Area Analysis 16
Stay-Over Arrivals and GDP Per Capita 800,000 Ane RNee MIO 780,000 + er : . $55,000 760,000 740,000 $50,000 720,000 + aie nee 700,000 - 680,000 $40,000 660,000, + og 9gg 640,000 ; _ $30,000 620,000 +— , : a eee 600,000 - $25,000 2008 | 2009 | 2010 | 2011 | 2012 | 2013 2014 ——Stay-Over Arrivals | 683,294 | 666,051 | 691,194 | 678,962 | 737,651 | 702,963 | 730,367 GDP Per Capita | $41,864 | $42,712 | $43,656 | $40,557 | $35,123 | $33,375
Source: Virgin Islands Bureau of Economic Research, WorldBank, Integra Realty Resources
Hotel Performance
Data from Smith Travel Research indicates 2014 occupancy for reporting hotels of 67.8%, up 3.29% over the prior year. The reported average daily rate (ADR) was $308.98 (up 0.51%), leading to Revenue Per Available Room Night (RevPar) of $209.53 (up 5.63%).
Hotel Performance by Country - USVI
2013 2014 Growth Sample Size (Rooms) 1,504 Room Nights Available (Supply) $1,775,819 $1,750,284 -1.44% Room Nights Sold (Demand) $1,145,860 $1,186,924 3.58% Occupancy 64.5% 67.8% 3.29% Room Revenues $352,268,119 $366,739,620 4.11% ADR $307.43 $308.98 0.51% RevPar $198.37 $209.53 5.63% Rooms in Active Pipeline 12/31 0 453
Note: Values in United States Dollars Source: Smith Travel Research: Note: Sample Size reflects the number of rooms within the STR participating hotels
IGY American Yacht Harbor Marina
HOUSE_OVERSIGHT_018826