ATLANTA—The average Caribbean hotel enjoyed an 18.6% increase in net operating income (NOI) during 2013, according to its a newly released report from PKF Consulting USA.
The San Francisco firm's 2014 edition Caribbean Trends in the Hotel Industry., notes that 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 of PKF Consulting's Atlanta office. “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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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
