The Caribbean Hotel and Tourism Association (CHTA) says it remains a cautiously optimistic in its outlook for tourism investment in the region, despite global headwinds and rising costs.
The CHTA says the America's Lodging Investment Summit, Caribbean and Latin America, attended by more than 550 delegates from 35 countries, brought together investors, developers, government leaders and hospitality executives for three days of dialogue, networking, and strategic planning.
It says an investor sentiment poll conducted during the event revealed that 81% of those questioned rated the current climate for tourism-related investment in the region as good or robust, and that 70% anticipate construction and renovation costs will increase by more than 10% over the next year.
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