Caribbean Hotels Just Posted Their Strongest Numbers in Years — and the Trend Is Accelerating
New STR data shows Caribbean hotel revenue hit $2.67 billion in February 2026, with occupancy and rates both climbing sharply year over year.
Caribbean hotels are on a tear. New data from hotel analytics firm STR shows the region's hotel industry posted $2.67 billion in total revenue for February 2026 alone — a 9.4 percent jump from the same month last year. And the gains aren't just coming from higher prices.
Occupancy hit 76.5 percent in February, up 2.6 percentage points year over year. That's a significant move in a region where peak-season occupancy was already high. The average daily rate climbed to $444.16, a 7.2 percent increase, pushing revenue per available room to $339.93 — up a full 10 percent from February 2025.
Through the first two months of 2026, the picture looks equally strong. Year-to-date occupancy sits at 73.9 percent (up 2.4 points), with ADR at $436.39 (up 6.7 percent) and RevPAR at $322.52 (up 9.3 percent).
What's Driving the Surge
The numbers point to a favorable supply-demand dynamic. Demand grew 2.0 percent in February while supply actually declined 0.6 percent. Fewer available rooms chasing stronger traveler interest means hotels can push rates higher without sacrificing occupancy — an ideal position for resort operators.
The boom is being felt across the region's major markets. Destinations like Punta Cana, Cancun, Riviera Maya, and Jamaica continue to attract strong demand from North American travelers, fueled by expanded airlift and a pipeline of new resort openings. The Dominican Republic in particular has been adding capacity with new all-inclusive properties from brands like Hyatt and Hilton, while still seeing occupancy gains.
For travelers, the takeaway is clear: Caribbean resorts are filling up, and rates aren't coming down anytime soon. Early booking continues to be the smartest move for anyone targeting peak-season travel.