tourism prospers
The extent to which Cayman’s recent tourism boom has come at the expense of its hurricane-hit neighbors is spelled out in a new regional hospitality market report.
Cayman has Caribbean’s highest hotel prices, study finds
Topping US$370 per night, hotel-room prices in Cayman are the highest in the Caribbean, growing 4.5 percent since last year, according to U.S.-based property and business valuation agency Integra Realty Resources.
Cayman falls behind regional tourism trends
The top 16 tourist destinations in the Caribbean increased on average about 2.5 percent so far this year, down from more than 6 percent for each of the past two years.
Property perspective: Regional report highlights economic growth
The recently released IRR Viewpoint Caribbean Market Update 2016 Annual Report highlights some interesting discussion points when it comes to the state of Caribbean economies, especially in relation to real estate.
Hotel rates rise while occupancy drops
Average daily rates for Cayman’s hotels, significantly higher than most in the Caribbean, continue to rise, while average occupancy declines. But the premium price more than makes up for selling fewer nights.
