Billion-dollar hotel plant investment under way in Barbados

Barbados is set for growth with hotel investment of more than US$1 billion, which will produce some 2,300 rooms over the next five years, reports Caribbean News Now. The news was revealed by the CEO of Barbados Tourism Marketing, William Griffith, during a media briefing at the Caribbean Tourism Organization’s State of the Industry Conference in Curacao.

Griffith stated that the investment started with the all-inclusive Sandals Barbados, which is scheduled to add some 220 rooms in 2016.

FREE DAILY NEWSLETTER

Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

This winter, the Sugar Bay Hotel (formerly Amaryllis) and The Sands (formerly Sandy Beach) will also open their doors as all-inclusive products, adding 300 new rooms. The Wyndham Hotel project at the site of the iconic Sam Lord’s Castle and the Hyatt Hotel in the historic Bridgetown will see the island welcoming two new established global hotel brands by 2018.

In addition, 24 hotels have undergone significant refurbishments in time for the 2016 winter season. The CEO pointed out that Barbados has also made significant strides in both its long-stay and cruise arrivals. He noted that some 432,713 long-stay visitors were recorded at the end of September year-to-date, an increase of 14.5 percent.

Suggested Articles

The one-day event will focus on related hospitality concepts such as hostels, co-living, co-working, student accommodation and serviced apartments.

industry experts offered insight on selling franchised hotels as well as how to prevent ADA issues from developing during a renovation.

Paul Kelly, CEO of the National Tourism Development Authority Fáilte Ireland, said the capital needs 1,000 new rooms in the coming years.