KPMG: Caribbean Hospitality Financing Survey

June 6, 2019 | 2 Comments

At the Caribbean Hotel & Resort Investment Summit [CHRIS] held in Miami from May 21-23, KPMG launched its 15th annual Caribbean Hospitality Financing Survey, which highlights trends in the region’s hospitality and tourism industry and the outlook for the future of the industry.

“CHRIS was attended by a record 450+ delegates including several Heads of Government,” the company noted. “The major findings of KPMG’s survey were presented at the opening plenary session by Gary Brough, Head of KPMG’s Travel, Leisure and Tourism practice in the Caribbean region.

“After nine consecutive years of increasing confidence levels, 2019 is the first year where we have seen a correction in confidence levels for both banks and non-banks [private equity firms, family offices, developers, etc.]. Despite this correction, the financing community retains a healthy appetite for financing tourism projects in the region, provided certain fundamentals are in place.”

The 2019-Caribbean Hospitality Financing Survey follows below [PDF here]

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  1. Ringmaster says:

    Bermuda is not the Caribbean. Banks views on financing lists many Islands with positives, with the noticeable absence of Bermuda from the charts. Seems to fit with the lack of interest in hotel investment, apart from the Green family.

    • PBanks says:

      If you wish to convince KPMG to treat and report on Bermuda separately from its southern neighbours, go for it.

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