The Caribbean is experiencing an exciting new era in luxury real estate, as the region continues to attract high-net-worth individuals (HNWIs) from around the world. The islands’ natural beauty, idyllic climates, and favorable tax regimes have long been a draw, but in recent years, new luxury developments and a surge of interest from remote workers have taken the market to new heights. These factors...
Barbados has formalized a significant $500 million agreement with the Export-Import Bank of the United States (EXIM Bank), aimed at strengthening essential sectors such as renewable energy, cybersecurity, water infrastructure, and maritime security. The Memorandum of Understanding (MOU), signed by Prime Minister Mia Mottley and EXIM Bank Chairman and President, Reta Jo Lewis, is set to remain in effect...
Barbados Tourism Marketing Inc. (BTMI) is rolling out a vibrant invitation to remote workers based in Ireland, encouraging them to make the most of the island’s ‘Welcome Stamp’ programme. This initiative offers Irish professionals the chance to work remotely from the sunny shores of Barbados for a full year, combining productivity with paradise. Launched in 2020, the Barbados Welcome Stamp...
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...