The secrets Wild Orchard, St.James Montego Bay, is home to the two day Caribbean Hotel Investment Conference and Operations Summit (CHICOS). The event which got underway today Wednesday November 14,2019 will end tomorrow Thursday November 15, 2019.
The prestigious hospitality conference showcases varying destinations and spectacular hotels across the Caribbean. CHICOS galvanizes a wide cross-section of luminaries and professions. Ranging from Regional and International leaders and decision-makers to hoteliers and developers, brand Executives, Consultants, operators and investors.
First day of the event chronologically outlined Registration, Breakfast Designated for the St.James Ballroom IV and Foyer followed by the welcome, Global and Regional presentation, Hospitality leaders Outlook, Finances outlook, International Investors interest in placing debt and equality in the region and large-scale project overview Anatomy of project.
The afternoon session featured a number of Breakout sessions and presentations on topical issues such as helping market participants better understand important aspects of insurance and increasing investor interest in the all-inclusive product in the Caribbean. The event’s first day culminated with offset cocktail reception at the Hyatt Ziva Rose Hall, hosted by playa Hotels and Resorts.
The Honourable Prime Minister Andrew Holness, Captivated the audience with his eloquent and light, though impacting delivery.
In his salutations Prime Minister Holness stood true to protocol in acknowledging dignitaries, region heads and key players in the industry, including international and local partners.
In conveying his gratitude for all their support, Prime Minister Holness reminded the audience that the Caribbean is great for business; however Jamaica is the place to do business. This to a pleasant chuckle from the audience as they recognized Mr. Holness’ Pride in Jamaica , especially when he spoke of Tourism “… we have established a stable and expanding economy, that is open and welcoming of investors…”
Beaming with pride the Prime Minister went on to reiterate that “…Jamaica was ranked as the best Caribbean Country for doing business by Forbes Best Country for Business Report…” an acknowledgement of which Jamaica is proud.
Minister Holness emphasized that we live in a global economy and we strive not just to be the best in the Caribbean but the best in the world. Among other achievements he informed the summit gathering that in fiscal year 2018-2019 Jamaica recorded US $196 million dollars in foreign direct investment and created 29,900 new jobs during that period. Mention was also made of Jamaica having the best performance stock market and the fact that Jamaica has become a model in the region for public private partnerships.
The second day of the conference will benefit from presentations such as The 2019 Leaders outlook, Caribbean Government panel and Impact of Sargasium on the Caribbean.