Caribbean Economies are looking beyond the Tourism Sector Photo: Shutterstock Economic headwinds and global instability have forced many in the Caribbean to recognise the importance of economic diversification. Recent tariffs have become the catalyst for pivoting away from some of the region’s core revenue streams - tourism and citizenship by investment (CBI) programmes - which are increasingly coming under threat. Tourism is a central component in almost every Caribbean economy. Despite its importance, economies cannot rely on the sector alone. Should the region want to develop faster and more sustainably, it must seek additional revenue streams and in particular those driven by foreign direct investment (FDI). Island nations have realised that in today’s economic climate, overreliance on tourism revenue limits their economic potential. Instead, what is required are long-term sustainable projects not tied to the tourism season, including but not limited to an expansion of energy and transport infrastructure [...]

Europe premieres first ‘Caribbean Days’ in Paris The inaugural edition of Caribbean Days — Journees des Caraibes — in Paris kicked off a four-day series of business and cultural events to spotlight the region’s best. Following a successful first edition in Brussels in 2022, the Caribbean Chamber of Commerce in Europe (CCCE) decided June 2 – 6 would be an ideal period to celebrate the region. “We are thrilled to partner with this historic Parisian institution for the launch of Caribbean Days in France,” Jo Spalberg, CCCE secretary general and director said. To punctuate his contention, he reportedly cited the culinary and arts provisions, fashion, film, literature, music, and dance as initiatives to lure regional and international guests to the festivities. He added that premium items such as cocoa, coffee, rum, and spirits will enhance the showcases slated for La Maison we l’Amerique Latine. Members of the diplomatic and business communities [...]

Caribbean Travel Trends 2025 At a more granular level, individual destinations show strong performance. The Dominican Republic currently leads the region in terms of overall search volume, commanding a 31.9% share of all flight searches for summer travel to the Caribbean this year. Year-over-year growth in search intent of +7% indicates the country’s increasing appeal, likely bolstered by its diverse tourism offerings and extensive accommodation options. Major cultural and sporting events are also boosting travel intent across the Caribbean. The World Cup Cricket in Barbados is drawing international attention, while Puerto Rico is seeing a surge in interest ahead of the highly anticipated Bad Bunny artist residency taking place from July to September. While attracting a 16.6% share of overall searches, Puerto Rico is experiencing a remarkable +44% surge in traveller interest year-over-year. This predicts exceptionally strong demand in the upcoming season. Caribbean Travel Trends 2025 According to industry leaders, these [...]