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Caribbean hotel income steadily improving

August 23, 2014 By GuyanaTimes

The average Caribbean hotel enjoyed an 18.6 per cent increase in net operating income (NOI) during 2013, according to the newly released 2014 edition of Caribbean Trends in the Hotel Industry published by PKF Consulting USA (PKFC).

This is the third year in a row that Caribbean hotels have experienced a double-digit increase in NOI and the highest annual growth in profits achieved since 2008.

“Caribbean hotels have unique operating challenges that result in relatively higher expenses,” said Scott Smith, MAI, Vice President in the Atlanta office of PKFC.

“Fortunately, recent increases in visitation to the Region have resulted in top-line revenue growth that has overcome the high costs and resulted in strong growth in bottom-line profits.”

Full Story: http://www.guyanatimesgy.com/2...-steadily-improving/

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Former Member

Guyana Marriott is accepting reservation for Christmas 2014. Cheap rates and easy booking online.

8/23/141:47 PM

Former Member

There were crying when they proposed to build this Hotel. They were crying when the project was building. Now that the Hotel is finished and taking reservation, they are still crying. I always say the gravy train will pass and still find you still crying. Progress is not about crying, its about the future.

8/23/143:49 PM

cainTired old hippie

Post a copy of your reservation nuh and while at it post we a pic of yo last plane ticket to Guyana.

8/23/148:20 PM

Former Member

I can't trust nobody these days to give out that information. Sorry!

8/23/149:20 PM

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Topics

Caribbean hotel income steadily improving

The average Caribbean hotel enjoyed an 18.6 per cent increase in net operating income (NOI) during 2013, according to the newly released 2014 edition of Caribbean Trends in the Hotel Industry published by PKF Consulting USA (PKFC).

This is the third year in a row that Caribbean hotels have experienced a double-digit increase in NOI and the highest annual growth in profits achieved since 2008.

“Caribbean hotels have unique operating challenges that result in relatively higher expenses,” said Scott Smith, MAI, Vice President in the Atlanta office of PKFC.

“Fortunately, recent increases in visitation to the Region have resulted in top-line revenue growth that has overcome the high costs and resulted in strong growth in bottom-line profits.”

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