Tourism

Dept. of Tourism Celebrates Strong 2023, Eyes European and Canadian Connections, Partnerships

The U.S. Virgin Islands bids farewell to 2023 with a sense of accomplishment and a vision for an even brighter future in the coming year, the V.I. Dept. of Tourism has made known in a comprehensive release. Guided by Commissioner Joseph Boschulte, the territory has made significant progress across various key areas, D.O.T. said. Impressive Shared Economy Revenue In a year-over-year comparison, the U.S. Virgin Islands has continued to thrive in the shared economy industry, generating $343.4 million in revenue in 2023, down from the previous year's record-breaking $360.53 million. The territory has a hotel occupancy rate of 61.8%, with hotel bookings within the territory exceeding the regional average daily rate (ADR), standing at $463.23 compared to $318.81 regionally. Additionally, the territory's Revenue Per Available Room (RevPAR) consistently surpasses regional standards, the department said. Driving Caribbean Tourism Growth The U.S. Virgin Islands has played a pivotal role in t...