L-R: President of the Cayman Islands Tourism Association, Theresa Leacock-Broderick is joined on the tourism industry panel by Mark Langevin, General Manager, The Ritz Carlton, Grand Cayman, Oneisha Richards, Deputy Director of International Marketing and Promotions, Cayman Islands Department of Tourism, and Pilar Bush, Executive VP of Marketing and Communications, Dart Enterprises.

Dart joins tourism and real estate industry leaders at Chamber’s Economic Forum

Dart Senior Vice President of Development Justin Howe, and Executive Vice President of Marketing and Communications Pilar Bush, joined government and industry leaders from the financial services, construction and real estate development, and tourism sectors at the Cayman Chamber of Commerce's annual Economic Forum.

Hon. Roy McTaggart, Minister of Finance and Economic Development, spoke on the state of the Cayman Islands’ economy. Minister McTaggart touted the government’s commitment to maintaining long-term stability, and highlighted growth in the GDP and reduction in government debt by 2019 as key drivers of the islands’ sustainability and progress.

The forum also featured a number of panel discussions on policy issues as well as key updates and insights on the tourism and real estate development sectors. On the importance of the real estate industry to the local economy, Howe spoke about Dart’s strategic approach to real estate development in Cayman.

“The Cayman Islands is currently enjoying an economic boom and it is important that we balance our rate of development with the needs of the market,” says Howe.

“Given Minister McTaggart’s report on the Islands’ robust GDP and diminished public debt levels, we have confidence in the long-term sustainability of a broader financial services and tourism-based economy, which will in turn drive our continued development of commercial, residential and hospitality projects.”

On the tourism front, the Cayman Islands continues to enjoy a record-breaking season, with substantial increases in stayover and cruise visits. The panel discussion explored that for Cayman to continue to be a destination of choice, it must have cooperation and collaboration from its three driving sectors – financial services, real estate development and tourism.

“The afternoon’s discussion underscored the need for three main industries to work together to protect and promote brand Cayman,” says Bush.

Bush also spoke of KAABOO Cayman, the two-day arts and entertainment experience presented by Dart in partnership with Virgin Produced. The festival is expected to attract 11,000 attendees and generate an estimated US$14 million.

“Our support for KAABOO Cayman is an example of promoting Cayman, building on our reputation as innovative leaders in tourism while stimulating economic growth.”