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...
E-Finity Distributed Generation is at the forefront of transforming the Caribbean’s energy landscape, with its innovative microgrid solutions helping to power everything from large resorts to affordable housing developments across the region. The company has played a key role in promoting clean, reliable energy through its unique microgrid technology, which integrates solar power, battery storage,...
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...
Expected Opening: Spring 2026 | 220 Exclusive Rooms The much-anticipated Royalton CHIC Barbados is set to join Marriott’s prestigious Autograph Collection, bringing an all-inclusive, adults-only experience to Barbados like never before. Announced at the 2024 World Travel Market in London, this property by Blue Diamond Resorts aims to elevate the Caribbean travel scene, providing modern luxury and a...
Despite global economic uncertainties and the impact of hurricane Beryl, Barbados has maintained a steady economic growth path, demonstrating resilience in the face of challenges. The nation’s real GDP grew by 3.9% from January to September 2024, driven by key sectors such as tourism, business services, and construction. Inflation has moderated, unemployment has decreased, and Barbados’ external...
From October 16-21, 2024, the Barbados Chamber of Commerce & Industry (BCCI) led a delegation of Barbadian businesses on a successful trade mission to Panama. Organized in collaboration with Propanama, Export Barbados (BIDC), Invest Barbados, the Embassy of Barbados in Panama, and Barbados Tourism Marketing Inc., the mission aimed to expand market opportunities and strengthen economic ties between...