Heating up the Caribbean
A robust economy and strong European currencies that cut costs for European travelers is adding up to a possibly record year in the Caribbean, say tourism officials.
But funding for new hotels remains a challenge, according to the Caribbean Hotel Association.
“Banks will typically lend only up to 50 to 60% of the value of the property and for a short period of time – usually no longer than 10 years,” said Alex Titcombe, who heads up research for the hotel group.
In other tourism developments in the Caribbean:
· Turks & Caicos opened The Palms, an $85 million luxury resort on Providenciales.
· The Tampa-based Mainsail Development Group plans a $45 million resort on the 230-acre Scrub Island in the British Virgin Islands.
Report by David Wilkening
David
Have your say Cancel reply
Subscribe/Login to Travel Mole Newsletter
Travel Mole Newsletter is a subscriber only travel trade news publication. If you are receiving this message, simply enter your email address to sign in or register if you are not. In order to display the B2B travel content that meets your business needs, we need to know who are and what are your business needs. ITR is free to our subscribers.
































Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
U.S.A. and Israel attacks on Iran impact air movements in the Gulf (Update 1.00pm CET)
Global tourism exceeds 1.5 billion travelers announces UN-Tourism
WTTC global tourism reached record economic impact of 11 trillion in 2025
Marginal increase for New York City tourism in 2025