Search Result for: growth outlook
117 results found.
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 […]
How the Pandemic Has Impacted Shipping in the Caribbean
The impact of the COVID-19 pandemic has been at every level of the Caribbean economy, from hotels and resorts to construction and real estate. But what about the shipping industry? As the movement of goods becomes even more essential, it’s […]
JLL Hotels’ Andrew Dickey on the State of the Caribbean Hotel Market
What’s the state of the Caribbean hotel market in the age of the pandemic? To learn more, Caribbean Journal Invest caught up with Andrew Dickey, Executive Vice President at JLL Hotels and Hospitality in Miami. Here’s what he had to […]
Royal Caribbean Cruises Set to Surge
Royal Caribbean International is predicting a massive surge in its cruise tourism business in the Caribbean over the next decade. Speaking at the recent Caribbean Tourism Outlook forum in Antigua, Royal Caribbean International CEO Michael Bayley said he was predicting […]
This Company Is Adding Two New Cuba Resorts
By the Caribbean Journal staff A leading Asian resort company is in the midst of a major expansion in Cuba. Archipelago International, the largest independent hotel company in Southeast Asia, is adding two resorts in Cuba, the company said. Archipelago […]
Dominica, a Caribbean Tourism Comeback Story
By Alexander Britell Dominica has been seeing a remarkable surge in tourism arrivals that are the latest sign of the destination’s post-Maria comeback story. Dominica, one of the Caribbean’s most naturally beautiful destinations, saw a spectacular first quarter, with 23,444 […]
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. […]
Belize Continues Tourism Surge
Belize’s tourism sector continues to surge in 2017, according to the country’s latest travel data. Belize reported a total of 230,151 stayover arrivals in the first half of 2017, a 7.8 percent increase compared to the first six months of […]
The US Virgin Islands Has Big Tourism Plans
By Guy Britton This week saw the U.S. Virgin Islands’ 24th annual destination symposium in St. Thomas, and the takeaway was clear: the USVI has big tourism plans, buoyed by strong growth. The United States Virgin Islands Department of Tourism […]
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 […]
Turks and Caicos Islands Tourism Is Booming
The Caribbean has a new fastest-growing destination, according to the latest numbers from the Caribbean Tourism Organization: the Turks and Caicos Islands. The TCI reported 17.5 percent growth in tourist arrivals in 2016, the highest of any destination in the […]
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 […]
Barbados Has Big Tourism Plans
Barbados is seeing a renewed tourism boom. The island known for rum, culture and refined luxury reported record arrivals in the first half, and has even bigger plans ahead. To learn more about the country’s tourism priorities, Caribbean Journal caught […]
Caribbean Tourism is Booming
By the Caribbean Journal staff Caribbean tourism is booming, according to a new report from the Caribbean Tourism Organization. The region’s tourism sector posted a six percent increase in arrivals in the first quarter of 2015, the 17th straight quarter […]
“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 […]
Jamaica Eyes Deeper Ties Between Tourism, Entertainment Industries
Above: Jamaica (CJ Photo) By Guy Britton MONTEGO BAY — For Minister of State Damion Crawford and the government of Jamaica, it’s a natural fit — linking two of the country’s most famous industries: tourism and entertainment. For decades, Jamaica’s artistic and […]
IMF: Jamaica “On Track”
Above: Kingston (CJ Photo) By the Caribbean Journal staff Jamaica’s International Monetary Fund programme is “on track” and policy implementation “remains strong,” according to the IMF, which recently concluded a staff review mission to the country. “Jamaica’s economic transformation programme […]
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 […]
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 […]
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: World Bank VP Hasan Tuluy on a Balanced Path to Caribbean Prosperity
By Hasan Tuluy Op-Ed Contributor The recent High Level Caribbean Forum in Nassau was the latest in a series of discussions to develop a road map for the region’s long-term economic growth while addressing persistent debt and fiscal issues. A […]
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