On August 23, 2024, at the CAPA Airline Leader Summit for Latin America & the Caribbean, Rosa Harris, Chairman of the Caribbean Tourism Organisation (CTO), emphasized the increasing demand for premium and luxury travel across the Caribbean region. Harris remarked that there is currently "a lot more money" in the Caribbean travel market, highlighting the need for the tourism sector to strategically...
Caribbean hotel occupancy experienced fluctuations in 2024, largely due to the impact of Hurricane Beryl. While the first half of the year saw consistent growth in occupancy, with a peak of 71.3% by June, July saw a decline of 1.9% in occupancy compared to the previous year. This dip was attributed to the direct effects of Hurricane Beryl, which caused significant disruptions across several islands,...
Royal Caribbean International is set to make a splash with the launch of its latest mega ship, Star of the Seas, in August 2025. This new addition to the Icon Class lineup promises to elevate the cruising experience with a host of innovative features and thrilling activities, designed to captivate travelers of all ages. Star of the Seas will begin offering seven-day Caribbean cruises from Port...
Rosewood Hotels & Resorts has unveiled its latest jewel in the Caribbean, Rosewood Exuma, a secluded private island experience set in the stunning Exumas archipelago. Partnering with Miami-based investment firm Yntegra Group, Rosewood aims to redefine luxury and sustainability in this pristine Bahamian locale. Situated on the serene East Sampson Cay, Rosewood Exuma spans 124 acres of untouched...
Jabnival 2024, held during Barbados' vibrant Crop Over Festival, proved to be an unforgettable experience that left its mark on both locals and visitors alike. This annual event, hosted at the scenic Savvy On The Bay in Bridgetown, brought a unique energy to the island’s premier cultural celebration. Taking place on the night of August 1, 2024, under the lively theme "Naranja," Jabnival was more than...
In response to recent concerns regarding the Central Bank of Barbados' economic report and analysis, the institution has reiterated its commitment to accuracy, transparency, and public trust—principles that have been foundational throughout its 50-plus-year history. The Central Bank emphasizes the vital importance of precise, transparent, and objective economic reporting in maintaining public confidence...
The Caribbean Tourism Organization (CTO) has announced the preliminary roster of speakers for its upcoming State of the Industry Conference (SOTIC) in Grand Cayman, set to take place early next month. This year’s conference, held at the Westin Grand Cayman Seven Mile Beach Resort and Spa, is centered around the theme "Caribbean Tourism: Fueling Our Lifeblood." The theme underscores the critical...
Fortress Fund Managers (FFM) may see significant benefits for their Barbados dollar funds as global interest rates begin to decline. In FFM's June 2024 quarterly report, it was highlighted that the Fortress Caribbean Growth Fund, the Fortress Caribbean High Interest Fund, and the Fortress Caribbean Pension Fund are well-positioned to take advantage of this global trend. View Commercial Properties...
The Government of Barbados is crafting a comprehensive modern industrial policy aimed at strengthening local manufacturers and enhancing their ability to compete in international markets. This announcement was made by Minister of Industry, Innovation, Science, and Technology, Marsha Caddle, during the Barbados Manufacturers’ Association’s (BMA) 60th anniversary Mix & Mingle event at Hayman’s...
President Donald Trump's corporate trust is in the process of selling a multimillion-dollar Caribbean resort, sparking renewed ethical debates. The property, known as Le Chateau des Palmiers, boasts two villas and five acres of prime beachfront on French St. Martin. This sale raises questions about potential conflicts of interest, as wealthy buyers may seek to gain favor with the administration by...