Banks and other financial institutions in the Caribbean are once again financing tourism projects in the region, even if cautiously.
While Barbados is among countries about which banks are more “bullish”, the non-bank institutions are not favouring this market.
This was revealed in the annual Caribbean Hospitality Financing Survey by professional service company KPMG, which looks at financing trends and the outlook for the region’s hospitality and tourism industry.
For the past decade financial institutions have been extremely reluctant to lend for major projects, whether new buildings or acquisitions. But this year’s report points to a new optimism. (MB)
Please read the full story in today’s Sunday Sun, or in the eNATION edition.
