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Caribbean Property News This Week

Caribbean Real Estate News: Highlights and Insights Hurricane Preparedness: The Caribbean Tourism Organization (CTO) has emphasized the importance of preparedness and solidarity during the hurricane season. With Hurricane Beryl impacting St. Vincent and the Grenadines, the CTO underscores the need for coordinated efforts in disaster management and recovery across the region​. How to support the...

Kimpton’s Caribbean Debut: A New Gem in the Dominican Republic

Marking the Kimpton brand's first venture into the heart of the Caribbean, Kimpton Las Mercedes is set to open its doors in the Summer of 2024. Located in the Dominican Republic, this exquisite hotel will be housed in a meticulously preserved 16th-century structure, under the visionary guidance of award-winning architect Rafael Moneo. Nestled in Santo Domingo’s Colonial City, a neighborhood rich in...

Barbados Chosen as Central Hub for Small Island Developing States (SIDS)

Barbados has been designated as the new global hub for Small Island Developing States (SIDS), following a landmark agreement signed at the UNCTAD Global Supply Chain Conference held at the Lloyd Erskine Sandiford Centre in Barbados. The agreement, signed by Gerd Muller, Director General of the United Nations Industrial Development Organisation (UNIDO), and Kerrie Symmonds, Minister of Foreign Affairs...

AI in Caribbean Tourism: CHTA Leads the Way with New Guide

The Caribbean Hotel and Tourism Association (CHTA) proudly introduces its revolutionary guidebook, "Artificial Intelligence Transformation Guide for Caribbean Tourism." This groundbreaking project, led by the CHTA Technology Task Force, represents a major milestone as the first AI-focused guidebook released by a regional Hotel and Tourism Association. Authored by Christus Gill with the support of AI...

Banyan Tree Unveils Its First Caribbean Resort in the Bahamas

The forthcoming Banyan Tree Bimini Resort & Residences will be the first Banyan Tree Resort and Residences to open in the Caribbean, bringing an unparalleled level of luxury to the Bimini, Bahamas real estate market. This elite development by Rockwell Island Development Group promises to become a prime destination for discerning property investors and residents. Elevating Caribbean Real...

Exploring Barbados’ Investment Potential

Barbados, known for its rich culture, pristine beaches, and welcoming climate, presents a myriad of opportunities for investors looking to enter the Caribbean real estate market at various price points. With its growing popularity among tourists and investors alike, Barbados has become a hotspot for those seeking lucrative investment options. Here are some ways to tap into this thriving...

CIBC Caribbean Sees Strong Revenue Growth in First Half of Financial Year

The economies of the Caribbean region are returning to pre-pandemic growth levels, and CIBC Caribbean attributes this recovery as a key factor in its robust performance for the first half of its financial year. The Barbados-headquartered regional financial institution recently released its unaudited consolidated statement of comprehensive income for the six months ending April 30. The financial report...

Strategic Guide to Caribbean Property Investments

The allure of Caribbean real estate extends far beyond its stunning vistas and vibrant cultures; it presents a lucrative opportunity for investors. Investing in Caribbean properties, especially in nations offering citizenship by investment (CBI) programs, can yield substantial rewards. Navigating the Investment Journey Here’s a detailed roadmap for investing in Caribbean real...

From Cricket to Careers: Sports Tourism Fuels Barbados’ Economy

Sports play a crucial role in Barbados' tourism industry, according to Kamal Springer, Sports Manager at the Barbados Tourism Marketing Inc (BTMI). Speaking to pupils at Eagle Hall Primary School during their Male Week initiative, Springer emphasized the significant economic impact of sports tourism on the island. Under the theme "Today’s Boys, Tomorrow’s Tourism Stars," Springer encouraged...

$2 Billion Esencia Project to Transform Caribbean Tourism Landscape

A transformative $2 billion project named Esencia is set to redefine the Caribbean hospitality landscape, positioning Puerto Rico as a premier luxury destination. This ambitious venture, led by British billionaire brothers David and Simon Reuben, in collaboration with Roberto Ruiz and Will Bennett of Three Rules Capital, aims to inject vitality into the region's economy and tourism sector. Situated in...

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