KPMG is pleased to announce our 2019 Caribbean Hospitality Financing Survey.
KPMG is pleased to announce our 2019 Caribbean Hospitality Financing Survey is available. Now in its 15th year, the survey highlights trends in the region’s hospitality and tourism industry, and the outlook for the future of the industry.
“After nine consecutive years of increasing confidence levels, 2019 is the first year where we have seen a correction in confidence levels for both banks and non-banks – private equity firms, family offices, developers, etc.,”says Gary Brough, Head of Travel, KPMG Islands Group. “Despite this correction, the financing community retains a healthy appetite for financing tourism projects in the region, provided certain fundamentals are in place.”
“The appetite of financiers is primarily directed towards financing existing hotels for expansions, renovation and refinancing,”says Steve Woodward, Managing Director, Sector Lead, Enterprise, KPMG in Bermuda. “However, whilst there has been a reduction in appetite for financing acquisitions, there has been a surprising ‘uptick’ in appetite to fund new builds, particularly by banks.”
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