The latest trend report from luxury travel company Hayes and Jarvis has revealed that Brits are increasingly choosing to holiday in the Caribbean, with tourists appearing to opt for destinations they perceive as being safe from the trouble of both the eurozone and the Arab spring.
The news is positive for those with holiday homes in the Caribbean who will be able to benefit from the increased numbers of tourists. The company found that bookings to the Caribbean are up 37% and as much as 800% in the Dominican Republic, while Mexico has seen bookings surge by 123%.
Jon Ainge Director of ipsbmv.com says, "This latest research can only help make investing in Caribbean property more attractive. The rising number of tourists visiting the islands will increase the potential for high yields. Occupancy levels for high end property are already at 65% at the moment, bringing yields of 21% which makes Caribbean property an investors dream."
Overall, the tourism industry generates over $20 billion a year for the Caribbean region and provides more jobs than any other industry.