Published On: Fri, Jun 1st, 2018

Hotels to invest 50 million

hotel roomWILLEMSTAD - The hotels in Curaçao will invest almost 50 million guilders (30 million dollars) in the next one and a half years in the renovation and expansion of the hotel sector.

Approximately 188 new rooms will be added to the existing 3500 rooms on the island. Forty percent of them are in moderate to poor condition.

With the current and future influx of tourists, expansion is necessary.

According to information from the Curaçao Hotel and Tourism Association (CHATA), occupancy increased by 6.5% from 74.9% in April 2017 to 81.4% this year. Average Daily Rates also increased by 8.3% from $143.29 in 2017 to $155.15 this year. Revenue Per Available Room increased by 17.6% from $107.29 in 2017 to $126.22 in 2018.

As can be seen, there was an overall increase in Hotel Performance compared to 2017. This is one of the reasons why the hotels see the need to invest in their product.

Click Tag(s) for Related Articles: