AGP Executive Report
Last update: 2 hours agoCruise & Resorts Deal: Royal Caribbean Group agreed to buy a 50% equity stake in Sandals and Beaches Resorts for about US$3 billion, aiming to close in early 2027 and link its cruise brands with the all-inclusive giants. Luxury Travel Demand: Virtuoso data says November bookings and sales are up more than 70% year-on-year, with Mexico’s Pacific coast and the Caribbean (including Turks and Caicos) leading festive interest. Aviation Growth: Southwest announced a major summer 2027 expansion—11 new or returning routes across 15 cities—adding Nassau and Providenciales from Austin, plus more Caribbean service via Nashville. New Hotel Openings: The Retreat Hotel officially opened in Grace Bay, highlighting local ownership and a 24-studio setup with a managed rental programme; Hyatt also moved up the Andaz Turks and Caicos at Grace Bay opening to April 1, 2027. Local Business & Tourism: Paradise Spirits appointed Rick Tigner to help grow El Tequileño, focusing on distribution and expansion in the US and key international markets. Aviation Fleet Update: InterCaribbean began fleet evolution with its first two Embraer 170s entering service in Turks and Caicos. Community Fundraising: Salt Rakers Aquatic Club launched a charity raffle for Kew Day Fest, with proceeds supporting the festival and the Bight Community Pool. Regional Industry Watch: Massy Holdings expects a US$9.8m accounting loss tied to selling its Caterpillar-related business in Trinidad, with MACORP taking over operations across the region including Turks and Caicos.
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