Caribbean Hospitality on the Rise: Miami Hosts Premier Hotel and Resort Investment Summit

The annual Caribbean Hotel and Resort Investment Summit has commenced in Coral Gables, Florida, marking the region’s most prominent event in the hospitality industry. Held at the Loews Hotel in Miami’s Coral Gables neighborhood, the 14th edition of the summit brings together a distinguished group of developers, hotel owners, investors, and executives from across the Caribbean. With over 400 delegates in attendance, approximately one-third of whom are presidents, CEOs, or owners, this year’s event promises to be a significant platform for industry collaboration and advancement.

The conference’s opening day featured a series of engaging sessions. Jeff Higley, President of the BHN Group, commenced the summit with an enthusiastic kick-off, setting the stage for the days ahead. Following that, Nicola Madden-Greig, President of the Caribbean Hotel and Tourism Association, took the stage to update the audience on the latest data and trends in the region. Notably, she highlighted the Caribbean’s impressive resilience in the face of the pandemic, citing data from flight analytics firm ForwardKeys. The region has demonstrated a remarkable recovery, surpassing all other parts of the world. Unlike the global average decline of 31 percent in tourism numbers compared to 2019, the Caribbean has already reached its pre-pandemic visitor levels this year.

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Moreover, the summit’s agenda featured the presentation of a prestigious Lifetime Achievement Award to Nick and Karolin Troubetzkoy, esteemed owners of the Jade Mountain and Anse Chastanet resorts in Saint Lucia. This recognition celebrates their outstanding contributions to the industry and their exceptional resorts.

In addition to these highlights, the summit encompassed various breakout sessions that facilitated in-depth discussions on hotel market trends and specific sectors such as all-inclusive accommodations. Furthermore, investment agency presentations from sought-after destinations like Turks and Caicos and Belize provided valuable insights for potential investors.

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The Caribbean Hotel and Resort Investment Summit serves as a valuable platform for industry professionals to network, gain insights, and forge collaborations. With its high-profile attendees and comprehensive agenda, this event plays a crucial role in shaping the future of the Caribbean hospitality industry.

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