Tropical Trends: an Analysis of the Caribbean Hospitality Market

The Caribbean hotel market has long been one of the most enviable and robust sectors in the global hospitality industry. Thanks to its convenient proximity to the United States, the Caribbean offers an unbeatable combination of weather, sun, and adventure, attracting millions of visitors annually and fueling tourism-dependent economies. Following the 2020-2021 downturn in the travel industry due to the COVID-19 pandemic, the market continues to improve and flourish, albeit at a slower pace in the last 12 months compared with prior years.