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| Royal St. Kitts Golf Course |
BASSETERRE, ST. KITTS, NOVEMBER 2ND 2005 - Both islands of St. Kitts and Nevis have been listed by Golf Business Magazine.com as two of seven Caribbean islands more active in golf development in the Caribbean.
Golf Magazine.com, owned by the National Golf Course Owners Association carried a global outlook on the sport in which Maine-based freelance journalist, Peter Blais, said that though the golf industry is flat in the United States, golf is booming in many other areas of the world.
In the article in Golf industry's leading business publication, Troon Golf Senior Vice President of International Business Development, Chris Roderick, identified the Caribbean islands as the Dominican Republic, the Bahamas, Anguilla, St. Lucia, St. Kitts, Nevis and Barbados.
Blais wrote that while American course owners have struggled with an oversupplied market in recent years, venture outside the United States and the course-development engine, though not in high gear everywhere, is motoring along quite well in certain spots.
St. Kitts, which already boasts of the Royal St. Kitts Golf Course, is presently constructing a new 18-hole International Golf Course at La Valle.
The Government of St. Kitts and Nevis Prime Minister Dr. the Hon. Denzil L.
Douglas has been speaking to investors for the construction of at least three more golf courses in various parts of St. Kitts. Premier of Nevis the Hon. Vance Amory has also announced plans for golf course construction on that island in addition to the course at Four Seasons.
"The strongest growth in this area has been in Mexico and the Caribbean, where a mixture of resort and residential properties are being built," said Executive Vice President of Nicolas Design, Tim Kenny.
"The reason for growth in the Caribbean is the tremendous increase in the number of European buyers and the value of European currency and the British pound," the Nicklaus executive explained. "The value of their currency has created a situation where buying something in the Caribbean is worthwhile and in many cases a great bargain.
Golf Business is the official publication of the National Golf Course Owners Association (NGCOA). The editorial content is designed to promote the exchange of information and ideas among course owners and senior industry executives to improve the profitability of their operations.
