Search Result for: falling

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Caribbean Hotel Occupancy Keeps Declining

Caribbean hotel occupancy fell in May for the fifth straight month, according to new data from STR, a data and analytics specialist. The region’s hotel occupancy fell by 3.1 percent in May compared to the same month in 2015. Average […]

Maximizing Jamaica’s Potential

AS I listened to the Planning Institute of Jamaica’s recent review of the Jamaican economy, I thought to myself that we have become a nation that is too used to mediocrity. The PIOJ estimated that the Jamaican economy grew by 0.9 […]

Doing Business in the Caribbean 2016

By Paul Hay CJ Contributor Doing Business 2016: Measuring Regulatory Quality and Efficiency is the 13th in the long-standing series of co-publications by the World Bank and International Financial Corporation (IFC). This annual report on the ease in doing business […]

Jamaica’s Growth Agenda

By Dennis Chung CJ Contributor Jamaica’s government has placed growth at the front of its priorities. Since political independence, in 1962, we have only seen growth of any significance in the period 1962 to 1972, and then about three years […]

An Under-The-Radar Caribbean Luxury Real Estate Market

It’s part of a sizable economy, on the Caribbean coast and full of historic charm. And it’s among the region’s hippest cities. But it’s a real estate market not generally on the radar of most would-be home or apartment buyers […]

The Caribbean Has an Air Tax Problem

By George Nicholson Op-Ed Contributor The regional airline industry has been characterised by a high degree of commercial difficulties. The last three decades has seen the Caribbean airspace littered with the remains of more than thirty carriers – some of […]

Finding a New Caribbean Island

By Sarah Greaves-Gabbadon CJ Travel Editor I’m determined that even rain won’t spoil my trip on Buck Island, the 176-acre islet about five miles offshore from Christiansted, St. Croix. It’s an oasis I’ve longed to return to since first visiting […]

Slow Start for Caribbean Hotels in 2016

The Caribbean’s hotel sector is off to a slow start so far in 2016, according to new data from STR. The analytics firm’s latest report showed regional hotel occupancy falling year-over-year in both January and February. In January, Caribbean hotel […]

Why Has Growth Been So Elusive for Jamaica?

Jamaica’s growth problem By Dennis Chung CJ Contributor SINCE the early 1970s, Jamaica has suffered from an anaemic growth rate of less than one per cent per annum. This despite many prescriptions and attempts by various governments, and promises by […]

Rethinking Caribbean Education

By Ryan Peterson CJ Contributor Consider going on an adventure towards a new destination in which you don’t trust the pilot, the flight attendant does not understand that you are thirsty, and she keeps telling you to put on your […]

Barbados Sets Tourism Record, Topping 300,000 Arrivals in First Half

Major growth in Barbados By the Caribbean Journal staff Barbados tourism is booming. The country reported 303,592 stayover arrivals in the first half of 2015, the first time the country has ever topped 300,000 visitor in the Jan-June period. That […]

Barbados Economy Showing Growth

After two slow years, signs of life By Dana Niland CJ contributor The International Monetary Fund (IMF) is projecting positive GDP growth for Barbados this year as a result of increased tourism arrivals and accelerated growth in key markets. After […]

Chef Nigel Spence: How to Make an Iced Tea Sangria

By Nigel Spence CJ Contributor I was saddened to hear of the passing of a very familiar and legendary actor, Leonard Nimoy – most popularly known as Lieutenant Spock on the equally popular series, Star Trek. He can be quickly […]

Turks and Caicos Premier Urges Tourism Sector on Local Employment

Above: TCI By the Caribbean Journal staff Turks and Caicos Premier Dr Rufus Ewing is calling on the territory’s tourism sector to give locals more opportunities for “meaningful gainful employment.” He also said he was urging the Immigration and Labour […]

Why Caribbean Business Needs Reform

By Paul Hay CJ Contributor Doing Business 2015: Going Beyond Efficiency is the 12th in the series of long-standing co-publications of the World Bank and International Financial Corporation which ranks the global competitiveness of nations annually. In this publication, 189 […]

LIAT to Cut Fuel Surcharge By Half

Above: a LIAT plane By the Caribbean Journal staff Regional airline LIAT will be reducing its fuel surcharge on tickets, the company announced. Beginning Jan. 15, the fuel surcharge will be reduced by 50 percent for all new bookings, CEO […]

Jamaica’s Prospects in 2015

By Dennis Chung CJ Contributor AS we come to the end of 2014, it is traditional for us to think about what will happen in the New Year. Apart from tradition, however, the end of a year is always used […]

Ranking the Caribbean on Human Development

Above: the Bahamas (CJ Photo) By the Caribbean Journal staff What are the most developed countries in the Caribbean, according to the United Nations Development Programme? The UNDP just released its annual Human Development Report, which scores countries on a […]

“Visible Progress” in Haiti: World Bank Managing Director

Above: Sri Mulyani Indrawati (World Bank Photo/Dominic Chavez) By the Caribbean Journal staff Haiti is seeing “visible progress,” according to World Bank Managing Director and Chief Operating Officer Sri Mulyani Indrawati, who recently concluded a three-day visit to the country. […]

Understanding the Path to Jamaica’s Development, Part 1

By Dennis Chung CJ Contributor ALMOST daily I get questions on what will happen to the Jamaican economy and whether or not we are moving in the right direction. Or sometimes, get a comment that my expressed cautious optimism is […]

Fear and the Jamaican Economy

By Dennis Chung CJ Contributor FEAR can be a very important learning tool if one understands and embraces it. A child for example learns through fear, and understanding how to minimize the risk associated with the fear. If, however, the […]

Jean Holder: Caribbean Tourism in 2014

The LIAT Chairman on what’s in store for 2014 By Jean Holder Op-Ed Contributor I AM more of an optimist than a prophet, otherwise I could not do what I do every day. I have an abiding faith in the […]

Political Independence and Economic Development in the Caribbean

By Paul Hay CJ Contributor In 2003, Alvin G. Wint – former head of the Department of Management Studies at the University of West Indies, Mona Campus – noted in his book, “Competitiveness in Small Developing Economies: Insights from the […]

IMF: Barbados Faces “Considerable Economic Challenges”

Above: Barbados (CJ Photo) By the Caribbean Journal staff Barbados continues to face “considerable economic challenges,” according to the International Monetary Fund. The fund recently concluded 10 days of discussions with Barbados for the 2013 Article IV consultation, led by […]

A New Way to Fly to Abaco in The Bahamas