Marriott’s all-inclusive footprint in the Caribbean is growing, and Barbados is once again at the heart of this exciting expansion. From boutique beach hotels to grand luxury resorts, Marriott Bonvoy members now have access to a wide variety of properties across the Caribbean, including the newly launched Almare on Isla Mujeres. But what many don’t realize is that Marriott’s journey into the...
Alora Barbados is redefining luxury living on the island’s exclusive West Coast with turnkey, fully furnished, and rental-ready apartments. Perfect for discerning buyers, these modern residences are ideal for full-time living, vacation retreats, or income-generating investments. With construction well underway and completion slated for early 2025, Alora offers a seamless blend of comfort,...
Barbados is positioning itself as a gateway for UK businesses eager to expand into the Caribbean, offering a stable economy, modern infrastructure, and a vibrant trade partnership with Britain. These opportunities were spotlighted as the 2024 UK Trade and Investment Mission to Barbados officially kicked off this week. The opening event, hosted at the elegant Crane Resort, was a collaboration between...
The Caribbean Development Bank (CDB) has issued a clarion call for regional governments to foster dynamic ecosystems that elevate businesses to international competitiveness. Speaking at a recent launch event, Ian Durant, the CDB's Director of Economics, emphasized the urgent need for targeted reforms to empower businesses and position them as global contenders. Durant pointed out that while the...
Barbados has taken center stage at COP29, held in Baku, by unveiling its Investment Plan for Prosperity and Resilience—a transformative strategy aimed at enhancing the island's quality of life while positioning it as a global leader in climate-positive innovation. This ambitious roadmap highlights $11.6 billion in investment opportunities across sectors such as the blue economy, housing, renewable...
Over 300 investors, tourism officials, and industry leaders gathered in Barbados this week for the island’s inaugural hosting of the Caribbean Hotel Investment Conference and Operations Summit (CHICOS). During the November 13–15 event, held at the Wyndham Grand Barbados Sam Lord’s Castle, Minister of Tourism Ian Gooding-Edghill encouraged participants to explore the abundant investment...
Barbados has seen a pivotal shift in its tourism market, with the United States surpassing the United Kingdom as the primary source of visitors, signaling significant growth and change for the island’s travel industry. This development was highlighted by Javon Griffith, President of the Barbados Hotel and Tourism Association (BHTA), at the association’s fourth quarterly press briefing. According to...
The Caribbean has witnessed a surge in luxury property investments as affluent buyers, attracted by its beauty and tax incentives, seek secondary homes in tropical settings. Global property consultancy Knight Frank reports that, since the pandemic, the Caribbean has become a top destination for high-net-worth individuals (HNWIs), sparking new high-end developments that are redefining island luxury. On...
In a strong third-quarter performance, the Barbados dollar funds of Fortress Fund Managers (FFM) reached new all-time highs, bringing substantial returns to long-term investors. FFM’s September 2024 quarterly report shared the impressive growth across its key funds: the Fortress Caribbean Growth Fund, the Fortress High Interest Fund, and the Fortress Caribbean Pension Fund. Caribbean Growth Fund...
Barbados is set to receive a significant airlift boost from the United States this winter, as American Airlines (AA) resumes its direct service from New York’s JFK and introduces a new non-stop flight from Philadelphia. José María Giraldo, AA's Managing Director of Operations for Mexico, Central America, and the Caribbean, announced the expansion at Grantley Adams International Airport during a...