Caribbean News
The Path to Recovery: Industry-specific guidance from Cleveland Clinic about transitioning to the workplace during COVID-19
The coronavirus (or COVID-19) pandemic has significantly affected people all across the world, sending massive shock waves through the global economy and leaving a trail of death in its wake. There were many unforeseen challenges with millions advised to practice social distancing and wear masks daily. As global cases edge closer to 15 million, there is still much uncertainty, but people have begun asking: how do we move forward and remain safe at the same time?
The Bahamas, like many countries around the world, began focusing its efforts toward economic recovery and returning to everyday life beyond quarantine from mid-June 2020 with phased re-openings for certain groups, full opening of commercial travel from July 1, and now effective July 22, closing commercial travel again from certain destinations due to a huge spike in Covid-19 cases. However, one thing has remained constant – ensuring organizations and business houses alike establish the right measures and safety guidelines to prevent further contagion of the virus in the local community.
As a part of the business reactivation plan, the Ministry of Health, along with other institutions, stepped up to offer guidelines and resources for organizations to implement. For example, last week, the Ministry of Health released “Workplace Guidelines During Covid-19 (V8), an updated version of the “Health and Safety at Work Act of 2002. The document provides recommendations to employers regarding best practices for maintaining the physical and mental health of their employees during the COVID-19 pandemic. It also requires employers to provide a hazard-free work zone, and substantially reduce risk of injury and death in the workplace setting. The Atlantis, Paradise Island resort also collaborated with Cleveland Clinic, a world renowned healthcare provider, and launched the “Atlantis Clean and Safe Promise” initiative to help ensure the health, safety and well-being of guests, team members and the local community, in preparation for re-opening after months of being shut down due to the coronavirus (COVID-19) crisis.
As schools and hospitals begin to make preparations to re-open in September, here are a few industry-specific Covid-19 safety guidelines from Cleveland Clinic:
Education
- Disinfect high-touch areas and objects (chairs, desks, computer equipment, doors, etc.) often and create disinfecting stations across campus
- Establish clearly communicated guidelines to ensure social distancing measures are properly implemented, and reduce the number of students and faculty in one area at once.
- Reconsider usage of shared classrooms and supplies and discourage students from sharing their equipment/materials.
- Alter food & beverage service practices like only serving food that can be easily distributed.
- Create a culture of responsibility by developing a pledge students, staff, and faculty can follow to keep each other safe.
Hospitality
- Maintain physical distancing at entrances and exits, the front desk, concierge spaces, pools and beaches, fitness facilities, restaurants and back-of-house areas. Use floor markers or other signage to reinforce physical distancing
- Reassign employees at high-risk for contagion (65+ and those with pre-existing conditions)
- Increase frequency of cleaning in all areas and adjust policies for fitness & swimming areas
- Consider suspension of valet services
Retail
- Disinfect high-touch areas frequently, such as doorknobs, push bars and door handles, light switches, carts and baskets, touchscreens, keyboards and credit card machines
- Require employees and guests to wear face masks inside the store
- Determine maximum occupancy and use signage to reinforce distancing or prompt symptomatic customers to not come inside
- Specify hours for at-risk populations and switch to contactless payments whenever possible
- Decide whether to re-open fitting roomsand use appropriate sanitation measures if opening them. Encourage customers to use hand sanitizer/wipes before trying on items and to keep a protective mask on during fitting. Develop a procedure for disinfecting fitting room items (not just clothing, but also jewelry, eyewear, etc.)
For other tips and information for employers, visit clevelandlclinic.org/coronavirus and the ‘For Employers’ section for the full guides on returning to work.
By Deandrea Hamilton | Editor
September 28, 2026 – Wall Street initially flinched at the $3-billion handshake. But in a matter of days, it was smoother sailing.
Perhaps the bigger Caribbean business story is not what Sandals Resorts International is getting from the deal. It is who is writing the
cheque — and what that says about what Gordon “Butch” Stewart built.
As reports of Royal Caribbean Group’s Sandals deal circulated Tuesday, RCL shares plunged 6.14 percent from Monday’s $250.25 close to $234.89, on sharply elevated trading.
When the agreement became official Wednesday — approximately $3 billion for a 50 percent equity interest in Sandals and Beaches Resorts — shares slipped another 1.95 percent to $230.30 and touched $222.22 intraday. Investors were digesting both the size of the investment and committed debt financing secured through Morgan Stanley.
But by Thursday, RCL rebounded 3.77 percent, with shares continuing their recovery Friday to finish the week around $243. Analysts were also looking ahead: JPMorgan reportedly raised its RCL price target from $345 to $394, while Citi placed the company on a 90-day positive catalyst watch.
And just who is RCL?
Royal Caribbean Group is a global vacation giant, publicly traded on the New York Stock Exchange with a market value of roughly $65 billion. Its portfolio includes Royal Caribbean International, Celebrity Cruises and Silversea, alongside private destinations and an
expanding vacation platform.
So when a company of that scale commits $3 billion for only half of Sandals and Beaches Resorts, the transaction puts a striking financial marker on one of the Caribbean’s greatest home-grown hospitality success stories.
The deal, expected to close in early 2027, creates a 50-50 partnership with the Stewart family and takes Royal Caribbean deeper into the all-inclusive resort business.
Butch Stewart started Sandals in Jamaica in 1981 believing a Caribbean company could compete with the world’s best.
Forty-five years later, one of the world’s biggest vacation companies is prepared to pay $3 billion just to own half of what he built.
Now that’s the handshake that does more than seal a deal — it cements a legacy.
Caribbean News
Royal Caribbean Group and Sandals Resorts Announce Landmark Partnership to Accelerate Their Leading Vacation Experiences
Royal Caribbean Group Investment to Advance Sandals and Beaches’ Growth and Broaden the Group’s Vacation Portfolio
Montego Bay, Jamaica and Miami, September 24, 2026 – Royal Caribbean Group (NYSE: RCL) and Sandals Resorts today announced the signing of an agreement to form a partnership in the all-inclusive resort space with a 50% investment from Royal Caribbean Group. Building on Sandals and Beaches Resorts’ more than four decades of leadership in Caribbean hospitality, the joint venture will create new opportunities for continued resort growth while broadening the experiences across Royal Caribbean Group’s vacation platform.
The partnership brings together two of the travel industry’s most celebrated vacation companies, pairing Sandals and Beaches’ all-inclusive resort expertise with Royal Caribbean Group’s vacation platform, including industry-leading brands – Royal Caribbean, Celebrity Cruises and Silversea – a portfolio of private destinations, new river cruising offering, and an industry-first loyalty program. United in a shared history in the Caribbean and connected by a love for their communities, the companies will offer travelers an unparalleled collection of cruise, private destination and resort experiences, serving guests across more vacation occasions and establishing their undisputed leadership in Caribbean vacations.
The joint venture expands Royal Caribbean Group into an adjacent vacation category, growing its participation in the approximately $2 trillion global vacation market, and meets the growing global demand for Sandals and Beaches Resorts by accelerating their expansion. The partnership will include Sandals and Beaches’ collection of premier all-inclusive properties across the Caribbean, and the companies will explore opportunities to broaden distribution, deepen guest engagement, and make it easier for travelers to discover vacation experiences offered across both portfolios.
“For nearly 60 years, we’ve reimagined what a vacation can be, constantly expanding the ways we inspire our guests to explore, connect and create lifelong memories,” said Jason Liberty, Chairman and CEO, Royal Caribbean Group. “We have been building a vacation platform that brings joy to millions of people around the world and creates meaningful relationships that last with our guests. Our partnership with
Sandals and Beaches Resorts is an important next step on that journey – bringing together two iconic leading vacation companies to further strengthen and grow one of the most admired resort portfolios in the world. The Stewart family has created powerful and beloved brands, and we are honored to build on that legacy. Together, we see tremendous opportunity to expand the reach of Sandals and Beaches Resorts and continue turning the vacation of a lifetime into a lifetime of vacations.”
“My father, Gordon ‘Butch’ Stewart, founded Sandals Resorts with the belief that a company built in the Caribbean could stand on the world stage alongside the most respected names in hospitality. Today is proof of how far that vision can go,” said Adam Stewart, Executive Chairman of Sandals Resorts and Beaches Resorts. “This partnership is the natural next step in building on that conviction. It gives us the ability to grow faster with a partner that shares our values of exceptional hospitality, long-term investment, and the power of enduring brands. Together, we will introduce more guests to Sandals and Beaches Resorts while creating even more extraordinary experiences for those who have made our resorts part of their lives for decades.” Stewart added, “As we continue to grow, we will remain true to what has always defined us: delivering authentic vacations that exceed expectations while creating opportunities for our team members, travel advisor partners and the communities we call home. The future has never been brighter, and I know this moment would make my father incredibly proud.”
The joint venture will be governed by a board under the shared leadership of Stewart and Liberty. Stewart will maintain a leadership role in
guiding the company’s long-term strategic growth as Executive Chairman of Sandals and Beaches Resorts. Existing reservations, loyalty programs, resort operations and cruise operations will continue as usual, with the partnership bringing additional resources to support future opportunities.
Under the terms of the agreement, Royal Caribbean Group will acquire a 50% equity interest in Sandals and Beaches Resorts for approximately $3 billion, representing a forward EBITDA multiple of approximately 10x. Royal Caribbean Group has secured committed debt financing from Morgan Stanley to fund the investment. The transaction is expected to close in early 2027, subject to customary approvals and closing conditions, and is expected to be accretive to earnings next year.
BofA Securities and PJT Partners acted as financial advisors, and Latham & Watkins and Jones Day acted as legal advisors to the Sandals Group. Perella Weinberg Partners and Morgan Stanley acted as financial advisors and Kirkland & Ellis LLP acted as legal advisor to Royal Caribbean Group.
PHOTO CAPTION: Jason Liberty, Chairman and CEO of Royal Caribbean Group, and Adam Stewart, Executive Chairman of Sandals Resorts, mark the signing of an agreement to form a landmark partnership that expands Royal Caribbean Group into the all-inclusive resort space and supports the future growth of Sandals and Beaches Resorts. The signing took place at Royal Caribbean Group’s new headquarters in Miami, with the city’s skyline in the background.
The Caribbean tourism deal first reported as a possibility on Tuesday is now a signed agreement. Royal Caribbean Group plans to pay
approximately US$3 billion for a 50% stake in Sandals and Beaches Resorts, putting the value of the business at about US$6 billion. The purchase is expected to close in early 2027, subject to approvals.
Founded in Jamaica by the late Gordon “Butch” Stewart in 1981, the resort business has a presence across nine Caribbean destinations, including Jamaica, The Bahamas and Turks and Caicos. Sandals has described its workforce as nearly 20,000 people, most of them Caribbean nationals.
“My father, Gordon ‘Butch’ Stewart, founded Sandals Resorts with the belief that a company built in the Caribbean could stand on the world stage alongside the most respected names in hospitality,” said Adam Stewart in the announcement carried by PR Newswire. He will remain executive chairman, while the Stewart family retains a stake. The companies say existing reservations and resort operations will continue as usual.
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