InvesTT’s team, led by Christopher Lewis, President InvesTT, is gearing up to promote Trinidad and Tobago’s tourism investment offerings at the upcoming Caribbean Hotel & Resort Investment Summit (CHRIS) during May 16-18 in Miami, Florida. CHRIS is one of the most highly recognized conferences which bring the international hotel/tourism investment community to the Caribbean to discuss opportunities and key issues or trends within the regional tourism industry.
Trinidad and Tobago has a lot to offer investors seeking to establish or acquire hotel resorts on either island. A perfect example is Tobago’s Blue Haven Hotel, an award-winning boutique hotel which is available for immediate sale. Blue Haven is ideally located on a 7.5 acre prime oceanfront site, on a majestic cliff with breathtaking views, offering 55 rooms and the approved potential to expand to 104 rooms.
Overall, the outlook for the country’s tourism industry for 2018 seems positive. The annual Carnival season continues to draw the biggest numbers of tourists. Cruise arrivals during this season increased by 522% over a period of 4 years. Between 2017 and 2018 during January to March, occupancy rates increased by 10.4%, ADR by 2.8% and RevPAR increased by 13.5% year on year. (All data provided by the Ministry of Tourism).
Interested hotel investors will have the opportunity to meet our team in person at CHRIS to discuss existing tourism investment opportunities in Trinidad and Tobago. Christopher’s participation will be two-fold since as Vice President, CAIPA he will also be moderating Session 5 on Day 2, entitled “Public/Private Track: Creating Better Islands Through Reinvesting, Renovating, & Repositioning.”
"Joining me on the panel will be Robert Karver, Eileen Kett, Frances Gonzalez, CHA & Ruben Becerra. The panel has started initial discussions and I anticipate a very lively and informative session on Thursday May 17th, 2018 in Miami.”
Ms. Florence Ghany, our Investment Officer with specific responsibility for tourism, will also be attending the conference, and will provide the necessary information and advice on investing in the tourism sector in Trinidad and Tobago. Several meetings have already been planned in this regard, with key potential investors.