Skip to content

Caribbean continues to invest in tourism

Various countries in the Caribbean and surrounding areas are worried about the overall impact of a global economic cool down, since many of these economies depend on tourism dollars to function well. Some countries such as the Bahamas are reviewing methods and devices available to them to book awareness and drive more tourists to the islands within this region.

The Bahamas, for example, has a government working to invest US $12 million into the tourism budget which would be used to review and overhaul necessary elements there.

Those coming to the Bahamas saw a decline in 2007, down 1.3 million visitors last year, which is three % lower than 2006.

Still, investors continue to develop within the region. Announced Wednesday, the Wyndham Hotels and Resorts will develop a new resort property on the island of St. Croix. It will be labelled St. Croix Golf Resort and Casino. The casino will be just the start of a US $250 million complex located here. The property, which is 294 acres large, will see development start in the spring and the location is set to open in 2010. It will feature an 18 hole Jack Nicklaus signature golf course, as well as a huge fitness centre and a 17,000 square food world class spa.