The 2024 Caribbean Hotel Investment Conference & Operations Summit (CHICOS) attracted over 300 attendees to Wyndham Grand Barbados, focusing on the theme “Riding the Wave.” Key insights included record-breaking RevPAR growth, attributed to an 8% increase in visitor arrivals, with the Bahamas and Dominican Republic leading in performance. Generation Z’s influence on travel preferences was highlighted, emphasizing sustainability and unique experiences. The all-inclusive segment is thriving, driven by a growing demand for stress-free travel. Favorable financing conditions from reduced interest rates are expected to boost development, ensuring the Caribbean’s continued appeal as a top travel destination.

Read the full article here