EU pitches hand to develop hotel industry, tourism in the Caribbean

Following a considerable effort conducted in past years by the Caribbean Hotel Association (CHA) and the Caribbean Council in London, the European Union agreed to fork over $8 million to foster the development of the Caribbean’s tourist industry.

Out of that total figure, $3 million were earmarked to CHA for the implementation of environmental programs, product development and institutional strengthening of both small-time hotels and national associations.

The Caribbean Tourism Organization (CTO) and CARIFORUM will equally benefit from this grant handed over under the auspices of the 8th European Development Fund of the European Union.

Both CTO and CHA will join hands to single out those areas and fields that need a shot of fresh cash in the arm. This is the first joint effort carried out by the private and public sectors, along with financial institutions, in hope that such an endeavor could beef up ties between them both.