Martyn Bould, chairman of RLB Caribbean, spoke to the Chinese influence on the Caribbean industry during a recent conference dealing with investment, destination marketing and tourism.
During the second annual Caribbean Hotel Investment Conference and Operations Summit conference, more than 200 attendees networked, participated in special panels and debated the existing state of the tourism industry in the Caribbean. They also heard from the task forces established during last year’s conference for plans to work on resolving the ills that inhibit the development of the Caribbean tourism sector.
Mr. Bould’s presentation on Chinese involvement in the Caribbean, and by way of the example of the Baha Mar resort and its economic and political contribution to the Bahamas landscape, was enthusiastically received, according to a news release.
Opening the presentation, he noted that in the extensive debate during the conference that “if a count of references had been taken the two leading ones would be Chinese and Baha Mar”.
Mr. Bould then continued with an in-depth examination of the history of the Caribbean and how the region had been used for more than 1,000 years for political and economic purposes and interest from China is, in comparison, not unusual.
An examination of what was needed to secure a loan from Chinese funders was then reviewed, as well as which specific contractors and banks were operating in the region and what might be necessary to secure a loan and what challenges and opportunities would need to be addressed.
Caribbean Hotel Investment Conference and Operations Summit 2012 also covered topics such as current investment in the region; destination marketing in the Caribbean; financing a deal in difficult times; and operations.
The Caribbean Hotel Investment Conference and Operations Summit 2013 will be held in the Dominican Republic.