Caribbean News
C&W CEO underscores “Our People are our Greatest Asset” at CANTO
The 36th annual CANTO Trade and Virtual Exhibition kicked-off on Wednesday, July 28th with Headline Sponsor, C&W Communications (CWC), hosting the first day of the three-day virtual event. Held under the theme, ‘The New Digital Reality – 2021 and Beyond’, the event was formally opened by David Cox, Senior Director, Regulatory, CWC and current Chairman of CANTO who welcomed participants and panelists to CANTO’s first ever virtual trade event.
CWC put together an impressive line-up of discussion panels on the first day that focused on topical issues faced by the sector in the wake of an ongoing global COVID-19 pandemic. In the first session of the day, CANTO Chairman David Cox spoke with CWC CEO, Inge Smidts, in a candid and insightful virtual fireside chat. Smidts detailed how the regional communications and entertainment provider has been able to navigate through the challenges of the pandemic and put a uniquely ‘human’ face on the company’s commitment to keep its employees working and its customers connected.
Smidts said passionately, “with the onset of COVID-19 we focused on our two (2) ‘Whys’: taking care of our people and keeping our customers connected. My philosophy is that our people are our biggest asset. Having the network capacity to meet the demands of our customers is important but having the right people to take care of our customers is even more important”. Smidts attributed the company’s ability to continue to meet those ‘whys’ on the resilience of its employees and their willingness to face the challenges head on to ensure they continued to find ways to keep customers connected.
As the Region’s only female CEO running a full-service telecommunications company, she offered the virtual audience some personal insights into her management style and leadership approach during the pandemic. Smidts said, “the pandemic induced a period of ‘unlearning’, forcing companies, including CWC, to find new ways to meet the needs of their customers and employees, and to embrace change”.
Other virtual sessions held included:
The ‘Women in ICT Leadership Panel Discussion’ adeptly hosted by Wendy McDonald, C&W Senior Director – Communications and Stakeholder Relations for the Caribbean. McDonald’s guests included: Daysi Andrades, Advisor to the Chief Information Officer at the Inter-American Development Bank in Washington, DC; Monica Desai, Global Head, Connectivity and Access Policy at Facebook; and Vice President of People at CWC, Sonali Dighe. This panel took an intense look at how the pandemic brought unique challenges for women in the workplace, particularly in leadership roles. In host McDonald’s preamble she spoke to the additional challenges imposed on women in the workplace who were forced to suddenly and unexpectedly manage competing and overlapping work and family commitments on a scale and with a level of urgency many women had never encountered before, a situation that in some cases is causing women to leave the workforce. CWC’s Sonali Dighe impressed upon the audience the need for companies in the region to focus on their leadership pipelines and to implement succession planning programs with a focus on moving more women into leadership positions.
Later in the program, ‘The Parenting and Education in the Digital Age’ discussion panel saw an equally impressive list of panelists which included: Trinidad and Tobago’s Minister of Education, Dr. the Honorable Nyan Gadsby-Dolly; Sherra Carrington-James, President of both the Caribbean Association of Principals of Secondary Schools and the Trinidad & Tobago Association of Principals of Secondary Schools. Also bringing a wealth of knowledge on human capital in the region was Dominic Boon, Vice President of Talent and Organizational Development at CWC’s parent company, Liberty Latin America. The panel was expertly moderated by Simone Martin-Sulgan, Vice President for CWC’s Operations in Trinidad and Tobago, who as a mother of two herself, was deeply connected to the panel’s in-depth look at how parents have been searching for new, engaging, and innovative means to support their children through this new normal of the COVID-19 pandemic. The panelists sought to address the issues facing the education sector and in keeping with the overall conference theme, using our “New Digital Reality” to determine where the opportunities for intelligent collective collaboration exist and do our best to exploit them to our and our children’s advantage.
C&W Communications has been a long-standing partner of CANTO and through its Corporate Social Responsibility programs, and the work of its C&W Charitable Foundation, continues to invest in and advocate for greater digital access for the region’s children. CWC is committed to working with governments and industry stakeholders towards this goal.
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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