AGP Executive Report
Last update: 3 hours agoAir Connectivity: BermudAir began three-times-weekly Fort Lauderdale–Providenciales flights on October 26, adding a direct link for visitors and business travellers. The Airports Authority is also looking to expand service to Grand Turk and other islands as demand and infrastructure allow. Property Market: Turks and Caicos real estate sales rose about 54% year-on-year in the third quarter. Year-to-date sales reached $310.6 million across 255 deals, though volume remained 25% below the same period in 2025. Tourism Investment: Royal Caribbean’s planned $3 billion purchase of a 50% stake in Sandals and Beaches includes a Caribbean land bank of more than 1,000 acres, with Turks and Caicos among the markets. Separately, a 50-room Corinthia hotel is planned for the Islands, with a target opening in early 2029. Workforce Rules: The new Immigration Act lengthens the usual route to permanent residence to about 20 years and tightens work-permit rules, changes employers will need to factor into hiring and retention.
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