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One Year Later: The Rebound of the Caribbean Following the 2017 Hurricane Season
Kristina M. D'Amico | August 16, 2018
By Kristina M. D'Amico It has been one year since the most dynamic, active, and destructive hurricane period hit the Caribbean in decades. Despite the devastating effect to the region, the resiliency of the Caribbean hotel market has been demonstrated particularly well over the last year, spurred by a strong recovery effort and bolstered by an influx of new airlift to the region. Strong Recovery Effort Of the 32 Caribbean island nations, just seven were significantly affected (three quite severely) by the 2017 hurricane season. Significant progress has been made on each of these seven major islands, as follows: Source: HVS Researc...
HVS Key Takeaways: CHICOS 2017
Kristina M. D'Amico | November 27, 2017
By Kristina M. D'Amico and Kristin Rinaudo With U.S. and global attention focused on the Caribbean region following two record-breaking hurricanes that hurled through the region in September, the timing of CHICOS less than two months later opened the door to educated conversations within our industry. Interestingly, the dialog was hardly identifiable with the sensationalist news headlines and misrepresentations in the media that the Caribbean is somehow pulverized, as the 2017 Atlantic hurricane season winds down. Rather, attendees agreed that there is a need to educate the public on the geography of the region, and conversations de...
Market Pulse: Bermuda, the Host Island for CHICOS 2017
Kristina M. D'Amico | August 4, 2017
By Kristina M. D'Amico Known for its iconic pink-sand beaches, the island of Bermuda is nestled in the North Atlantic Ocean, just 650 miles east off the coast of North Carolina. Most associate the island as part of the Caribbean, but Bermuda is actually located hundreds of miles to the north. Less than a two-hour flight from New York, Bermuda is an ideal tourist destination with mild temperatures and a unique culture, growing in popularity among younger, experiential travelers and hotel investors. The following article provides an overview of economic drivers, market dynamics, and future hotel growth in Bermuda, where there is a sur...
