PRESS RELEASE – The Caribbean Tourism Organization (CTO), in association with the Caribbean Hotel and Tourism Association (CHTA), has produced the first Caribbean Tourism and Hospitality Investment Guide targeted at international investors.
The publication showcases a wide range of investment opportunities in the tourism and hospitality sector in CTO member states and lists incentives that Caribbean Governments are offering to attract new business.
The Investment Guide focuses on the performance of the region’s tourism and hospitality sector and Caribbean economies. It also highlights increased airlift to the region and new investments in the industry – a reflection of investor confidence in the region.
“Ours is an attractive and desirable destination with a strong, competitive advantage due to our natural resources and authentic experiences,” CTO Chairman Richard Sealy, Barbados Minister of Tourism and International Transport, said. “Investing in the Caribbean makes good business sense. We know it and we are proud to produce a guide that illustrates it.”
CHTA President Emil Lee urged investors to use the document to learn about the “incredible opportunities” which can be realized from investing in the Caribbean and noted that despite its growing pains, the Caribbean tourism industry continues to expand and diversify. “Public-private initiatives at the regional and destination levels are actively addressing those issues which are important to the industry globally . . . lowering utility costs, improving the visitor experience, holding the line on taxes, incentivizing investments, and maximizing productivity through investments in our people.” he commented.
The publication was produced by marketing, communications and investment promotion specialist, Sandra Ann Baptiste, who was the first head of the Guyana Office for Investment (GO INVEST).
It will be distributed at the 2015 Caribbean Hotel Investment Conference and Operations Summit (CHICOS) which takes place in Puerto Rico November 12 and 13, and at CTO’s Caribbean Week in Canada business events next week.
The guide is one of the deliverables of the New York-based CTO USA Inc. office headed by Sylma Brown.