Caribbean Real Estate News: Highlights and Insights Luxury Real Estate Boom: The Caribbean continues to be a hotspot for luxury real estate, with significant projects in the Cayman Islands, Bahamas, and Barbados. The Cayman Islands, known for its favorable tax environment and strong demand for luxury properties, remains resilient despite global economic challenges. The Bahamas is experiencing a shift...
Wear blue and yellow for Barbados today! Barbados is bursting with pride as Sada Williams etched her name into the annals of Olympic history at the 2024 Paris Games. In an electrifying performance, Williams became the first Barbadian woman to secure a spot in an Olympic athletics final, a moment that will forever resonate with the island nation. The historic achievement occurred shortly after...
The Caribbean is experiencing a rapid rebound in tourism following the disruption caused by Hurricane Beryl last month, according to the Caribbean Hotel and Tourism Association (CHTA). Despite the storm's severe impact, particularly in the Grenadines, the region has made a "remarkable turnaround," driven by renewed interest from U.S. travelers, its largest market. Hurricane Beryl, which struck the...
In 2024, Barbados emerged as a key contributor to the growth of air traffic in the Caribbean, driven by a remarkable recovery in its tourism sector. The Grantley Adams International Airport (GAIA) played a pivotal role, witnessing a significant rise in passenger numbers as the island’s tourism industry rebounded from the disruptions of previous years. Monthly arrivals at GAIA consistently surpassed...
Barbados’ most famous native, Rihanna, made a triumphant return to the Crop Over Festival, marking her first appearance since 2019. The global superstar, known for her iconic fashion statements, once again stole the show at the Grand Kadooment parade, a centerpiece of the island’s most cherished cultural celebration. On Monday, August 5, 2024, the streets came alive as Rihanna joined the...
Barbados is set to launch its inaugural Battery Energy Storage System (BESS) project, a significant step towards enhancing the country's renewable energy infrastructure. This initiative aims to bolster the electricity grid and facilitate the connection of previously stalled solar photovoltaic (PV) systems. The Ministry of Energy and Business is spearheading a three-day Procurement Design Workshop,...
The Caribbean's access to African markets is set to expand significantly, thanks to a new partnership between the Caribbean Export Development Agency (Caribbean Export) and the African Export-Import Bank (Afreximbank). This collaboration, formalized through a Memorandum of Understanding (MoU), aims to strengthen ties in crucial areas such as capacity building, information exchange, trade facilitation, and...
Plans are underway to welcome smaller cruise ships to Speightstown as early as the upcoming cruise season, Member of Parliament for St. Peter, Colin Jordan, has revealed. The initiative aims to revitalise the historic town and boost economic activity. Speaking at the annual general meeting of the Barbados Labour Party’s St. Peter branch at The Alexandra School, Jordan shared that cruise liners have...
As the Caribbean hotel industry continues to expand, MGallery is making its debut in the region with an exciting new property. The Whimsy Hotel & Spa Saint-Martin – MGallery Collection is set to open in 2025, bringing a blend of French elegance and Caribbean charm to the island of Saint-Martin. Located near Marigot on the French side of Saint-Martin, the hotel will transform the former Beach...
Richard Branson’s Moskito Island, a 125-acre haven of luxury in the British Virgin Islands, has announced the debut of its newest villa, Cape Stout. This addition promises to enhance the island's reputation for exclusivity and unparalleled natural beauty. Cape Stout is strategically situated at the very tip of Moskito Island, offering sweeping views of both sunrise and sunset. The six-building estate...