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Jun 16, 2019 News
Member countries of the Caribbean Tourism Organization (CTO), including Guyana, are seeking investment for new attractions, including theme parks, water parks and more zip-lines, to enhance their tourism products.
Caribbean tourism destinations are also seeking capital to construct new port facilities and marinas, upgrade airports and develop more sports and conference facilities to boost the region’s tourism industry and make it more competitive.
The tourism projects requiring investment are featured in the third edition of the CTO’s Caribbean Tourism and Hospitality Investment Guide, which was highlighted in New York during the recent Caribbean Week events attended by the region’s tourism Ministers and public and private sector tourism officials.
Editor of the publication, Marketing and Communications Consultant, Ms. Sandra Ann Baptiste, said several countries are also looking to tap investment for high end eco resorts, boutique hotels and entertainment venues.
“An increasing number of CTO member countries are also seeking investment to expand health and wellness facilities to cater mainly to international clients who are looking for relaxation and rejuvenation or who require medical procedures and treatments and want to recuperate in an exotic environment,” Baptiste said.
The publication will be distributed at the annual Caribbean Hotel Investment Conference and Operations Summit (CHICOS) in Montego Bay, Jamaica in November. It is also circulated to business organizations, companies, entrepreneurs and diaspora leaders in New York, Florida, Toronto and London.
CTO Chairman Mr. Dominic Fedee, Saint Lucia’s Minister of tourism, in his message in the publication, observed that the tourism sector has bounced back after hurricanes Irma and Maria. “The resilience of the Caribbean was tested and proved strong with a 9.8 per cent growth in arrivals for the last quarter in 2018,” Fedee said. He reported in New York that the Caribbean recorded a healthy 12 per cent increase in tourist arrivals during the first quarter of 2019, compared to the same period last year.
He noted that to facilitate the expansion of the industry, member governments of the CTO are continually investing by improving infrastructure. “For instance, Barbados is undertaking upgrades to the Grantley Adams International Airport at a cost of U.S. $40.4 million. In Saint Lucia, the Hewanorra International Airport is being redeveloped to the tune of U.S. $175 million. Investments are also being made across the Caribbean in road rehabilitation projects and utility services.”
The CTO Chairman said existing hotels continue to invest in refurbishments and introduce new services and amenities. “One of the most anticipated hotel developments, the new Cabrits Resort and Spa Kempinski, which has 160 rooms, is set to open later this Year in Dominica. The Island, which was hardest hit by Hurricanes Maria and Irma, has been steady in its recovery, building back better and stronger.”
The Investment Guide highlights industry performance with reports from the CTO and the Caribbean Hotel and Tourism Association (CHTA) and also features some of the recent new investments in the tourism and hospitality sector in the region.
Outgoing Secretary General Hugh Riley shares his views on developments in the tourism sector and reflects on his ten-year tenure at the helm of the regional tourism development agency.
The Investment Guide is one of the projects of the New York office of the CTO, headed by Sylma Brown.
THEM PIMPING OUT GUYANA.
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