AGP Executive Report
Last update: 4 hours agoImmigration Reform: New laws require employers to pay work-permit fees upfront and show that local workers were considered before recruiting overseas, with workforce plans also expected to identify training opportunities. Hotel Investment: Andaz Turks & Caicos has unveiled plans for its 132-room Grace Bay resort, set to open in spring 2027 as the brand’s first Caribbean property. Tourism Costs: The Caribbean Hotel & Tourism Association is challenging Booking.com’s move to charge commissions on government taxes, warning it will raise costs for hotels, including properties notified of a November 17 start. Air Access: Porter Airlines’ new Toronto–Providenciales service is scheduled to begin November 6, with up to five weekly flights this winter. Property Market: TCI real estate sales volume rose about 54% year over year in the third quarter, though year-to-date sales remain 25% below 2025 at $310.6 million. Education Funding: The Community College has launched a foundation and endowment to attract business and philanthropic support for scholarships and programmes. Resort Investment: Royal Caribbean’s planned US$3 billion purchase of a 50% stake in Sandals and Beaches includes resorts and development land in Turks and Caicos.
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