Search Result for: economic outlook
98 results found.
What Are the Incentives for Hotel Investment in the US Virgin Islands?
By Joe Pike, Special Contributor To access this content, subscribe now. Choose from two tailored subscription options: Caribbean Journal Invest for comprehensive investment news or Caribbean Journal Travel Advisor for targeted content for travel agents and advisors. Subscribe today to […]
Leading U.S. Law Firm POTENTE Is Expanding to the Caribbean
Leading law firm Potente is moving to the Caribbean, as the region’s hospitality and investment market continue to stay active even amid the pandemic. The California-headquartered firm, which has offices in San Diego, Beverly Hills, Palm Springs, Mexico City and […]
What’s Next for Tourism in Bermuda?
By Alexander Britell After several years of strong growth, buoyed by the landmark hosting of the America’s Cup in Bermuda, the Atlantic island encountered challenges at the beginning of 2020, due in large part to decreased air capacity. And then […]
Mark Gaus on What’s Next for Real Estate in the Cayman Islands
By Alexander Britell, Editor-in-Chief, CJI It’s hard to imagine that there was a hotter real estate market in the Caribbean in recent years, with surging development from beachfront condos to residential resorts. So what’s next for Cayman in the midst […]
Caribbean “Upbeat” About Tourism in 2019
By Dana Niland CJ Contributor Caribbean tourism officials are “upbeat” about prospects for 2019, and expect another year of positive growth bolstered by increased airlift, improved sales, ongoing investments in hotel upgrades and refurbishments, and new properties coming on stream. […]
The Puerto Rico Hotel Association Has a New President
By Dana Niland CJ Contributor Puerto Rico’s hotels have a new top executive. The Puerto Rico Hotel and Tourism Association has elected Pablo Torres, general manager of San Juan’s Caribe Hilton Hotel, as its new Chairman of the Board of […]
Why AMResorts Is Surging in the Caribbean
There’s a company dominating the landscape of hotel development and management growth in the Caribbean, and it isn’t a really close competition. Apple Leisure Group’s AMResorts subsidiary has been on a stunning expansion push in the last several years, and […]
Caribbean Hoteliers Optimistic for 2017
Caribbean hoteliers are predicting a positive tourism performance for 2017. Indeed, more than four out of five hoteliers in the Caribbean have an “encouraging” outlook for tourism this year, according to the results of the second annual CHTA Industry Performance and […]
The Bahamas’ Major Airport Overhaul
The Bahamas has embarked on a major country-wide overhaul of its airports. The first phase of the program involves infrastructural projects geared toward increased capacity at thirteen of the country’s airports. “Over the last four years we have undertook a […]
The Caribbean’s Fastest-Growing Hotel Company
By Guy Britton No Caribbean hotel company is growing faster right now than this one: AMResorts. The Apple Leisure Group subsidiary signed 17 new resort management contracts in 2015, easily the most of any company in the region. And now […]
A New Caribbean “Kokomo?”
By Ryan Peterson CJ Contributor Popularized by The Beach Boys during the early 90s, many have wondered whether ‘Kokomo’ is real or simply an imaginary place. Likewise, as the smaller economies of the Caribbean venture deeper into the 21st century […]
What’s Next for AMResorts in the Caribbean?
By Alexander Britell If you’ve been following the Caribbean hotel pipeline, you’ve probably seen one company’s name pop up quite a bit this year: AMResorts. Indeed, the company has been steadily expanding its reach in the Caribbean hotel sector, with […]
“The Future of Grand Bahama is Bright”
Above: Grand Bahama (CJ Photo – Robert Dipano) By the Caribbean Journal staff Bahamas Prime Minister Perry Christie recently addressed the Grand Bahama Business Outlook, vowing that the island had a strong future. Citing increased tourism numbers and a half-billion-dollar […]
Barbados Central Bank Challenges Standard and Poor’s Downgrade
Above: Barbados (CJ Photo) By the Caribbean Journal staff The Central Bank of Barbados is challenging Standard and Poor’s recent downgrade of the island’s sovereign credit rating. In a statement released this week, the bank said the downgrade was “without […]
Barbados Credit Rating Cut Again
Above: Barbados (CJ Photo) By the Caribbean Journal staff Barbados has seen its sovereign credit rating lowered again. New York-based Standard & Poor’s lowered the country’s long-term sovereign credit ratings to “B” from “BB-“, the ratings firm announced Friday. The […]
Is It Time for Self Government in Tobago?
Above: Tobago (CJ Photo) By the Caribbean Journal staff Is it time for self-government in Tobago? It’s a question that has long been on the mind of many residents, and one that Chief Secretary of the Tobago House of Assembly […]
Jamaica: Economy Grew Between 1 and 2 Percent in Second Quarter
Above: (left) Bank of Jamaica Governor Brian Wynter (JIS Photo) By the Caribbean Journal staff Real economic activity in Jamaica grew expanded by between 1 and 2 percent in the second quarter, according to a new report from the Bank […]
Trinidad and Tobago Economy “Embarking on Sustainable Growth Path”
Above: Port of Spain, Trinidad (CJ Photo) By the Caribbean Journal staff Trinidad and Tobago’s economy is “embarking on a sustainable growth path,” the International Monetary Fund said following its Article IV Consultation with the country earlier this week. The […]
Turks and Caicos Islands Gets First-Ever S&P Sovereign Credit Rating
Above: the Turks and Caicos Islands By the Caribbean Journal staff The Turks and Caicos Islands has received its first-ever sovereign credit rating from Standard & Poor’s. The British Overseas Territory received a rating of “BBB+/A-2” from the New York-based […]
Four Seasons Coming to Eleuthera?
Above: Eleuthera By the Caribbean Journal staff The Bahamas is “well advanced” in negotiations to bring a Four Seasons resort to Exuma, according to Prime Minister Perry Christie. “We are well advanced in our negotiations with the Samiento and Four […]
Moody’s Follows S&P, Downgrades Puerto Rico to Junk Status
Above: San Juan (CJ Photo) By the Caribbean Journal staff Moody’s Investors Service has downgraded the general obligation of the Commonwealth of Puerto Rico to Ba2, or “junk” status, the New York-based firm announced Friday. The move follows a similar […]
“New Thinking” For CARICOM?
Above: CARICOM Secretary General Irwin LaRocque By the Caribbean Journal staff Is it time for new tactics for CARICOM? As the Caribbean integration movement continues its search for traction, CARICOM Secretary General Irwin LaRocque says the regional body is continuing […]
S&P Downgrades Barbados Credit Rating; Economy “Back Into Recession”
Above: Bridgetown (CJ Photo) By the Caribbean Journal staff Standard & Poor’s has lowered its long-term rating on Barbados, the New York-based rating firm announced. The country’s long-term credit rating was lowered to “BB-” from “BB+” while Barbados’ outlook was […]
Op-Ed: How to Fix LIAT
By Robert MacLellan Op-Ed Contributor SOME MIGHT believe that, for the second time in only three years, Captain Ian Brunton has been made a scapegoat by the board of directors of a Caribbean airline company – fired as CEO of […]
Haiti: World Bank Approves $90 Million in Health, Business Grants
Above: Port-au-Prince (CJ Photo) By the Caribbean Journal staff The World Bank’s executive board has approved a pair of grants for Haiti totaling $90 million. The first is a $70 million grant from the International Development Association that will cover […]
Moody’s Upgrades Belize Credit Rating, Warns of “Debt Overhang”
Above: Parliament in Belmopan By the Caribbean Journal staff New York-based Moody’s has upgraded the credit rating on Belize’s government bonds, the firm announced Monday. The rating has been lifted to Caa2 from Ca, with a “stable” outlook. The move […]
IMF: St Lucia to See Pick-Up in Agriculture, Tourism in 2013
Above: St Lucia By the Caribbean Journal staff Following a period of “anemic” activity since the beginning of the downturn, economic activity in St Lucia is poised to “regain some momentum in 2013,” according to the International Monetary Fund, which […]
IMF: Tourism, Construction to Drive Stronger Growth in Bahamas
Above: construction at the Baha Mar project (CJ Photo) By the Caribbean Journal staff The Bahamas’ economy grew by 2.5 percent in 2012, with stronger growth ahead, according to the International Monetary Fund. The fund, which recently concluded its Article […]
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