Tourism conference optimistic about Caribbean
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The recent 12th Annual Caribbean Hotel and Tourism Investment Conference ended with a positive outlook on the region's future, after delegates heard that there is currently more than $100 billion (£50 billion) of investment in the Caribbean.
A record 522 delegates arrived at the meeting in Trinidad, indicating strong interest from investors, according to hotelmotel.com.
Commenting on business prospects over the next year and a half, Alec Sanguinetti, director general and chief executive officer of the Caribbean Hotel Association (CHA), said: "Advance sales for the summer in the vacation market remains strong at this time and interest by corporations and associations in planning future meetings and conferences is at an all time high."
The president of CHA, Peter Odle, said that the success of the conference was a sign that the Caribbean will be a "bright spot" in the tourism industry over the coming year.
Last week, the Dominican Republic's tourism ministry reported healthy visitor numbers for the first quarter of 2008, with about 1.3 million people choosing the Caribbean nation as their holiday destination.
"With increasing levels of tourism, 5 star developments in the Dominican Republic represent a great investment opportunity by satisfying the huge demand for up market accommodation and world class facilities.
"Punta Perla addresses these demands and provides owners with guaranteed rental returns for up to 10 years as well as some very attractive tax incentives offered by the government," Mark Andrew, Sales Director, Emerging Earth.
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