AGP Executive Report
Last update: 8 hours agoHotel Costs: Caribbean hoteliers are challenging Booking.com’s plan to charge commissions on government taxes, arguing the fees add costs without adding hotel revenue. The regional hotel association is exploring possible legislative protections. Air Links: Porter Airlines is adding five weekly Toronto–Providenciales flights, while BermudAir is expanding service to Providenciales and South Caicos from North American gateways, boosting access for visitors. Property Market: Turks and Caicos real estate sales jumped about 54% year over year in the third quarter, though year-to-date volume remained 25% below 2025. Resort Investment: Royal Caribbean’s planned US$3 billion investment in Sandals and Beaches includes access to a Caribbean land bank of more than 1,000 undeveloped acres, including sites in Turks and Caicos. Hotel Pipeline: A planned 50-room Corinthia property in Turks and Caicos is targeting a 2029 opening.
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