ORANJESTAD, Aruba – The Aruba Hotel & Tourism Association (AHATA) has announced the performance of the hotel and tourism sector for the years 2022 and 2023. Here is a summary of the key data.
2022: A Year of Recovery
January to May 2022: The average occupancy rate in the first five months was 69%, a decrease of 20% compared to 2019. The average daily rate (ADR) was $325.88, slightly higher than in 2019, while the revenue per available room (RevPAR) was $225.40, a 17% decrease from 2019. July 2022: The occupancy rate reached 82%, a recovery of 93% compared to 2019. ADR increased by 20% to $297.16, and RevPAR was $244.24, an 11% increase from 2019. Year-to-date 2022 (First 7 months): The average occupancy rate was 73%, 16% less than in 2019. ADR increased by 7% to $313.45, but RevPAR was $227.96, a 10% decrease from 2019.
2023: Growth and Challenges
January to April 2023: The average occupancy rate for the first four months was 82%, a significant increase compared to 2022. ADR was $393.59, 14% higher than in 2022, and RevPAR was $324.48, an increase of 40.7% compared to 2022. May 2023: The occupancy rate was 74%, 6% lower than in May 2022. ADR increased by 13% to $295.81, and RevPAR was $217.4, 6% more than in 2022. July 2023: The occupancy rate was 78%, 5% less than in July 2022. ADR was $325.50, 9% higher than in 2022, and RevPAR was $252.10, a 3% increase from 2022.
Conclusion
The hotel and tourism industry in Aruba, represented by AHATA, experienced fluctuations in occupancy rate, ADR, and RevPAR in 2022 and 2023 but demonstrates resilience and gradual recovery from the impact of the COVID-19 pandemic. The focus is shifting towards generating more revenue per room instead of merely increasing occupancy rates.