Tourism



Recent Items about: Tourism

Sagicor Nabs Its 4th Hotel. First In The Tourism Capital

Sagicor Financial Corporation

The Sagicor Group, through it’s Sagicor X Fund subsidiary has made another real estate acquisition. Sagicor, which currently owns 3 hotel on the north coast and are in the process of developing a mega water park project, have now added a major coup to their real estate arsenal. Continue Reading

Mergers and Acquisitions

Party Party Party! Jamaican Government Backing ‘90 Days of Summer’ For 2014

The Government is working to have the ‘90 days of Summer’ initiative in place by 2014.

The entertainment promotion seeks to attract visitors to the island during the months of May to August and maximise the economic potential of the country’s cultural product. Continue Reading

Sports, Entertainment, Culture

Jamaica’s Hotel Room Rate Lower Than Barbados, But comparable To The Region

Want to enjoy your vacation? Get the best room rate! Photo byDrJohnBullas

The cost of hotel rooms in Jamaica, according to the 2013 World Economic Forum Travel and Tourism Competitiveness Report was US$176.30, or well below the US$329.40 average in Barbados. This is calculated by using the average room rate achieved by first-class hotels in each country over a 12-month period from January through December and is called the hotel price index (HPI). Continue Reading

Macroeconomic

Never Mind The Existing 2500 Hotel Rooms. Tobago Is Seeking New Five Star Investments!

Tobago is trying to get more five-star hotel investments in the country.

Tracy Davidson-Celestine, Secretary of the Division of Tourism and Transportation (DOTT) in the Tobago House of Assembly (THA), recently went on a trip to Berlin, Germany as a part of a T&T delegation that included representatives from the Division of Tourism and Transportation, Ministry of Tourism and various stakeholders at the Internationale Tourismusbörse (ITB), an annual tourism and travel trade convention in Germany. Continue Reading

Business Insight

Trinidad Is Serious About Sports Tourism!

Sports tourism is big business! Photo by WayneMiller

All you other wanna be sports destinations take heed!

Trinidad is pushing ahead, with plans and taking action (way past talk) to increase its arrivals from sports tourism. They have already splashed out significant sums, and are courting possible visitors. Continue Reading

Business Investments, Business Strategy

Caribbean Tourism Imprisoned By Crime

One of the Caribbean’s major income earners is slowly being stifled by the cursed hands of crime. Unfortunately the volatile economies of the region are experiencing its horrifying effects, and soon it will have to rest in peace (R.I.P). Before things begin the spiral out of control, the governments of the respective nations within the region have been alerted and will now concoct an ingenious medicine to remedy the situation. Continue Reading

Crime, Macroeconomic

Butch & Beach: Barbadians’ Biggest Concern With Butch Stewart

by swanksalot

Swimming freely wherever there is a beach is a right Barbadians treasure. It is a right they have maintained through all there development and which it appears they are not at all willing to give up even if it means losing 500 jobs.

As quickly as Sandals boss Butch Stewart expressed his serious interest in acquiring the 30 Acre Almond Beach Village Hotel in St Peter, Barbados, Barbadians begun to raise their concerns about “Stewart’s inevitable intention to privatize their beaches.”  Stewart has maintained that he has absolutely no plans of the sort. Continue Reading

Business Investments, e-Update, Mergers and Acquisitions

Acapulco – A Lesson for the Caribbean on How to Kill An Perfect Tourism Destination

No one comes here anymore....All Gone.

Especially Jamaica and Trinidad and Tobago may want to take a particular look at what has happened to the once renowned, celebrated and highly sought after party destination of Acapulco, Mexico.

Cancun in Mexico, Acapulco in Mexico, Nassau in The Bahamas and Negril in Jamaica have long been among the top spring break destinations. However, a spike in gang violence and drug warfare in recent times have all but demolished Acapulco’s desirability to visitors and real estate owners alike.   Continue Reading

Macroeconomic Tagged