Business Travellers

Tourism and Real Estate

Barbados’ tourism product is recognized globally as one of the strongest there is. The island has had a strong tourism industry for the last half-century and the ‘Barbados brand’ has become synonymous with high quality and high value.

Barbados has shown itself capable of managing major events such as the ICC Cricket World Cup 2007 and the world golf championship. For discerning VIP visitors such as world golf No.1 Tiger Woods, who chose to get married here in 2004, Barbados’ combination of competence and quality keep bringing them back.

This is also why major hotel brands such as the Hilton and Four Seasons have been attracted to Barbados as have world-class, boutique resorts such as the famous five-diamond Sandy Lane resort. It is also why Barbados has experienced a period of unprecedented growth and investment in its coveted real estate, especially that along the Platinum Coast of the west of the island. Hence it is no surprise that in real terms, travel and tourism is expected to grow by 4.6% per annum between 2002 and 2012.

There are myriad benefits to investing in tourism-related ventures in Barbados. These include duty-free concessions and a wide range of tax deductions on things such as marketing expenditure, training, product development and research and any loans used to improve the property.