Yet more positive indicators for tourism property investment were announced last week by the The Caribbean Tourism Organization (CTO) at the annual Caribbean Week held in New York City. The Caribbean recorded a 17th straight quarter of growth and the fifth consecutive year of increased arrivals during the first quarter, with 7.9 million visitors between January and March.
At a press conference at Caribbean Week New York, CTO Chairman Richard Sealy, who is Barbados’ Minister of Tourism, said the region continues its rapid growth rate from 2014 when arrivals grew by 5.3 per cent to 26.3 million visitors.
The best performing destinations were Martinique (34.2 per cent), Puerto Rico (26.2 per cent), and Antigua & Barbuda (18.6 per cent). This is excellent news for Antigua & Barbuda. With one of the best-established luxury property markets in the Caribbean, the nation is poised to surge forward with a number of high profile developments recently announced and excellent response to its citizenship by investment program.
While Citizens International’s first Antigua citizenship clients in 2014 tended to choose the less expensive route of the government fund donation, there is increasing awareness that Antigua is a world-class vacation destination, which continues to grow in popularity year on year.
Boasting international restaurants, almost 400 pristine beaches and numerous celebrity residents and some of the most luxurious hotels and homes in the Caribbean, the property investment route to citizenship in Antigua & Barbuda is increasingly being seen as the better option.
The continued growth of the region is excellent news for all three destinations offering citizenship by investment: Antigua & Barbuda, Dominica and St. Kitts & Nevis. The main tourism markets for the Caribbean continue to be Europe and North America though new markets are also being activated in recent years such as Latin America.