The foremost hotel investment conference in the Caribbean is set to return to Miami this April. The Caribbean Hotel and Resort Investment Summit (CHRIS) will take place from April 22nd to 23rd at the Loews Coral Gables Hotel. With over 450 registered delegates, including a significant portion holding esteemed positions such as CEO, Chairman, president, or owner, the event draws attendees from more than...
More than 500 fintech experts and enthusiasts convened in Barbados for the second edition of the Fintech Islands Experience 2024 (FiX24) conference, held at Sam’s Lord Castle, A Wyndham Grand Resort, from January 24. The event, marked by substantial growth, attracted participants from the Caribbean, Americas, Europe, and Africa. FiX24 garnered support from top-tier partners, with Mastercard as the...
A consortium from the private sector has unveiled Connect Caribe, a groundbreaking regional ferry service set to commence operations in the final quarter of 2024. With an initial investment of $100 million, this initiative aims to create an efficient sea transport system connecting various Caribbean nations. Connect Caribe plans to offer both weekly and daily round trips, linking Barbados with Saint...
The Caribbean island of Barbados, known for its pristine beaches and vibrant culture, has taken a significant step towards economic growth and development through the enactment of the Special Development Areas Act. This legislation is a strategic initiative aimed at fostering development by offering various concessions to approved developers. These incentives are designed to stimulate specific activities...
Are you dreaming of owning a piece of paradise and turning it into a lucrative business venture? Look no further! We have a remarkable opportunity that combines the allure of a tropical haven with the promise of a thriving investment. Nestled in the heart of Christ Church, Barbados, this turnkey hotel property is more than just a real estate listing—it's a golden ticket to a sun-soaked entrepreneurial...
In the latest Global Economic Prospects Report, the World Bank anticipates a steady recovery in the Caribbean and Latin America, projecting an overall economic growth of 2.3% and 2.5% for the region this year and the next. Despite a dimmed outlook for developing economies due to slowing growth and trade challenges, Barbados stands out with an optimistic forecast of 4.6% growth in 2024. The report...
City MP Corey Lane has emphasized the need to transform Bridgetown from a mere location to a dynamic, experiential destination. Speaking in the House of Assembly, Lane passionately supported the 2023-amended Barbados Physical Development Plan, highlighting its visionary approach. Lane argued that Bridgetown's evolution should transcend its traditional role as a shopping hub. He envisioned a city...
The International Finance Corporation (IFC) and the Barbados government have signed a contract to support the development and functioning of Barbados' first large-scale onshore wind farm. This landmark agreement ensures the necessary assistance for the construction and operation of the renewable energy project. By combining resources, the IFC and the government of Barbados aim to promote sustainable...
Barbados is currently playing host to a delegation of twenty-one representatives from Scotland and the United Kingdom (UK), who are on a mission to explore potential business and investment opportunities on the island. This initiative, known as the Trade and Investment Mission – Scotland to Barbados 2023, spans five days and brings together delegates from diverse sectors, providing a platform for...
In the next 12 to 24 months, Barbados could witness a significant construction boom, potentially leading to the importation of labor, according to James Edghill, co-founder of construction development firm One Builders. Edghill based his forecast on several planned projects, a low unemployment rate, and sustained economic growth in the country. Edghill emphasized the need for creativity in addressing...