The Central Bank of Barbados is preparing to launch a transformative Instant Payments System (IPS) in March 2026, a move that promises to make financial transactions faster, safer, cheaper and more inclusive across the economy. The IPS is part of the Barbados Payments Modernisation Project, being implemented with support from the World Bank, and is set to overhaul the island’s outdated and fragmented...
The Caribbean Tourism Organization (CTO) has signed a two-year agreement with global nonprofit Conservation International to promote sustainable, nature-positive tourism across the region. The Memorandum of Understanding, signed on June 11 at the CTO’s Barbados headquarters, outlines a framework to support conservation-focused tourism models that protect biodiversity, strengthen local economies, and...
A newly listed beachfront resort in The Bahamas, priced at just under $25 million, is drawing attention not just for its location, but for what it reveals about the value of operational hospitality assets in the Caribbean. Located just seven miles from Exuma International Airport and under two miles from George Town, Hideaways at Palm Bay sits on nearly 800 feet of sandy beachfront along the island’s...
The Caribbean tourism landscape is undergoing a remarkable transformation in 2025, led by Barbados, Jamaica, and the Dominican Republic. These destinations are at the forefront of a powerful resurgence driven by record-breaking visitor arrivals, expanded air connectivity, a wave of new luxury resorts, booming cruise traffic, and sweeping policy reforms aimed at boosting long-term travel revenue. This...
Marriott is expanding its luxury footprint in the Caribbean with the relaunch of one of Barbados’ most iconic beachfront resorts — Colony Club. Slated to reopen on September 1, the revamped property joins Marriott’s Luxury Collection, offering a refined escape along the island’s famed Platinum Coast. This marks a notable departure from Marriott’s recent all-inclusive trend in the region....
Barbados will officially be removed from the European Union’s list of high-risk third countries on August 5, paving the way for smoother financial transactions and improved business relations with European institutions. Attorney General Dale Marshall confirmed the development, noting that the relevant legislation was published in the EU’s Official Journal this week. “This move brings welcome...
Barbadians are spending over $1 billion annually on e-commerce, but 97% of that money is flowing out of the country to international giants like Amazon and Shein. For investors and entrepreneurs, this staggering gap presents a high-potential opportunity to build and scale local and regional e-commerce ventures in Barbados. According to George Connolly, digital strategist and council member of the...
Barbados is launching a major $185 million initiative aimed at transforming inner-city communities and upgrading healthcare facilities across the island. The dual-focus investment includes new housing infrastructure, climate-resilient upgrades, and long-overdue improvements to the polyclinic system. Minister in the Ministry of Finance, Ryan Straughn, presented two related resolutions in the House of...
Barbados is undergoing a real estate renaissance and this time, it's Americans leading the charge. For the first time in over 30 years, U.S. buyers have overtaken the British as the largest group of property investors on the island. Between January and September last year, Barbados welcomed over 175,000 U.S. visitors - a record that not only boosted tourism but drove a 25% spike in luxury home sales....
Hilton is expanding its presence in the Caribbean with the launch of its newest hotel brand, Spark by Hilton, making its regional debut in Ponce, Puerto Rico. This marks the first Spark property in both the Caribbean and Latin America, signaling a new era for affordable yet high-quality stays in the region. A New Kind of Stay in Ponce Set to open by the end of 2025, Spark by Hilton Ponce will be...