November 3rd 2023.
The U.S. Virgin Islands will be the proud host of the 2023 Caribbean Hotel Investment Conference & Operations Summit (CHICOS). Now in its 12th year, CHICOS is highly renowned as the leading hospitality conference in the Caribbean. The three-day event will take place from November 12th to 14th at the Westin Beach Resort & Spa at Frenchman’s Reef in St. Thomas, and will feature more than 300 attendees, including well-known hotel brand and investment firm representatives, stakeholder, and industry professionals.
Joseph Boschulte, Commissioner of the U.S. Virgin Islands Department of Tourism, is thrilled to host the summit. "We are honored to welcome CHICOS to our amazing islands. This conference presents an exceptional opportunity for prominent stakeholders to explore the untapped potential and abundant investment opportunities within the thriving Caribbean hospitality industry. We look forward to showcasing the U.S. Virgin Islands as a premier destination and engaging in fruitful discussions that will shape the future of tourism in our region," Boschulte said in a press release.
The CHICOS Summit will provide attendees with ample opportunities to network and exchange ideas, as well as discuss industry trends and explore investment opportunities. There will be a series of diverse break-out sessions and panels, and presentations from over 70 speakers, including Angela Musgrove, Chief Executive Officer of Invest Turks And Caicos, Cathay-Ann Joseph, Manager of Eastern Caribbean Airport Operations, American Airlines, and Ian Gooding-Edeghill, Minister of Tourism for Barbados.
The U.S. Virgin Islands have seen a steady increase in tourism in recent years, with the winter of 2022-2023 boasting a 15% growth in visitation, and shared economy accommodations such as AirBnB increasing by 10% in revenue. Traditional hotels have also achieved a 75% occupancy rate, making it a prime destination for potential investors and developers.
For anyone interested in learning more about the U.S. Virgin Islands and its offerings, or the Caribbean Hotel Investment Conference & Operations Summit, please visit the corresponding websites. Also, the New York Jets and U.S. Virgin Islands recently announced a multi-year partnership, so be sure to check out that content as well.
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