The Caribbean continues to be seen as something of a safe haven at times of geopolitical tensions.

'Cautious optimism' was the general sentiment during CHICOS 2024 held in mid-November.

The 2024 hurricane season has started unusually early. It's crucial for businesses to proactively manage business risks to mitigate potential financial impacts of disruptive business events like a major hurricane.

Confidence is high in future investments despite challenges like limited insurance coverage and lingering inflation concerns.

Financiers still favour Caribbean tourism despite inflation risk

Over the next decade, the sector’s contribution to the global economy is expected to grow at an average annual rate of 5.8 percent – more than double the 2.7 percent average annual growth rate previously recorded.

The 2024 hurricane season has started unusually early with Hurricane Beryl, a record-setting Category 5 hurricane, signaling a rapid shift to a more active La Niña phase this year. It's crucial for businesses to proactively manage business risks to mitigate potential financial impacts of disruptive business events like a major hurricanes.

Investors bullish on Caribbean tourism boom

The survey reflects optimism among financiers towards Caribbean tourism, with the Turks and Caicos Islands noted as a favored destination.