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Positive Trends, Cautious Optimism, Need for Creativity Discussed at CHICOS next month

October 30, 2014 Conferences No Comments Email Email

The Caribbean market continues to re-gain its momentum,” shares Mr. Parris E. Jordan, Chairman of the Caribbean Hotel Investment Conference & Operations Summit (CHICOS). “Market wide average rate has increased every year since 2010, with increases just over the rate of inflation over the past three years. However, average rate throughout the region has increased notably by 7.5% through August 2014, as compared to August 2013. While these increases bode well for the Caribbean lodging market, the financing of new projects is the current challenge at this time.”

And thus, discussion panels and workshops at the Caribbean Hotel Investment Conference & Operations Summit (CHICOS) will focus on key subjects impacting the investment climate in the Caribbean including available capital and the financing of new projects. (www.hvschicos.com/agenda)

CHICOS, scheduled for November 13-14, 2014 at the Hard Rock Hotel & Casino Punta Cana in the Dominican Republic, will showcase an impressive array of panelists including investors and operators who will discuss the pick-up in the regional economy, the continued improved performance of the market, and the need to transfer these successes in to financing, in addition to other pertinent topics important for the region such as mixed-use and all-inclusives.

“Market-wide RevPAR showed healthy improvements as well,” Jordan continues. “RevPAR increased 8% through August 2014 as compared to the same time period a year earlier. And these increases in RevPAR are in fact driven by increased average rate. This can encourage hotel operators to be more confident with pricing power and result in increased rate growth and stronger yield. These results lead to hotels operating at more profitable margins.”

“Yet the improved performance has not resulted in a notable increase for available financing for new projects, and that’s why we will be bringing together leaders in this arena to CHICOS,” Jordan adds. “In this way, together we can determine where the funding lies and how to connect with the existing and new sources of capital.”

The CHICOS 2014 agenda is now available on line at www.hvschicos.com/agenda and CHICOS organizers are certain this year’s participants, speakers and panelists are sure to motivate and challenge the region’s traditional players. 

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