Promising Outlook

fromA4 slower rate, Walters explained, predicting that growth will be uneven among the destinations, with additional countries and territories exceeding their 2019 levels

According to STR, the average daily rate at hotels increased by 21 7 percent to US$290 60 in 2022 The revenue per available room surged by 66 4 percent to $176 46, and the number of available rooms (up 4 4 percent), as well as room income (up 73 6 percent), increased After two challenging years for the aviation industry, global air passenger traffic recovered significantly in 2022

It is estimated that visitors to the Caribbean region spent between $36 5 and $37 5 billion in 2022, an increase of 70 to 75 percent compared to 2021