- Strong tourism demand
- Miles of white sandy beaches
- Tropical Caribbean paradise
- 200,000 increase in arrivals forecast
- Government backed development strategy
- Easily accessible from the UK
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This undiscovered jewel of the Caribbean offers a rare opportunity to enjoy the real soul of the islands with colourful clothing, aromatic Creole cooking, vibrant calypso music and tranquil palm fringed beaches. Due to its successful agricultural industry, Grenada has one of the least developed tourism industries in the Caribbean, leaving it beautifully unspoiled but also with a very limited supply of high quality properties. In fact there are less than 20 hotels of a good standard and only a few 4 or 5 star properties in this desirable holiday destination.
Tourism demand on the island is set to grow 2.8% per year between 2008 and 2017. The number of visitors to the island reached an all time high in 2007 and the WTTC predict that international visitor arrivals will reach 600,000 by 2016. Tourism demand on the island is predicted to grow by 2.8% per year between 2008 and 2017Flight accessibility from the UK is good, but steps are being taken to increase availability from USA which will have a dramatic effect on tourist numbers. Growing visitor numbers combined with the current undersupply of high quality properties should mean that resort properties continue to deliver high yields.
Additionally Grenada is particularly attractive to investors, as prices are much less in Grenada than on other neighbouring islands due to it being in the early stages of its development cycle. There are only six main projects currently being developed under the strict planning guidelines of the Grenadian government with a view to develop Grenada as a high-end holiday destination. Once these are complete building on the island will be restricted to ensure the supply and demand balance is maintained.
All in all, it is expected that Grenadian property will perform well from both a yield and a capital appreciation perspective.All in all, it is expected that
Grenadian property will perform well from both a yield and a capital appreciation perspective
- An undiscovered and unspoiled Island
- Tourist demand set to grow 2.8% annually for 10 years
- Lack of high-quality accommodation
- Carefully planned and government backed development strategy
- Prices lower than other neighbouring islands
Climate
Grenada is covered in lush tropical vegetation and rainforests, so the little island has to maintain a warm, balmy climate to sustain its precious foliage. The average year-round temperature is 80 degrees fahrenheit. Daily highs usually climb to 86 degreesfahrenheit, and low temperatures, which usually occur at night, stay near 75 degrees fahrenheit. The hottest months are from June through August. Cooler Grenada is covered in lush tropical vegetation and rainforests, so the island has to maintain a warm, balmy climate to sustain its precious foliagetemperatures characterize the region's winter season, from November to February. Northeast trade winds provide cool, comfortable relief from sultry summer temperatures, so if you travel during the summer, you shouldn't be overwhelmed by the tropical heat.
Hurricane threats are rare, and travellers visiting the island during this time will likely not have to worry. Technology has been able to locate and predict storms forming in the waters well in advance. Before leaving for your tropical vacation, investigate current weather conditions.
Weather in Grenada varies according to altitude. The island has very remarkable topography, with several mountainous regions. Around the coastline, weather tends to be more hot and humid, but as you travel toward the interior of the island, temperatures change drastically. The rainforests of Grenada are shrouded in thick mists, and temperatures in the forests are considerably cooler than on the outer edges of the island. No matter the season, light rains often fall in the mountainous and forested areas of Grenada.