“Filling hotel rooms generates the highest spinoff impact on tax revenues, employment and economic activity compared with all other important categories of visitors, including cruise passengers, renters and yachters,” said Comito.
According to STR, a data and analytics specialist, hotel occupancy declined in September 2018 to 48.8 percent, a drastic dip from previous months this year. April had the highest occupancy for the year so far with 72.8 percent. Hotel occupancy from January to September 2018 is lower than previous years standing at 66.9 percent compared to 67.4 percent in the same corresponding time in 2017 and 68.8 percent in 2016. Online registration for CHTA’s annual signature event is open and participants can take advantage of the special rates which are available until November 6, 2018.
Caribbean Travel Marketplace 2019 is produced by CHTA in collaboration with co-hosts Jamaica Hotel & Tourist Association, the Jamaica Tourist Board and the Jamaica Ministry of Tourism. It is the leading event in the Caribbean tourism industry where more than 1,000 delegates from 26 Caribbean countries meet with buyers from over 20 markets.
This year’s host sponsors are Interval International, JetBlue Vacations and MasterCard, while Platinum sponsors include Adara, AMResorts, Figment Design, OBMI, Sojern, STR, Travelzoo and Marketplace Excellence. Gold sponsors are Best Western International, Flip.to, Jack Rabbit Systems, Northstar Media, Rainmaker, Simpleview, The New York Times,Travalliance Media, Travel Relations, and TravPRO Mobile.
The 2019 event is expected to have an increase in the number of buyers and suppliers and exciting new activities that will strengthen the connectivity between industry stakeholders.