Search Result for: economic recovery

192 results found.

IMF: St Kitts and Nevis Showing Recovery

Above: St Kitts viewed from Nevis (CJ Photo) By the Caribbean Journal staff The International Monetary Fund has approved a three-year Stand-By Arrangement for $84.5 million with St Kitts and Nevis, in a bid to support the federation’s economic program […]

The Great Grand Bahama Comeback

Approaching five years post-Hurricane Dorian, it appears Grand Bahama is having a major moment in the sun. The northernmost Bahamian island was ground zero for the 2019 storm, which caused an estimated $7 billion in damage Bahamas-wide. Today, according to […]

Jamaica Looking to Boost Arrivals From South America

As Jamaica experiences its highest-volume tourism summer ever, the island is looking to add more arrivals from a burgeoning market: South America. Jamaica Tourism Minister Edmund Bartlett is looking to tap into three major markets: Argentina, Chile and Peru, all […]

Bermuda Projecting Surge in Visitors

Bermuda is seeing strong tourism numbers after two years of low demand that crippled the destination’s tourism industry. Buoyed by the upcoming SailGP events in May, the island is projecting stellar occupancy and a surge in visitors in the coming […]

How to Live in Dominica for a Year and a Half

Another Caribbean island has launched a program for remote workers: the Nature Island of Dominica. The new Work in Nature program offers the chance for approved visitors to stay for up to 18 months on the island. The program is […]

Sarah New on Recruiting for Hospitality and Construction in the Caribbean

Even amid the pandemic, the Caribbean construction industry is ploughing ahead, with more and more projects underway, particularly hotel projects. And that means it’s more important than ever to find the right people for the right jobs. The same is […]

What Does the Future Hold for Sandals Resorts International?

By Joe Pike, Special Contributor To access this content, subscribe now. Caribbean Journal Invest is the leading authority on hotel, real estate and investment news in the Caribbean. Subscribe today to unlock this article and receive our newsletter, or Log […]

CHTA Predicting Rapid Return of Caribbean Tourism

The Caribbean will see a rapid return of tourism to the region, according to Pablo Torres, the new president of the Caribbean Hotel and Tourism Association. The region will see tourism come back “faster than many parts of the world,” […]

An Inside Look at the Transformed Secrets Royal Beach Punta Cana

After a recent visit to the Dominican Republic by Caribbean Journal, it appears as though new COVID-19-related safety measures are making hotel guests feel comfortable booking at AMResorts’ two hottest properties in the country. CJ was on hand recently as […]

Secrets Royal Beach Resort Reopens in Punta Cana

Caribbean Journal was on hand this week as AMResorts, an Apple Leisure Group company, officially reopened the all-inclusive Secrets Royal Beach Punta Cana following a $36 million renovation. The reopening ceremony — which consisted of a traditional interpretation of the […]

Caribbean Hotel and Tourism Association Names New President

The Caribbean Hotel and Tourism Association has elected a new president, the regional tourism body announced this week. The CHTA has elected Pablo Jose Torres Sojo as its next president, succeeding Barbados hotelier Patricia Affonso-Dass. Torres is currently the general manager of […]

What Are the Incentives for Hotel Investment in the US Virgin Islands?

Grenada’s Spice Island Beach Resort to Reopen in November

Grenada’s Spice Island Beach Resort is gearing up to be fully operational for a tentative reopening on November 1, 2020, the property announced this week. The hotel’s has been monitoring local, regional and international developments related to the COVID-19 pandemic, […]

New USVI Legislation Aims to Spur Hotel Development

The US Virgin Islands has enacted a new bill aimed at spurring hotel development and construction in the Caribbean territory. The USVI’s expanded Hotel Development Bill gives hotel developers the ability to channel a percentage of room revenue both to […]

Another Solid Year For Bermuda Tourism

By Dana Niland CJ Contributor Bermuda tourism is as strong as it has been in years, according to new data from the Bermuda Tourism Authority. The island saw an 11.7 percent increase in leisure air arrivals in 2018, with a […]

Top St Thomas Hotel to Reopen in 2020

By Alexander Britell The Frenchman’s Reef & Morning Star Beach Resort in St Thomas, which was badly damaged during last year’s hurricanes, will reopen. The 502-room property, the largest hotel in St Thomas, is likely to open in 2020, according […]

Royal Caribbean Is Returning to St Thomas

By the Caribbean Journal staff St Thomas’ cruise industry will reactivate in a big way on Nov. 10, when Royal Caribbean will be the first cruise line to bring passengers to the island since Hurricanes Irma and Maria. St Thomas […]

CTO State of the Industry Conference Begins in Grenada

By Alexander Britell ST GEORGE’S — The Caribbean’s leading regional tourism conference began in earnest on Tuesday night in Grenada. The Caribbean Tourism Organization’s State of the Industry conference, held each autumn, is holding court at the Radisson Grenada Beach Resort […]

Grenada to Begin Search for Oil

Grenada has announced its intent to begin searching for oil in its waters. Grenada Prime Minister and Minister of Energy Dr. Keith Mitchell announced the endeavor in a national address last week following tributes from IMF, World Bank, CDB and […]

St Croix Is Planning a Major New Resort Project

Could St Croix get a major new resort? That’s the plan by the government of the US Virgin Islands, which is looking to bring a four-star resort project to the island. US Virgin Islands Governor Kenneth Mapp said his administration […]

A New $12 Million Condo-Hotel Project in Puerto Rico

A new condo-hotel project has opened in San Juan, Puerto Rico. The ESJ Azul has debuted after a $12 million transformation project of the former ESJ Tower in Isla Verde. The project now has 450 rooms, aimed at both vacation […]

Why Jamaica Can Regain Its Place As the Powerhouse of the Caribbean

A turning point By Dennis Chung CJ Contributor As was expected, 2015 was a turning point for the economy and the fiscal accounts. In 2015 the Jamaican economy started to see the benefits of the economic reform programme (ERP) and […]

Grenada Getting $15 Million Loan For Growth, Climate Resilience

By Dana Niland CJ Contributor The World Bank Board of Directors has approved a $15 million Development Policy Credit and Loan (DPC/DPL) with Grenada. This financing aims to foster sustainable conditions for private investment, improve public resource management, strengthen the […]

Jamaica’s Growth Outlook Is Improving

Positive signs for Jamaican economy By the Caribbean Journal staff Jamaica’s economy is showing some positive signs, according to the International Monetary Fund, which recently concluded a mission to the country. “A gradual economic recovery is underway.” said IMF Mission […]

Radisson Closes in San Juan

Above: the Radisson in San Juan By the Caribbean Journal staff The Radisson Ambassador hotel in San Juan, Puerto Rico has closed its doors. The company’s website reported that the “selected hotel is off-line and is not accepting reservations.” The […]

Caribbean’s Largest Oil Refinery Sold

Above: US Virgin Islands Governor John de Jongh By the Caribbean Journal staff HOVENSA, the St Croix-based oil refinery that was the largest in the Caribbean until it shuttered in 2012, has a new buyer. And it could mean an […]

Puerto Rico Governor Signs Bill on Small, Medium-Sized Enterprises

Above: Puerto Rico Governor Alejandro Garcia Padilla By the Caribbean Journal staff Puerto Rico Governor Alejandro Garcia Padilla has signed a bill aiming to boost small and medium-sized enterprises on the island. The new law has several provisions: it reserves […]

Op-Ed: Restoring Haiti’s Environment

By Stephane Vincent Op-Ed Contributor THERE IS a bit of irony in the fact that June 5, 2014, World Environment Day, fell on a Thursday. In the social media sphere, there is a popular hashtag, #ThrowbackThursday, also referred to as […]

From Antigua to Saint Lucia to St Kitts, This Caribbean Airline Is Growing