Despite hurricanes Irma and Maria, Caribbean hotel occupancy only fell 1.2 points in 2017, according to hotel data firm STR. Occupancy was 66.4%, the lowest level in the region since 2012.

Even though the hurricanes wiped out the fourth quarter for many hotels, the Caribbean's average daily rate (ADR) increased 1.9% to $204.64, the highest for any year on record for the region. Revenue per available room (RevPAR) rose 0.7% to $135.85.

"Even with the roughest hurricane season in years and several countries missing out on their traditional fourth-quarter business, total-year performance remained positive for the region," said Rico Louw, STR's client account manager.

March was the top-performing month for occupancy (76.1%), ADR ($248.90) and RevPAR ($189.48). Due to the impact of hurricanes Irma and Maria, September was the lowest month of the year for occupancy (46%), ADR ($146.73) and RevPAR ($67.45)

STR's census database shows more than 250,000 rooms in more than 1,900 hotels in the Caribbean.

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