2024 Year-end Recap and 2025 Trends
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Aerostar reports that October arrivals at San Juan’s International Airport (SJU) increased by 1.8% compared to the same month last year, setting a new monthly record of 435,000 passenger arrivals.
Despite weather disruptions affecting several days in the U.S. Southeast, Florida continues to be the leading origin for flights, with 16% of total passengers arriving from Orlando International Airport (MCO) and 35% of all passengers coming from Florida airports overall.
Future seat capacity from U.S. and non-Caribbean international destinations is expected to increase by 11.4% for November and December. This includes a 30% increase in seats from New York, 27% from Newark, 72% from Houston, and 41% from Dallas.
Aerostar also forecasts that total passenger volume for 2024, including arrivals and departures, will reach 13 million, marking a 6.5% increase from the previous year.
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The lodging industry on the Island has experienced impressive growth over the past decade, primarily driven by the expansion and formalization of the rental market through digital booking platforms. As of October, year-to-date lodging supply has exceeded 9.5 million nights, with the rental market contributing 47% of the total lodging supply.
The hotel market faced significant challenges after Hurricane Maria, and some hotel properties remain closed. However, hotel supply nights, tracked by Smith Travel Research (STR), have increased by 4% year-to-date, nearing pre-Hurricane Maria levels.
In October 2024, total lodging supply reached 918,000 nights, representing an 8% increase compared with the same period last year. This includes a 3% increase in hotel supply and a 14% increase in available rental nights.
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Based on current estimates, total lodging demand for October 2024 showed a modest growth of 0.6% compared to the same period last year, with hotel night demand declining by 6%. However, a strong average rate growth of 9% led to hotel room revenues reaching $63 million, marking a 3% increase from last year.
AirDNA recently improved the accuracy of its data on revenue, average rates, and RevPAR. According to their updated information, rental room night bookings in October increased by 11% year-over-year. Although the average rental rate dropped by 10% to $214, rental revenue rose to $39 million, a 10% increase from last year.
Year-to-date, lodging revenue has nearly reached $1.6 billion, which is 8% higher than last year.
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Here's a clearer, more concise version:
As the year comes to a close, new travel trends for 2025 are emerging among Americans, highlighted by Hilton’s annual trends report:
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- Outdoor Adventures: 1 in 5 leisure travelers plan to embark on outdoor adventures in 2025.
- Nostalgic Travel: 58% of global travelers with children are motivated to revisit destinations from their childhood.
- Slow Travel: Travelers are embracing immersive, extended stays to experience local culture.
- Digital Detox: 24% of global travelers are disconnecting from social media more during vacations.
- Culinary Experiences: Nearly 1 in 5 leisure travelers prioritize new dining experiences, with 50% making restaurant reservations before their flights.
- Soft Travel: Over 1 in 5 travelers seek trips focused on self-discovery or mental health, favoring simplicity and spontaneity.
- Sports Travel: Travel to attend sports events, whether professional, youth, or amateur, is on the rise.
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500 Calle De La Tanca
Building Ochoa, Suite 402B
San Juan, PR 00901, USA
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