Investment | Caribbean
IF YOU ARE AN INVESTOR YOU GETTING TO KNOW CARIBBEAN ISLAND
Given the geographical location of Caribbean island as a tourist center amongst the other part of the world and the rapid growth in business especially in the area of investment and the need to meet the demanding challenge of contemporary transactions for economic and social growth in “Hotels business, Resort, Casino, and Green Energy”
The Caribbean Islands is a massive archipelago located in the Caribbean Sea that can be subdivided into a few different regions: the Lucayan Archipelago, the Greater Antilles, the Lesser Antilles and the ABC Islands. There are 13 sovereign states and 17 dependent territories in the Caribbean, and the predominant languages are English, Spanish, French, Dutch and Antillean Creole. The Caribbean sprawls across more than 1.06 million square miles and is primarily located between North America and South America.
There has been a failure of the world economy to recover properly from the shock of the financial crisis, Barrow said, touching on an all-too-familiar concern among leaders of the 15-member regional bloc known as Caricom. “That failure, for the majority of us in Caricom, has meant slow growth, increasing difficulties with our public finances, and tremendous strains on our capacity to satisfy the life-improvement aspirations of our people.” Indeed, the decline in global economic growth from 3.4 percent in 2014 to 3.1 percent last year provided for a difficult economic year for the region’s economies, the Caribbean Development Bank said Still tourism in the region set new arrival and spending records. Visitors spent over $1 billion more than they did in 2014, contributing approximately U.S. $30 billion to Caribbean economies,” Hugh Riley, secretary general of the Caribbean Tourism Organization, said. “That’s 4.2 percent higher than the $28.8 billion spent during the previous year.” The region faces a mixed economic outlook in 2016 as a new mosquito-borne virus, Zika, threatens tourism goals, and falling commodity prices impact the fortunes of exporters such as Trinidad and Tobago, Suriname and Guyana. Caribbean nations that export hydrocarbons and minerals, for example, can expect to see their trade numbers deteriorate.
This document presents some of the premier investment opportunities within the Caribbean.
The Top 10 Reasons to Invest in the Caribbean and Investment Opportunities in Key Regional Trade Agreements”. Countries covered include Antigua and Barbuda, Belize, Curacao, Dominica, Dominican Republic, Grenada, Haiti, Jamaica, St. Kitts and Nevis, St. Vincent and the Grenadines, Suriname and Trinidad and Tobago.
In hotel industry the Caribbean benefits from its warm tropical weather and beautiful beaches. These natural attributes, coupled with the warmth of its people and a rich culture, attract millions of visitors to this part of the world each year.
Therefore, the region’s main economic sector has naturally been the hospitality and tourism industry. As a result, the industry plays a vital role as a generator of wealth and employment across a broader sphere, acting as a catalyst for growth in other areas, such as agriculture, construction, and manufacturing. Overall, the tourism industry generates over $25 billion a year for the Caribbean region and provides more jobs than any other industry. As the Caribbean market continues to show signs of recovery, it has naturally resulted in increasing investor interest in the region. Although capital for new construction remains scarce and lenders are far more stringent than they were in the past, new projects are still being funded, and the banks that have been historically committed to hospitality projects in the region are slowly beginning to resume providing capital for acquisitions and are even considering new construction financing, although on a very selective basis.