A wide range of investment projects available in the region’s tourism and hospitality sector are featured in the just-released 2024 edition of the Caribbean Tourism And Hospitality Investment Guide, a publication of the Caribbean Tourism Organization (CTO) Scholarship Foundation.
The fourth edition of the Investment Guide, highlights investment opportunities in 21 CTO member countries and recent investments in the sector across the region. The Investment Guide, produced by Florida-based Carigold Signature, was made available to the region’s tourism ministers attending this week’s CTO “Caribbean Week” events at the Inter-Continental hotel in New York.
“We feel strongly that this important publication that focuses on identifying investment opportunities, is a critical tool for the members of the CTO. Prospective companies interested in the development of the Caribbean tourism and hospitality industry can secure information on infrastructure development including airport and seaport upgrades as well as hotel development and expansions. This resource is also very valuable to high-net-worth individuals with a desire to invest in the region,” Chairman of the Foundation, Jacqueline Johnson said in a message in the publication.
“The Caribbean has substantial investment potential. In the hospitality and tourism sector, opportunities abound in areas such as medical and sports tourism, conference hosting, cruise home porting, ferry services, and yachting. These sectors represent niche or emerging markets ripe for growth,” said CTO Chairman, Kenneth Bryan, who is the Minister of Tourism and Ports in the Cayman Islands.
The Investment Guide is distributed to targeted business organizations and executives as well as Disapora leaders in New York, Florida and Toronto. It is also made available at the annual Caribbean Hotel Investment Conference and Operations Summit (CHICOS), which is being held this year, in Barbados, from November 13-15. “ In addition to international brand name properties, several countries welcome investment for more boutique hotels and ecolodges, marina facilities, theme parks and entertainment centers, medical ,wellness and sports tourism projects, cultural tourism and Agri-tourism initiatives,” said Sandra Ann Baptiste, Chief Executive Consultant of Carigold Signature, who is the Editor of the Investment Guide. She said several governments have recently enhanced their package of investment incentives, upgraded infrastructure and expanded airlift to their destinations.
