Right now, some existing hotels need upgrading, and numerous projects have been announced in recent years but construction activities have yet to start. Ladies and gentlemen, if we want to achieve a higher growth path for tourism, we need to invest more in the industry. Today’s investment is tomorrow’s growth. Investments are needed to upgrade and expand our hotel capacity and other accommodations.
However, a major impediment remains vis-a-vis the availability of risk capital to finance large investment projects in this industry. Shortage of risk capital is a major obstacle for tourism development in many countries, and Curaçao is no exception.