Turks and Caicos and the Caribbean Market on an Upturn
Chart for Caribbean Growth Vs. US and Europe
The Turks and Caicos and Caribbean Markets are prime for real estate investment. Recent research shows that the TCI and the Caribbean are ahead of the curve against other regions when it comes to people visiting the islands. Not surprisingly 2009 has seen hotel performance suffer, however, long-term trends have moved in relative sync with their larger feeder markets, the US and Europe. This combined with a move into peak season has seen the first growth rates in occupancy since April 2008. Small revenue increases on this period are also apparent.
Moving forward, analysts are predicting further growth in this final quarter and into 2010 as European, Canadian and Us economies gain momentum. Most encouragingly these growth rates currently outperform their feeder markets, which is promising news for the region.
More detailed analysis can be found at HotelNewsNow.
So, start looking for your next second home!
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