The Caribbean is Feeling Confident Heading into 2014
Where: Caribbean Islands
If there was any doubt about whether the Caribbean hotel scene was headed in the right direction as far as growth goes, the industry's performance and gains over the past two years have put most questions to rest. Both hotel-goers and investors are feeling optimistic that the recession is indeed a thing of the past, evidenced by a string of new investment and property takeovers in 2013, including Hyatt's entrance into the all-inclusive market.
And it looks like the momentum will continue in the new year. There have been multiple reports about a packed pipeline for the Caribbean in 2014, headlined by the expected opening of the massive Baha Mar at the end of 2014 in the Bahamas. According to one count, 52 hotels with 8,891 rooms are going to open across the Caribbean and Mexico in 2014. That's a lot of hotels!
We're happy about the buzz, but we've also wondered previously about whether things were getting a little too crowded and if the growth really was a good thing.
But it looks like we'll certainly have our hands full this summer as the scaffolding comes down and doors begin to open, setting up an exciting number of new possibilities for high season next winter. If you're planning on heading south to check it out for yourself, be sure to take a look at our 2013 Caribbean guide to find a hotel that fits your travel style.