Caribbean Money

  How lucrative are all-inclusive hotels?  Very. Take, for example, Playa Resorts which has 24 properties in the Caribbean basin. Playa Hotels & Resorts Nv revenue was US$962.14M for the trailing 12 months ending Sep 30, 2024, with 96 per cent growth year over year. Quarterly revenue for the quarter (Q3 2024) ending on Sep 30, 2024, was $183.5 million, down 22.1 percent from last quarter, after hurricane Beryl bit What are the revenue streams for all inclusives? Hospitality.net states that when considering Total Guest Value, segmentation is important. "No longer are guests just budget-conscious vacationers and party-seeking singles, the new all-inclusive clientele skews toward multigenerational families, adventure seekers, health-and-wellness aficionados, luxury vacationers, and millennials who love them for weddings and honeymoons. " Many visitors, meanwhile, love all-inclusives for the array of food. One can try foods from all around the world with breakfast, lunch, din...

  Hyatt Hotels is in talks to potentially acquire Playa Hotels & Resorts – the company which purchased five Jamaican hotels from Jamaican company Sagicor -with the corporate targeting expansion of its presence in the all-inclusive resort market across the Caribbean and Mexico. Shares of Playa Hotels went up Monday after the hotel operator said it is in discussions to be acquired by Hyatt Hotels. An exclusivity agreement Playa and Hyatt signed will run until either a deal is reached, or through Feb. 3. Playa operates 24 resorts across Jamaica, the Dominican Republic, and Mexico, including collaborations with Hyatt, Wyndham, and Hilton. Steve Gelsi of marketwatch.com notes that Playa Hotels (PLYA) and Hyatt (H) have already worked together on a number of properties that Playa Hotels manages including the Hyatt All-Inclusive, Hyatt Zilara, and the Hyatt Ziva. Playa Hotels & Resorts NV's stock was rallying 24 per cent on Monday after the company said it agreed to ent...

Over many decades, there are countless senseless murders that have been shocking. The news of the cruel death of Barbara Gayle has left me numb. A more gentle, modest and consciensious person there never was. I clearly recall Barbara's earliest years as a cub reporter when the existing Doyenne of legal news, the late Sybil Hibbert, was introducing her to the Advocates, the offices and intricacies of the Resident Magistrates Courts at Sutton Street and Half Way Tree. In short time, Barbara amassed her superb skills by her preparedness in quiet, penetrating and fruitful conversations to gain a thorough mastery of legal trials. As a legal scribe, she understood the essence of the evidence and complex points of law that eventually made her a reporter of the highest order. Her acumen for comprehensive legal reports was such that practitioners, including myself, could rely on the integrity and completeness of a Barbara Gayle story in the most intriguing and complicated trials. As the...

    Kurt Boothe, CEO of Medical Disposables and Supplies Limited said in the company’s report for the six months ended September 30, 2024, that MDS will have to take remedial action to collect money owed by government. Medical Disposables Group is a supplier of surgical devices, offering products including surgical devices and items needed for one time use such as bandages, hypodermic needles, exam gowns, face masks and gloves Most of the sales through the medical division are to government institutions, there has been a slowing in collections, causing an uptick of $44 million in receivables year on year. Addressing receivables and the continuous pursuit of new business opportunities to drive inorganic growth, he said, as well as cost containment and reduction remain priority areas for the Group. Chairman Winston Boothe said in the December report on the company’s annual performance for the Financial Year ended March 31, 2024, that the period was perhaps, the most challen...

  A.S. Bryden and Sons Holdings Limited will host a special meeting on January 16, 2025, to allow shareholders to vote on the issue of Tom Tyler becoming Director of the Company with effect from that date for a three-year term (until the close of the third annual meeting of the shareholders following his appointment, unless his tenure is sooner determined). Thomas (Tom) Tyler co-founded Caribbean Producers Jamaica Limited with Mark Hart in 1994. He is currently the Executive Co-Chairman of the company. Founded in 1994, CPJ is headquartered in Montego Bay and supplies items such as meats, seafood, dairy, wines, and spirits, as well as offering logistics and supply chain solutions. The company is a food and beverage distributor for major global brands with a focus on serving hotels and resorts in Jamaica and St. Lucia. In early December 2024 A.S. Bryden and Sons holdings Limited indicated that it had acquired an additional 30.4 per cent share in CPJ , months after securing a...

       Management at Pulse Investments Limited indicates that the company is currently pursuing both rentals and sales for increased earnings in its real estate division.  Pulse Lofts at Villa Ronai consist of sixteen of the 66 residential units, collectively known as Pulse Lofts. These are now on the market for sale as a gated community. These are studios, 1- and 2-bedroom units. Management notes in the company’s new annual report that while some of these units may be retained by the company for guest rentals, some will be sold to increase liquidity and / or reduce debt. Construction for Pulse Suites at Villa Ronai Pulse Suites at Villa Ronai which is slated to offer 66 semi-residential and 4 commercial facilities which are now complete. They consist of a mix of one and two bedroom units, for short and medium term stays, guest suites, studios and apartments for overnight occupancy. Management states that the target market is “ upper mid to upper market segmen...

  Pulse Investments Limited which released its annual report on December 20 prefaced the presentation with a celebration of the life of Kingsley Cooper, the company’s founder who led the company for nearly 50 years before his death in June 2024. Cooper, a former Kingston College Head Boy, was an Attorney at-Law, co-founded Pulse Investments Ltd. in 1980. The company promoted and produced international events such as Caribbean Fashionweek, Model Search TV, The Caribbean Collections Miami, Washington & Brussels, Rock the World Concerts for the Cricket World Cup and Reggae SuperJam which featured iconic Reggae greats including Dennis Brown and Peter Tosh. His business sense saw him transforming Pulse into an investment and lifestyle brand. Pulse Investments Limited recorded assets of 11.8 billion at the end of June 2024 an increase from $11.3 billion as at June 2023. The Company achieved a net profit of $542.95 million compared to $1.43 billion (restated) in 2023. This varia...