The allure of unspoiled beaches, turquoise waters and Caribbean culture is drawing millions of vacationers and business travelers to the U.S. Virgin Islands (USVI), according to a recent report.
Data provided by analytics firm ForwardKeys and the Caribbean Hotel and Tourism Organization shows that arrivals to the islands have jumped a staggering 18 percent so far in 2024, positioning itself as one of the fastest-growing territories.
In 2023, the USVI shared economy industry saw an impressive $343.4 million in revenue.
The average hotel occupancy rate (ADR) outpaces regional competitors with $463.23 per night, compared to $318.81 regionally. Additionally, the islands’ Revenue Per Available Room (RevPAR) keeps surpassing regional standards.
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