Key findings of the report commissioned to Inteligencia Económica Inc. by the Puerto Rico Hotel Association (PRHTA). The report was presented last Tuesday, during the PRHTA Annual Convention.
Even though hotel registrations have gone up, the occupation rate has gone down 6 percentage points from 72% in 2018 up until August to 71% this year. This could be due to the amount of hotel rooms available going up with more hotels opening after María. This rate this year so far is still higher than the pre-María average of 69% occupancy.
So far this year, we have had 120,000 more cruise ship passengers and 34 more cruise ships arriving in San Juan than at the same point last year. The 1.27 million passengers we have had so far this year is the highest amount we have seen in the past 5 years. The cruise industry has been a bright spot this year.
The average daily rate for an Airbnb has remained above that of hotels but there are 2 important things to note. Many Airbnb listings can comfortable fit up 4 people, so the cost per visitor may be lower. Also, the average daily rates show that Airbnb owners can often be faster to change their prices due to seasonal fluctuations. These two factors combine to make Airbnb’s very attractive to tourists