The Caribbean nations offering Citizenship by Investment (CBI) programs have once again cemented their dominance in the global migration industry, as evidenced by the latest 2024 CBI Index. For the fourth consecutive year, St Kitts and Nevis has been named the top-ranking nation, securing an impressive score of 84%. Other Caribbean nations, including Dominica (80%), Grenada (77%), Saint Lucia (74%), and...
Barbados is now part of the Kinesis Free Accelerator programme, a new initiative designed to enhance the growth and sustainability of startups with social and environmental impact across Latin America and the Caribbean. The programme, funded by USAID and operated by Agora Partnerships, was recently launched during an interactive event. Kinesis operates across several countries, including Chile,...
Recent reports have highlighted comprehensive analyses of tourism arrivals across Caribbean destinations and forecasts for the upcoming travel season. These insights are crucial for the region's tourism industry, a cornerstone of its economic vitality. The Caribbean Tourism Organization (CTO), renowned for its extensive tourism research spanning macro and micro trends that influence the region's...
BIBA Hosts Official Launch Event for October's Global Business Week Barbados is set to host Global Business Week from October 20 to 26, 2024, as announced by BIBA, the Association for Global Business. The launch event highlighted the island's ongoing efforts to remain competitive despite recent changes in corporate tax rates. Addressing concerns about companies leaving Barbados after the corporate...
IDB Invest, which is part of the Inter-American Development Bank (IDB) and works with private companies, has raised $750 million by selling a bond under its Global Debt Program. A bond is basically a loan investors give to an organization, and in return, they get interest over time. This bond will last for 2.5 years, and it pays 3.625 percent interest every six months. The price of the bond was set at a...
From the tranquil shores of Barbados to the crystal-clear waters of the Bahamas and Turks and Caicos, a wave of luxury developments is reshaping the Caribbean. These residences not only promise unrivaled beauty but also emphasize wellness and ease, offering the perfect balance of relaxation and modern amenities. Here’s a look at some high-end projects redefining Caribbean living—whether for...
First Hotel Set to Open in the Dominican Republic in 2026 Sonesta International Hotels Corporation has unveiled plans to significantly expand its presence in the Caribbean, announcing a deal to open five new Sonesta ES Suites properties in the Dominican Republic. This move forms part of the company's broader strategy to grow its footprint in Latin America. The first of these properties, an 80-room...
A group of 82 hospitality professionals from Barbados, including general managers and human resource staff, successfully completed a series of intensive workshops aimed at enhancing guest services. Sponsored by the Sandals Foundation and organized by the Caribbean Hotel & Tourism Association Education Foundation (CHTAEF), the workshops took place at Island Inn and marked the first post-pandemic visit...
Barbados is experiencing a major boost in its tourism sector as hotels and resorts undergo extensive renovations and rebranding efforts to enhance the island's appeal throughout the year. The Barbados Hotel and Tourism Association (BHTA) reports a transformation in the island’s tourism landscape aimed at attracting visitors year-round. Ryan Forde, BHTA Chief Executive Officer, highlighted the...
The Strand Turks and Caicos, a premier luxury resort community situated along 2,230 feet of pristine oceanfront in Providenciales, is gearing up for its grand opening on November 23, 2024. With limited availability, this highly anticipated resort promises to redefine exclusivity in the Caribbean, offering a blend of luxurious accommodations, world-class amenities, and unforgettable experiences that...