Trinidad Carnival economy

Oil prices remain near multi-year lows at $45-50 per barrel as Trinidad & Tobago’s austerity programme takes shape, bringing real consequences for the property market. US-Cuba normalisation continues to dominate Caribbean investment thinking. Trinidad Carnival 2015 approaches on February 16-17. Caribbean property markets show diverging trajectories between energy-dependent and tourism-driven economies.

Trinidad Carnival 2014 is assessed in its aftermath: economic impact data confirms another landmark festival for the T&T hospitality and property sectors. Caribbean spring transaction season delivers solid results across Barbados, the Cayman Islands, and the Eastern Caribbean. Jamaica’s NHT first-time buyer programmes continue. Dominican Republic construction maintains momentum. CBI programmes record Q1 2014 growth.

Trinidad Carnival 2014 arrives today — March 3-4 sees Port of Spain host the Caribbean’s greatest festival, generating an extraordinary economic impact on the hospitality and property market. This edition covers the lead-up period and publishes as Carnival opens its doors. Jamaica’s reform programme advances, Caribbean spring investment season opens, and CBI programmes generate growing property flows.

February 2014: the Caribbean winter season is at its most commercially intense, with Trinidad Carnival just 28 days away and Port of Spain’s accommodation market generating peak demand. Jamaica’s mortgage sector is supporting property transactions despite the IMF reform environment. Barbados’s winter tourism season is performing better than expected. CBI programmes are entering 2014 with strong momentum.