Aruba Hotel & Tourism Association (AHATA) compiles the occupancy figures and hotel prices every month, and AHATA’s CEO, Tisa LaSorte, announces that the RevPAR has increased once again because guests are paying a higher price, while the occupancy rates decrease.
OCTOBER 2023:
Occupancy: The occupancy rate was 74%, which is nearly the same as it was in October of 2022, and 5% lower than the occupancy rate in October 2019.
ADR (Average Daily Rate): The average price per room sold was $285.19, which is an increase of 6% compared to October 2022.
RevPAR: The average revenue per available room was $210.60, representing a 6% increase when compared to 2022 and a 22% when compared to 2019. RevPAR is the key financial indicator before deducting operational expenses and taxes.
JANUARY – OCTOBER 2023:
Occupancy: The average occupancy for the first ten months was 77%, an increase of 5% compared to the same period in 2022. (Please note that tourism in the first quarter of 2022 was heavily affected by COVID-19). The average occupancy during the first ten months of 2023 is 9% less than compared to the same period in 2019.
ADR: The average price per room sold was $337,64, which is 12% higher than the same period in 2022.
RevPAR: The average revenue per available room for the first ten months was $261,34; 13% more when compared to 2019.
PROJECTION:
The current projection for average hotel occupancy in November is 78%, in December is 79%, and in January is 78%. The expectation for the full year of 2023 is a 73% occupancy rate, which represents a 13% reduction compared to the average in 2019.
TIMESHARE:
Occupancy in timeshare properties was 85% in October 2023.
AHATA Hotel members: Amsterdam Manor Beach Resort, Barceló Aruba, Boardwalk Boutique Hotel, Brickell Bay Beach Club, Bucuti & Tara Beach Resort, Courtyard by Marriott, Divi & Tamarijn All-Inclusive, Eagle Aruba Resort, Embassy Suites by Hilton Aruba, Holiday Inn Resort Aruba, Hyatt Regency Aruba, Hyatt Place Aruba Airport, Manchebo Beach Resort, Marriott Aruba & Stellaris Casino, Ocean Z Hotel, Paradera Park, Radisson Blu Aruba, Rehoboth Peaceland Boutique Hotel, Renaissance Wind Creek Aruba Resort, The Ritz-Carlton Aruba, RIU Palace Aruba, RIU Palace Antillas, and Talk of the Town Hotel.
AHATA Timeshare members: Divi Aruba Phoenix, Divi Dutch Village, Divi Village Golf, La Cabana, Marriott Ocean Club, Marriott Surf Club, and The Mill Resort.
AHATA Vacation rental members: Aramis Real Estate, Aruba’s Life Vacation Residences, Casiola Aruba, Cobalt Blue Residences, Ford Property Management, Turibana Plaza, Santa Lucia Landhuis, and Russo Real Estate.
