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Caribbean Christmas tourism
Caribbean tourism enters the 2022 holiday season at record booking pace as Jamaica, Barbados and Dominican Republic report peak-season demand while post-Hurricane Fiona reconstruction gains ground.
The Caribbean holiday season opens with exceptional momentum — Guyana’s historic first oil is imminent with ExxonMobil’s Liza Phase 1 expected to flow any day now, a record 2019 tourism year is closing strongly, and resort property markets are performing at peak levels.
Barbados secures a landmark IMF programme in October 2018, providing a credibility anchor for the island’s fiscal reform. As the Caribbean holiday tourism season peaks, Dominica marks 14 months of slow-but-steady reconstruction and Jamaica’s property market closes the year on strong footing.
Three months on from the twin catastrophes of Hurricanes Irma and Maria, the Caribbean enters the holiday season in a dramatically bifurcated state. Unaffected islands are experiencing a tourism boom as diverted demand flows south, while Barbuda, Dominica and Puerto Rico face continuing humanitarian and reconstruction challenges.
Oil prices collapse toward $55 per barrel following OPEC’s decision to maintain production, confirming a structural price shift that places Trinidad & Tobago in severe fiscal crisis. The Caribbean holiday season brings welcome tourism revenue across most markets. Jamaica’s IMF reform programme approaches its second anniversary with solid progress.
Oil plunges from $80 toward $65 per barrel as OPEC’s November meeting approaches without any signal of production cuts. Trinidad & Tobago enters emergency budget discussions. Caribbean’s winter tourism season opens strongly, providing a counterweight to energy sector anxiety. Jamaica’s fiscal improvement continues and Barbados’s tourist arrivals show encouraging signs.
Oil prices accelerate their decline toward $80 per barrel, sounding fiscal alarm bells in Trinidad & Tobago and prompting urgent budget revisions. Caribbean’s winter tourism season opens with encouraging forward bookings. Jamaica’s NHT maintains housing delivery, and the Dominican Republic’s luxury property market continues its strong run.
Caribbean Property & Investment Review surveys the region at year-end 2013: the holiday season is set to deliver the most commercially vital fortnight of the year, Jamaica’s IMF reform programme is demonstrating sustained credibility, Trinidad & Tobago’s economy is among the Caribbean’s strongest, the Dominican Republic is approaching a record tourism year, and the 2014 investment outlook is broadly positive.
The Caribbean assesses post-Irene recovery and opens the 2011-12 tourism season, with Jamaica still led by PM Bruce Golding and T&T recording strong energy revenues.
Hurricane Irene strikes Puerto Rico and the Bahamas in August 2011, prompting Caribbean property owners and insurers to reassess coastal resilience and coverage.
Jamaica Homes News
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