News
Baker Tilly Survey Says….
#TurksandCaicos, October 1, 2021 – Baker Tilly, Turks and Caicos Islands recently launched its eagerly awaited 2021 Baker Tilly Caribbean Hospitality Financing Survey.
The results of the survey include several positive references to the Turks and Caicos Islands. For example banks, private equity funds, family offices and developers all named TCI as the country in the region which they are most confident about in terms of providing financing to tourism projects.
The last 18 months has clearly been an extraordinarily difficult period for the region’s tourism industry. Whilst many stakeholders in the industry may have their own instinctive feel as to how the pandemic has impacted financiers’ current perspective of Caribbean tourism projects, Baker Tilly’s survey is the first of its kind that is able to give a definitive view on such matters based on comprehensive data provided directly by banks, private equity funds, family offices and developers pursuant to an extensive survey exercise.
It is very encouraging for the region that many of the survey findings reflect signs of positivity and optimism amongst the financing community.
The main messages coming out of the Baker Tilly survey include, but are not restricted to, the following:
- Some 60% of respondents state that COVID has unquestionably been the biggest threat to tourism in their lifetime.
- The confidence level of the non-bank community, being private equity funds, family offices and developers, is more than double the level pre-pandemic.
- All non-banks anticipate making new investments in Caribbean tourism related projects in the next 12 months.
- A major contributor to these confidence levels is a perceived real estate boom which two thirds of respondents believe will last for at least a year.
- The real estate boom is partly fueled by High-Net-Worth individuals who are contemplating an investment in the Caribbean as part of a Plan B or Plan C in the event of further COVID outbreaks or similar pandemics.
- Private villas, serviced by established resort management companies or on a “stand-alone” basis, represent a rapidly growing market segment creating an entire ecosystem of jobs
- Most respondents believe it will be at least late 2022 before tourism numbers return to pre-COVID levels.
- A couple of cautionary notes. Approximately half of respondents believe it is becoming more difficult to conduct business in the Caribbean and some 20% of banks anticipate that more than 10% of their tourism industry clients will go out of business within the next 12 months
- Sentiment is very much one of excitement and optimism exemplified by the following quote when respondents were asked what fills them most with optimism about the future “The fact that the industry survives something like COVID against all odds.”
Gary Brough, Managing Director of Baker Tilly, Turks and Caicos Islands, who is leading Baker Tilly’s tourism initiatives in the Caribbean said “The survey findings certainly corroborate what we are seeing in the marketplace but even we were quite surprised at just how high the confidence levels of the financing community are and the extent of financiers commitment to making investments in the regions tourism industry over the next 12 months. This certainly represents good news for our regional economies particularly given that the Caribbean is the most tourism dependent region in the world.”
For further details please contact Gary Brough on 946 4613 or go to www.bakertilly.tc
Turks and Caicos, May 23, 2026 – Invest Turks and Caicos Islands took center stage at one of the region’s most influential hospitality
investment gatherings this spring, serving as a Platinum Sponsor at ALIS CALA 2026 in Coral Gables, Florida.
Held April 28 to 30 at the Loews Coral Gables Hotel, the conference brought together more than 600 tourism, hotel and investment leaders from over 35 countries focused on the future of hospitality investment in the Caribbean and Latin America.
ALIS CALA — short for the Americas Lodging Investment Summit Caribbean and Latin America — is widely regarded as the region’s premier deal-driven hospitality investment conference. The platform emerged from the merger of the long-running Caribbean Hotel & Resort Investment Summit (CHRIS) and Hotel Opportunities Latin America (HOLA), creating what organizers describe as a high-level space where investors, developers, lenders, hotel brands and government leaders connect around major regional projects and opportunities.
The event is known for attracting senior decision-makers, with roughly one in three delegates holding titles such as Chairman, CEO, President, Owner or Principal.
Invest Turks and Caicos said its participation focused heavily on showcasing investment opportunities across the territory, particularly in the Family Islands.
CEO Angela Musgrove delivered a presentation highlighting development opportunities in the Turks and Caicos Islands to what the agency
described as a full room of attendees and strong stakeholder interest.
In a statement following the conference, Invest Turks and Caicos said discussions centered on tourism expansion, sustainable development and long-term investment partnerships designed to position the Turks and Caicos Islands as a leading investment destination in the region.
The agency added that it looks forward to continuing conversations started at ALIS CALA and building new partnerships with investors, developers and strategic stakeholders interested in growth opportunities throughout the islands.
The conference itself focused heavily on capital access, hotel development pipelines, mixed-use tourism projects and investment confidence throughout the Caribbean basin — sectors where Turks and Caicos continues to attract increasing international attention.
The Rick Fox Political Timeline
“Are You Thinking About Politics?”
Fox publicly acknowledged growing calls for him to enter Bahamian politics, saying he had been hearing from women, youth, business owners and everyday Bahamians who were “ready for something different.”
October 19, 2025
“Then Jump, Man.”
Fox revealed a conversation with NBA legend Michael Jordan, who encouraged him to enter politics after asking whether he believed he could help young Bahamians.
November 24, 2025
“The Bahamas Must Be First”
Fox officially announced his intention to run in the 2026 General Election, promising transparency, affordability, opportunity and a modern Bahamian economy.
February 4, 2026
“Officially Picked”
The Free National Movement formally ratified Fox as its candidate for Garden Hills, instantly making him one of the most talked-about figures in the election cycle.
March 20, 2026
“From Courtside to Campaign Stage”
Fox mounted the national campaign stage for the first time at the FNM’s major campaign launch at Baha Mar Resort in Nassau.
March 30, 2026
“I’m Giving The Salary Back”
Fox announced he would not take a parliamentary salary if elected, saying the funds should instead go back into helping the people of
Garden Hills.
April 14, 2026
“Nomination Eve Goes Viral”
A heated confrontation involving Fox and PLP supporters outside the Parliamentary Registration Department exploded across social media after video captured the tense exchange.
April 16, 2026
“Pick Rick” Officially Launches
Nomination Day cemented Fox’s candidacy and formally launched the now-famous “Pick Rick” campaign branding.
April 19, 2026
“Vote and Win”
Jamiah Burrows won a vehicle through Fox’s civic participation challenge, part of a campaign effort encouraging voter engagement and turnout.
April 20, 2026
“The Wealthiest Candidate”
Financial disclosures revealed Fox as the wealthiest candidate in the 2026 election cycle, with reported assets exceeding $469 million, ending speculation about his financial standing.
April 25, 2026
“The Garden Hills Blueprint”
Fox unveiled detailed policy graphics outlining plans for:
- youth development,
- healthcare access,
- infrastructure upgrades,
- environmental restoration,
- entrepreneurship,
- and a proposed $10 million investment fund for Garden Hills.
May 4, 2026
“The Numbers Don’t Lie”
Fox’s campaign highlighted more than:
- 20 community clean-ups,
- 16 streets and locations served,
- and 13 solar lights installed across Garden Hills during the campaign.
May 6, 2026
“Shaq Steps In”
NBA legend Shaquille O’Neal publicly endorsed Fox, helping elevate international attention surrounding the campaign.
May 8, 2026
“Buju Backs Rick”
Jamaican reggae icon Buju Banton threw his support behind Fox ahead of Election Day.
May 10, 2026
“Vanessa Williams Endorses”
Fox’s former wife, actress and singer Vanessa Williams publicly endorsed his campaign.
May 11, 2026
“Magic Joins the Campaign”
NBA icon Magic Johnson became the latest major celebrity to endorse Fox just one day before Bahamians went to the polls.
May 12, 2026
“Election Day”
Fox contested the Garden Hills constituency seat against PLP incumbent Mario Bowleg in one of the country’s most closely watched races.
May 13, 2026
“Grace in Defeat”
Fox publicly conceded the race and congratulated Bowleg on his victory in Garden Hills.
May 18, 2026
“We Pick Rick”
Despite losing at the polls, Fox officially entered Parliament after being appointed to the Senate by the FNM — with the party itself declaring:
“We Pick Rick.”
The appointment made Fox one of the most internationally recognized figures ever to serve in the Bahamian Senate.
Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.
Providenciales, Turks and Caicos Islands — The Informal Settlements Unit (ISU), in coordination with the Planning Department and key partner agencies, conducted a multi-agency enforcement exercise on Thursday, May 7, 2026, in the Lower Bight area in Providenciales. The exercise resulted in the complete removal of a total of eight (8) unauthorized structures and all associated debris from a
privately-owned parcel of land.
The operation was led by the Planning Department, with coordination by the ISU and support from the TCI Border Force, the Crown Land Unit, and Pelican Energy. Security for the exercise was provided by the Royal Turks and Caicos Islands Police Force. All agencies worked collaboratively to ensure the exercise was carried out in a safe, orderly, and controlled manner.
The enforcement action followed a structured and lawful process in accordance with the Physical Planning regulatory framework of the Turks and Caicos Islands. Section 45 Enforcement Notices were first issued on the affected parcel in December 2024, identifying unauthorized structures erected without the requisite approvals. This was followed by the issuance of Warning Notices on April 16, 2026, which advised occupants that they were in breach of planning and land use regulations and provided notice that demolition activities would proceed following the prescribed compliance period. Despite these notices and the time afforded for compliance, the unauthorized structures remained in place.
This exercise represents part of an ongoing commitment to ensuring that development within the Turks and Caicos Islands is lawful, safe, and aligned with national standards.
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