Corporate News

CTO Chairman Hails Success of Business Meetings in Saint-Martin

SAINT-MARTIN (February 11, 2024) – The Caribbean Tourism Organization (CTO) concluded its business meetings last week in Saint-Martin, marking a significant milestone in the collaborative efforts to strengthen and revitalize the Caribbean tourism sector. Under the direction of Chairman Kenneth Bryan, who also serves as Minister of Tourism and Ports for the Cayman Islands, the CTO has embarked on a transformative journey to reimagine its role and impact within the global tourism landscape.

“When I took over as chairman (in 2022), we decided to go through a reimagining exercise and you can start to see the changes already,” said Chairman Bryan, citing the appointment of Secretary-General and CEO Dona Regis-Prosper, the return of the U.S. Virgin Islands and Bermuda to the 25-member body, and the re-engagement of destinations such as Montserrat as examples of the progress made.

A highlight of the meetings was the presentation of a comprehensive plan for the year ahead by Regis-Prosper, the first woman appointed to the post in the organization’s history.

This year’s first series of business meetings focused on defining a strategic direction for the upcoming year and reviewing the organization’s accomplishments since Minister Bryan’s tenure began. “The discussions were fruitful and reflective of the vibrant spirit that characterizes our collective efforts,” stated Minister Bryan. “The CTO is moving towards a reimagined, revitalized and relevant future, with a clear focus on overcoming challenges through unity and shared vision,” he asserted.

A significant part of the meetings centered on the critical role of aviation in connecting the Caribbean. Chairman Bryan emphasized the commitment to enhancing regional connectivity and addressing the complexities of aviation logistics, highlighting a resolution to engage with key stakeholders, including the International Air Transport Association (IATA) and regional airlines, to advocate for increased seat capacity and facilitate more seamless travel within the Caribbean.

The group discussed the possibility of staging a Caribbean aviation conference: an assembly of airline and airport authority executives; hotel brands; tourism stakeholders; and government ministers with responsibility for tourism, civil aviation, regulatory and finance matters. “We need robust dialogue on the necessary changes to incentivize more connectivity within the region, so we’re going to put our foot down on the gas concerning this because it’s a serious concern for many members, particularly in the Eastern Caribbean.”

Reflecting on his tenure as chairman, Minister Bryan is encouraged by the progress made, particularly in stabilizing the organization’s fiscal position, increasing membership confidence, and positioning the CTO prominently in global tourism discussions. The CTO’s efforts have also focused on leveraging technology, artificial intelligence, and digital media to enhance the Caribbean’s appeal as the world’s leading warm-weather destination.

The CTO’s vision also encompasses a rebranding of the organization and a reinforcement of the foundational spirit of Caribbean kinship. “Our goal is to ensure that every member state feels tangible value from its involvement with the CTO, fostering a sense of belonging and collective achievement,” commented Minister Bryan.

He said CTO’s strategic direction, under the Secretary-General’s leadership, promises a dynamic and inclusive future for Caribbean tourism, one that emphasizes innovation, collaboration, and a deepened sense of regional camaraderie.

CTO Secretary-General Receives 2023 CMEX Leadership Award

MIAMI (December 5, 2023) – The Caribbean Tourism Organization (CTO) is exceedingly proud to announce that Secretary-General and CEO Dona Regis-Prosper has been honored by the Caribbean Media Exchange (CMEx) with its 2023 Leadership Award.

At the awards luncheon and fundraising event, held on Saturday, December 2, 2023, Regis-Prosper was celebrated for more than two decades of leadership in a broad range of tourism- and hospitality-related positions, including being selected as the first female to lead the CTO, which serves as the tourism development agency for the Caribbean region.

Over the past nine years, Regis-Prosper has deftly overseen the management of new organizations as well as projects in several islands and territories, elevating their prominence in the Caribbean tourism landscape.

Her career has included roles as Director of Marketing and Product Development at the Saint Lucia Air and Sea Ports Authority, which she helped to transform into a more service-oriented organization while developing a customer service culture at the destination’s port facilities; Director of Business Development for Margaritaville Caribbean Group in Jamaica; CEO of the Tortola Pier Park in the British Virgin Islands, where she was responsible for the launch of the new cruise and shopping center facilities; and General Manager of the Antigua Cruise Port, overseeing the launch of the facility.

Joining Regis-Prosper in being honored at the 2023 CMEx Leadership Awards and Fundraiser, held at the Loews Coral Gables Hotel in Miami this past weekend, were individuals who have made extraordinary contributions to the Caribbean tourism, hospitality and communications sectors, including:

• Ewald Biemans, Owner/CEO, Bucuti & Tara Beach Resort in Aruba
• Rosa Harris, Director, Cayman Islands Department of Tourism, and Chairman, CTO Board of Directors
• Stan Hartling, Owner and CEO, The Hartling Group
• Joy Jibrilu, CEO, Nassau Paradise Island Promotion Board
• Nicola Madden-Greig, OD, President, Caribbean Hotel and Tourism Association
• Pat Montague, President/CEO, Pat Montague Marketing & Promotions
• Beverly Nicolson-Doty, CEO, Figment Design and former CTO Chairman
• Kevin O’Reggio, Strategic Account Director of Global Sales, Wyndham Hotels & Resorts
• Michele Paige, CEO, Florida-Caribbean Cruise Association
• Julian Rogers MBE, Founder, MEDIAROGERS GROUP

Reflecting upon the day’s events, Regis-Prosper stated: “Today, I was filled with immense pride as I received the 2023 Caribbean Media Exchange (CMEx) Leadership Award in Miami. I am truly humbled to be recognized among a group of distinguished professionals who are working collaboratively to shape the future of Caribbean communications, tourism and hospitality. This event not only celebrated our achievements but also fostered deeper connections and ignited new conversations as we rally around the Caribbean.”

Regis-Prosper’s determined commitment to strategic planning, business development, policy formulation and implementation initiatives, and the development and execution of innovative strategies to enhance the competitiveness of Caribbean tourism on a global scale represent the core values of progress and sustainability for which CMEx is known.

CMEx was established to facilitate the exchange of best practices among communicators in the media and members of the public and private sectors, in collaboration with non-governmental organizations, academia, community groups, and the youth.

CTO Chairman Wants Stronger Partnerships Between Banks and Small Businesses

PORT OF SPAIN, Trinidad (October 29, 2023) – Chairman of the Caribbean Tourism Organization (CTO) Kenneth Bryan has amplified the pivotal role of small- and medium-sized enterprises (SME) in the Caribbean’s economic landscape, highlighting their significance in generating jobs, fostering innovation, and contributing substantially to the region’s Gross Domestic Product (GDP).

Delivering a profound message at the Caribbean Association of Banks (CAB) Conference held in Trinidad last week, the Minister of Tourism and Ports for the Cayman Islands called for enhanced bank support for these businesses, noting small business loans account for less than 30 percent of bank loan portfolios across the region.

Video of Minister Bryan: https://youtu.be/iDW23Fa9yXo?si=oVsqqGbDiT_7UxbJ

The theme for this year’s CAB Conference was “Embracing Change and Building Resilience in a Dynamic Environment”. Among its key events was a SME Workshop and Marketplace focused on “Nurturing a Big Business Mindset for Your Small Business Success”. Minister Bryan’s appearance underscores his commitment to bolstering the Caribbean tourism sector and the Cayman Islands’ economic resilience and prosperity.

“Too often, when we think of tourism we think of hotels, cruise ships, and the huge international brands that line our shores. We often forget that it includes thousands of micro-, small- and medium-sized businesses (MSMEs) such as the boutique hotels, the local tour operators, restaurants, street vendors, taxi drivers and craft shops that give our region its unique charm and authenticity. These small businesses form the backbone of our economies. They drive innovation, create jobs, and substantively contribute to GDP. They are not only vital for our tourism industries, but instrumental to our region’s development,” he said.

The CTO Chairman shared staggering figures from the Caribbean Development Bank: MSMEs represent 70-85% of Caribbean businesses, contributing 60-70% to GDP. Furthermore, he noted that they account for about 50 percent of total employment, and an impressive 40% of these businesses are woman-owned, emphasizing the sector’s role in fulfilling the United Nations Sustainable Development Goals.

A significant challenge that small businesses face is accessing financing. Minister Bryan argued that while banks often view smaller businesses as riskier investments due to factors like lack of collateral or credit history, their socioeconomic value demands innovative solutions.

The tourism leader said redefining the relationship between banks and small businesses could unlock potential. “This is something that remains high on the agenda of the Caribbean Tourism Organization … because as we continue to support tourism growth, we have to ensure the small businesses (and “Mom and Pop” operations) have the ability to offer the range of authentic products that are needed in the tourism sector,” he said, noting that the inter-regional body has been advocating for greater access to financing and grants for small businesses.

He also spotlighted the Visitor Experience Development Grant (VEDG) in the Cayman Islands, designed to amplify the visitor experience by investing in start-ups that spotlight Caymanian culture. Minister Bryan believes similar initiatives, coupled with partnerships between small businesses and banks, can fortify the Caribbean’s tourism sector.

“The banking sector has immense opportunities to re-imagine and change the narrative between themselves and small businesses by recognizing that the small business sector presents significant business opportunities. This transformation, however, requires a shift in mindset and a commitment to embrace innovation, and collaboratively working together to forge new paths. Ones where banks are not seen solely as financial institutions, but also as catalysts for creativity, and partners in the prosperity and business development process,” said Minister Bryan. “If we accept that small businesses are engines of economic growth, employment generators and vehicles of poverty eradication, this then raises the question of what types of initiatives could banks introduce to help small businesses reduce their risk profile and improve their bankability?”

Minister Bryan suggested various initiatives banks could introduce, including supporting internal capacity-building for small businesses through mentorship, sponsoring small business development centers, and funding programs to elevate their competitiveness. He offered the example of the Small Business Development Centre in the Cayman Islands, which is tasked with supporting the holistic development of small businesses.

In closing, Minister Bryan urged all attendees to channel the Caribbean’s signature warm hospitality into their relationships with small businesses, fostering environments where both banking institutions and businesses can thrive symbiotically: “Just as we welcome tourists with open arms to our pristine beaches and vibrant culture, I believe we also need to extend the same warmth and hospitality to our small businesses.”

The CAB Conference serves as a vital platform for leaders, policymakers, and stakeholders to converse and strategize on promoting the growth, stability, and sustainability of the banking industry throughout the Caribbean.