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CHTA Teams Up With Hospitality, Finance & Tech Association

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#MIAMI, Florida, April 26, 2022 – The Caribbean Hotel and Tourism Association (CHTA) has signed a three-year agreement with the Hospitality Financial and Technology Professionals (HFTP®) association to expand the delivery of resources for members of both organizations.
The Memorandum of Understanding allows members to access finance and technology-related education on topics such as upscaling workforce automation and staffing, cryptocurrency, non-fungible tokens (NFTs), and cybersecurity. These master classes are being developed by CHTA, while experts are to be supplied by HFTP.
CHTA members also will benefit from complimentary exhibits registration for HITEC North America, the world’s largest hospitality technology conference, to be held in Orlando, Florida from June 27 to 30, 2022.
CHTA President Nicola Madden-Greig said that being technologically astute in today’s rapidly changing and challenging business environment is central to a robust tourism rebound in the Caribbean. “We must be au courant in leveraging technological tools in driving operational efficiency, executing strong marketing campaigns as well as delivering new customer experiences,” the CHTA president reiterated.
“We need to be much smarter when it comes to the application of technology across the region – from artificial intelligence to big data,” the Jamaican tourism leader opined, while expressing optimism concerning the potential impact this partnership could have on the region’s travel and tourism sector.
Vanessa Ledesma, acting CEO and Director General of CHTA, described HFTP as a hospitality industry authority in the areas of finance and technology. “This is such a great fit for CHTA,” she said, adding that more of the Caribbean can now be on the cutting-edge when it comes to implementing solutions to pressing challenges.
Like CHTA, HFTP leverages its experts, networks, research, certification programs, information resources and conferences and events to benefit its members. HFTP also owns the world’s only hospitality-specific search engine, PineappleSearch.com, which centralizes highly fragmented industry information into a single, free-to-use platform.
“The strength of HFTP relies greatly on the reach of its global network, collectively building a broad knowledge base by sharing expertise and resources,” said HFTP CEO Frank Wolfe. “Partnering with CHTA and the Caribbean, a region well-known for its hospitality industry, is a significant step to connecting our shared efforts to support education and innovation.”
Ledesma envisions members of the two associations learning from one another and identifying new avenues for collaboration as the travel and tourism sector emerges from the ongoing pandemic.
Sanovnik Destang, CHTA’s 2nd Vice President and Chair of the Technology Task Force, said the Memorandum of Understanding between two organizations will bring many exciting benefits to members, including access to HITEC’s Entrepreneur 20x pitching competition.
“For the first time ever, Caribbean-based hospitality tech entrepreneurs will get to participate in this competition with the application fee waived. This is a great opportunity for our members and we look forward to more opportunities like this through our partnership with HFTP,” he said.

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Caribbean News

Deputy Premier Spot on, TCI TODAY Removed from EU Blacklist

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Deandrea Hamilton

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#TurksandCaicosIslands – February 20, 2024Sixteen months after being added to the European Union’s Black List for non-cooperative tax jurisdictions, the Turks and Caicos Islands is now off that list.

“Today,the Council removed The Bahamas, Belize, Seychelles and Turks and Caicos Islands from the list of non-cooperative jurisdictions for tax purposes.”

The release explicitly states that in the case of the Turks and Caicos and The Bahamas, “ever since October 2022, deficiencies in the enforcement of economic substance requirements had been identified in both of these jurisdictions by the OECD Forum of Harmful Tax Practices (FHTP).”

It was recommended for remedy to the deficiencies has now been “converted from hard to soft recommendations,” said the statement.

That pivot was fundamental in the de-listing of the two countries said the information from the Council.

“…which allowed the Code of Conduct Group to consider these jurisdictions with no or only a nominal corporate income tax.”

When Magnetic Media spoke to E. Jay Saunders, Turks and Caicos Deputy Premier and Finance Minister in March 2023 he had full confidence that it was only a matter of time before the TCI was given a more favourable position with the EU. 

“There is no question about it. I’m confident that by February 2024, we will be off the list– I’m completely confident and there are no lasting repercussions.”   

 It had been sub-par computer systems that landed the TCI on the list.  The Deputy Premier, at the time offered that the EU was being too dramatic and its language, disproportionate surrounding the issue. 

That black listing and gray listing is often viewed as a black eye in the financial services sector, therefore this announcement today is vindication for the TCI and a huge plus for the Fintech ambitions of the Misick-led government.

 Twelve others remain with the unsavory categorization including Caribbean neighbours: Trinidad and Tobago; US Virgin Islands; Anguilla and Antigua and Barbuda.

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Jamaica hosts 2nd Global Tourism Resilience Conference

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Rashaed Esson

Staff Writer

 

#GlobalTourism#Jamaica, February 19th, 2024 – Strengthening the future of global tourism against growing climate challenges, Jamaica hosted the 2nd Global Tourism Resilience Conference in Montego Bay from February 17th to the 18th, featuring high level delegates from the around the world, such as the Secretary General of the United Nations World Tourism Organization and spearheaded by its co-founder, Edmund Bartlett, the Minister of Tourism for Jamaica. The conference was under the theme “Navigating the Future of Tourism Resilience,” and addressed the swift need for more innovative strategies to combat the growing challenges that threaten Tourism. Sustainable tourism practices, crisis management, digital transformation, and the importance of promoting global partnerships, were among the topics discussed. 

 

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Dengue in Peru-Over 12 Thousand Cases

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Rashaed Esson

Staff Writer

 

#Dengue#Peru, February 19th, 2024 – Since the start of the year, there have been more than thirteen thousand cases of dengue in Peru, with over three thousand in the fifth week alone, according to the Peruvian Ministry of Health. The northern region reportedly has the highest number of cases. Revealed in a February 16th report by the United Nations Office for the Coordination of Human Affairs, this represents a 53.4 percent increase in cases compared to 2023. This massive increase is linked to prolonged heat waves caused by the El Nino effect, the ministry reporting over 100 consecutive unusually hot days and more than 200 warm nights. Higher temperatures create favorable conditions for dengue transmission.

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