Little Island Hotels Group Reports Occupancy Decline Amid Global Uncertainties

Little Island Hotels group, which includes properties in Ocean View, on Harbour Island, and The Farm on Eleuthera, is experiencing a decline in bookings ahead of the winter season. The group reported that average occupancies across its portfolio currently stand at 35 percent, compared to 45 percent at the same time last year. The proprietor attributed this year-over-year drop to cost of living pressures, upcoming US mid-term elections, and geopolitical uncertainties. The outlook for the Christmas and New Year period is reported to be strong, tracking within 6 percentage points of the prior year’s occupancy levels.

The group aims to close a current 30 percentage point gap to reach its typical average occupancy of 75 percent for January. The current performance challenges are seen as a factor affecting the business operations tied to the group's revenue performance.