Browsing: Caribbean Irma reconstruction

Mia Mottley’s BLP won all 30 seats in Barbados’s 24 May 2018 election — the most decisive electoral result in the island’s history. The new PM brings a bold economic reform agenda. The Caribbean tourism season closes strongly, the 2018 hurricane season opens on 1 June, and nine-month reconstruction updates across Irma and Maria territories.

As Caribbean spring tourism delivers a strong performance across unaffected islands, Barbados stands at a historic political crossroads: a general election must be called within weeks, with PM Freundel Stuart’s DLP facing Mia Mottley’s BLP in what polls suggest will be a decisive contest. Meanwhile, reconstruction across Irma and Maria territories continues.

Edition 100 of the Caribbean Property & Investment Review arrives as the region marks six months since the twin catastrophes of Hurricanes Irma and Maria. We assess the reconstruction trajectory across the affected territories, Trinidad Carnival 2018’s full economic impact, spring tourism trends and Caribbean foreign direct investment.

Trinidad Carnival 2018 electrified Port of Spain on 12–13 February, delivering a bumper economic performance for the twin-island state. The Dominican Republic’s property market is booming partly on storm-diverted tourism, Dominica’s reconstruction gathers pace, and Caribbean interest rates are beginning a gradual upward drift.

Four months after Hurricanes Irma and Maria, the Caribbean property market enters 2018 in sharply bifurcated condition. Jamaica and Barbados report exceptional winter season performance while the reconstruction territories continue their long recovery. The insurance market is repricing hurricane risk across the entire region.

The Caribbean closes the books on 2017 — the most catastrophic year in the region’s modern property and investment history. Two Category 5 hurricanes, Irma and Maria, reshaped the regional landscape in September while the unaffected islands delivered their strongest winter season in years. We assess what 2017 meant and what 2018 holds.

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.

Two months after Hurricane Irma and six weeks after Hurricane Maria, the Caribbean is deep in the acute recovery phase. Puerto Rico remains 80 percent without power, Dominica faces a years-long rebuilding challenge, and the property insurance crisis is reshaping the regional market. Unaffected islands are quietly absorbing displaced tourism demand.