The Central Bank of Barbados is preparing to launch a transformative Instant Payments System (IPS) in March 2026, a move that promises to make financial transactions faster, safer, cheaper and more inclusive across the economy. The IPS is part of the Barbados Payments Modernisation Project, being implemented with support from the World Bank, and is set to overhaul the island’s outdated and fragmented...
A newly listed beachfront resort in The Bahamas, priced at just under $25 million, is drawing attention not just for its location, but for what it reveals about the value of operational hospitality assets in the Caribbean. Located just seven miles from Exuma International Airport and under two miles from George Town, Hideaways at Palm Bay sits on nearly 800 feet of sandy beachfront along the island’s...
The Caribbean tourism landscape is undergoing a remarkable transformation in 2025, led by Barbados, Jamaica, and the Dominican Republic. These destinations are at the forefront of a powerful resurgence driven by record-breaking visitor arrivals, expanded air connectivity, a wave of new luxury resorts, booming cruise traffic, and sweeping policy reforms aimed at boosting long-term travel revenue. This...
Marriott is expanding its luxury footprint in the Caribbean with the relaunch of one of Barbados’ most iconic beachfront resorts — Colony Club. Slated to reopen on September 1, the revamped property joins Marriott’s Luxury Collection, offering a refined escape along the island’s famed Platinum Coast. This marks a notable departure from Marriott’s recent all-inclusive trend in the region....
Barbados will officially be removed from the European Union’s list of high-risk third countries on August 5, paving the way for smoother financial transactions and improved business relations with European institutions. Attorney General Dale Marshall confirmed the development, noting that the relevant legislation was published in the EU’s Official Journal this week. “This move brings welcome...
Barbadians are spending over $1 billion annually on e-commerce, but 97% of that money is flowing out of the country to international giants like Amazon and Shein. For investors and entrepreneurs, this staggering gap presents a high-potential opportunity to build and scale local and regional e-commerce ventures in Barbados. According to George Connolly, digital strategist and council member of the...
Hilton is expanding its presence in the Caribbean with the launch of its newest hotel brand, Spark by Hilton, making its regional debut in Ponce, Puerto Rico. This marks the first Spark property in both the Caribbean and Latin America, signaling a new era for affordable yet high-quality stays in the region. A New Kind of Stay in Ponce Set to open by the end of 2025, Spark by Hilton Ponce will be...
The Caribbean Private Sector Organization (CPSO) has welcomed the decision by Barbados, Belize, Dominica, and Saint Vincent and the Grenadines to allow full free movement of people by October 1, 2025. This move follows the rules set by the CARICOM Treaty and the Enhanced Cooperation Protocol. The CPSO is now encouraging all other CARICOM countries to do the same by December 31, 2025. At the 49th...
The Caribbean’s top tourism summit is heading back to Bridgetown. The Caribbean Tourism Organization (CTO) has announced that the 2025 State of the Tourism Industry Conference (SOTIC) will be held in Barbados from September 30 to October 3 at the Hilton Barbados Resort. Widely considered the most influential platform for shaping the region’s tourism future, SOTIC 2025 will unite a diverse group of...
Barbados is poised to become the first country to pilot a new regional debt-for-resilience facility, a groundbreaking financial model designed to redirect costly debt repayments toward sustainable development and social investment. This innovative mechanism—supported by four major multilateral development banks—will allow participating Caribbean nations to swap expensive government bonds for...