In a significant development for the Barbados real estate sector, the Barbados Estate Agents & Valuers Association Inc. (BEAVA) and Florida Realtors have renewed their joint memorandum of understanding (MoU) at a ceremony held at Sandy Lane. This renewed partnership is set to open new doors for international business opportunities, offering a boost to the local real estate market by expanding its...
Caribbean Community (CARICOM) countries stand to benefit from a newly approved set of reforms by the International Monetary Fund (IMF) that could enhance concessional lending to low-income nations. The IMF’s decision, announced on Monday, aims to preserve the financial institution’s ability to provide long-term support to low-income countries (LICs) while addressing global economic...
The Caribbean Media Exchange (CMEx) will celebrate an esteemed group of travel and tourism leaders at the 2024 Caribbean Media Exchange Leadership Awards. Scheduled for Sunday, December 8, 2024, in Miami, this prestigious event will bring together top executives from sectors including airlines, hotels, cruise lines, and the shipping industry to recognize their significant contributions to Caribbean...
The long-awaited Hyatt hotel development on The City’s historic waterfront is slated to commence in January, creating 1,500 jobs and providing a significant boost to the local construction industry. This was announced by developer Mark Maloney during the groundbreaking ceremony for the WestBeach Barbados project last Friday. The Hyatt Ziva all-inclusive hotel, which will extend from the Pierhead...
Barbados is reaping the rewards of recent discussions with Delta Air Lines, as the carrier has announced an increase in airlift for summer 2025. Starting from May 7, 2025, through September 7, 2025, Delta will operate daily non-stop flights from Hartsfield-Jackson Atlanta International Airport to Grantley Adams International Airport. Minister of Tourism and International Transport Ian Gooding-Edghill...
Private equity investment (PEI) is fueling a new wave of development in the Caribbean's hospitality industry, creating exciting opportunities for investors and entrepreneurs alike. With its thriving tourism sector, the Caribbean continues to attract international firms seeking to invest in luxury hotel projects. A prime example of this is Rosewood Hotels & Resorts’ recent announcement of a 124-acre...
The newly appointed Canadian High Commissioner to Barbados, Her Excellency Brenda Hope-Wills, has expressed her commitment to strengthening the long-standing relationship between the two nations and exploring new avenues for collaboration. During a recent courtesy visit with Prime Minister Mia Amor Mottley at government headquarters, High Commissioner Hope-Wills affirmed her intention to build on the...
Investors looking to expand their portfolios into sustainable sectors should take note of the upcoming Eastern Caribbean Blue Economy Virtual Investment Forum. Under the theme, “The Blue Economy: A Wealth of Opportunities in Grenada, Saint Lucia, and Saint Vincent and the Grenadines,” this event is scheduled for November 26, 2024. It aims to establish the Eastern Caribbean as a premier destination for...
A significant trend is reshaping the Caribbean's hospitality landscape—the rise of branded residential resorts. Post-pandemic demand for luxury real estate and high-end residential experiences in the region has skyrocketed, with major hotel brands seizing the opportunity to cater to this growing market. One of the leading players in this trend is Marriott International. With its expanding portfolio...
St. James, located on the prestigious west coast of Barbados, offers an idyllic lifestyle, blending luxury, culture, and natural beauty. Known as the "Platinum Coast," St. James is celebrated for its stunning beaches, high-end real estate, and upscale amenities, making it a sought-after destination for both expatriates and locals alike. Whether you are considering moving to Barbados or looking to invest...