Jamaica Tourism Property

Trinidad Carnival 2023 returns in full force with 40,000 international visitors as Caribbean tourism surpasses pre-pandemic benchmarks across Jamaica, Barbados, St Lucia and the wider region.

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.

Jamaica breaks all-time visitor records in July 2022 as Barbados villa rates hit 45% above 2019 levels, Cayman luxury inventory hits historic lows and the Caribbean’s post-COVID tourism boom drives property to new peaks.

Summer 2022 delivered the Caribbean’s first truly post-COVID tourism season, with Jamaica setting arrival records, DR welcoming 700k+ visitors in June, and short-term rental rates running 25-40% above 2019 levels across the region.

Oil reached $130 per barrel one month into the Russia-Ukraine war, hitting Caribbean energy budgets hard. But summer 2022 tourism bookings hit record levels as the first truly post-COVID Caribbean summer came into view.

The Omicron wave disrupted Caribbean tourism in January 2022, but open-border policies held firm. The Bank of Jamaica raised its policy rate and Russia-Ukraine tensions introduced a new commodity price risk.

Our Year-End 2021 Six-Month Special Edition covers the period 4 July to 3 January 2022 — six months in which Barbados made history as a republic, digital nomad economies reshaped Caribbean property demand, Guyana’s oil ambitions accelerated, and diaspora buyers drove luxury markets across the region.

Barbados made history on November 30, 2021 becoming the world’s newest republic as Dame Sandra Mason was inaugurated as President. The Omicron variant emerged just days before, testing the region’s tourism recovery momentum.

October 2021 marked a turning point for Caribbean tourism reopening, with Jamaica, Barbados and the DR leading a broad property market revival driven by diaspora and digital nomad demand.

Barbados announces its historic transition to a republic, Caribbean tourism continues its Q3 2021 recovery, and the digital nomad economy reshapes property demand across the islands.

Caribbean tourism reopens with encouraging summer momentum, Jamaica’s Remote Work Stamp launches, and the short-term rental market shows early signs of recovery as the region seizes the remote work opportunity.

As 2020 draws to a close, the Caribbean confronts the full scale of tourism collapse while property markets show surprising resilience. We review the year’s damage and the vaccine hope on the horizon.

Two landmark events define this edition: Barbados launches its groundbreaking Welcome Stamp digital nomad programme in July 2020, and Jamaica reopens its borders on July 1. The Caribbean’s cautious recovery is underway, though the active hurricane season and continued COVID spread cloud the outlook.

As COVID-19 spreads rapidly in Europe and Asia, Caribbean tourism operators watch nervously. Trinidad Carnival 2020 concludes, Jamaica sees steady arrivals, but warning signs are building in key source markets.

Caribbean destinations remain open as the global coronavirus situation develops in Asia and Europe. Trinidad Carnival 2020 concluded successfully, while tourism officials monitor emerging health concerns.