Roseau, Dominica: The Nature Isle of the Caribbean- Dominica has been filled with exceptional beauty, and one of its mesmerizing locations, Secret Bay, remained one top choice for visitors. In the year-over-year results, it has been outlined that Secret Bay has paid out over USD 1 million to investors in return for their investment.
They also declared that the resort has also gained more than 100 Citizenship by Investment owners from across the globe.
The data was released during the period of the fourth quarter of 2019 and the second quarter of 2022. The award-winning resort and the CBI programme’s well-recognized project witnessed a significant hike in the investor, return on investment payout, total sales, ADR, occupancy rate, and resort employee growth.
Various factors, such as scheduled new villas and new amenities, performed well for the resort.
The investors have been looking at Secret Bay as a valid option to invest in the real estate investment option of the CBI Programme. The Citizenship by Investment Programme of Dominica has also ranked as the world’s best in the CBI Index 2022 released by PWM Magazine of Financial Times for the sixth consecutive year.
Various factors influence Year-over-year growth success include:
While witnessing a significnat hike, the Residence at Secret Bay records an increment in terms of investors as data reached from 41 to 103 between Q2 of 2021 and Q2 of 2022. It contributed to the 151 percent increase.
During the period of Q4 of 2019 to Q2 of 2022, the total Return on Investment stood at US $1 million, with the average ROI being 3.6%. While adjusting for the operating days, the Return on Investment witnessed a growth of 7 percent.
Between 2019 and 2022, the count of villas also witnessed growth. It is also expected that this count will get double in size by the end of 2024 and reach 28 villas.
In 2022, the rate of operating occupancy jumped to 90 percent, as it was 58.9 percent in 2019.
The Average Daily Rate (ADR) also witnessed growth as it jumped to $1000 from $857 from 2019 to 2022.
There was also a surge in the number of employees from the Q4 of 2019 to Q3 of 2022. It has increased from 33 to 104, which contributed to a 215% increase.
Non-CBI transactions accounted for 36% of revenue, which also included The Residences setting a Dominica price record with the sale of a US $7.2M multi-villa compound in 2021.
About Secret Bay:
Secret Bay has not performed extraordinary and witnessed growth over the past three years; it has also introduced the newest amenities, such as state-of-the-art amenities, including a heralded restaurant, spa, a wellness pavilion, welcome house, lap pool and bar and more.
Moreover, various amenities are now under construction, which will be disclosed over the next 12 months. It included a second restaurant and bar, art, boardwalk, floating platforms, funicular, chef’s table and EV charging stations.
Secret Bay’s StayWell Program is built on three premises: green and clean practices, nutrition-based vitality and Dominica’s healing biodiversity. Combined with the secluded nature of our six-star resort, meticulous planning by Secret Bay staff allows guests to completely unwind and explore the island with ease.
About Secret Bay’s Gwiyavye’ Lap Pool & Bar
The resort has also disclosed its newest amenities, such as Mouben Welcome House, Gwiyavye’ Lap Pool and Bar and Zing Zing Lounge – which are inspired by biophilic design and embrace the resort’s nature and sustainability design ethos.
These architecturally stunning amenities are the newest undertakings being introduced as part of our 10-year-old, award-winning resorts’ multi-year, master plan. This evolution – spread over 40+ acres of coastal land – allows for an array of new amenities, more private villas and the introduction of a for-sale residence program — all while lowering the resort’s overall density and granting guests the utmost in the luxury of time and space.
Publications such as Architectural Digest, CNN, Fortune, National Geographic, Outside, the cover of Travel + Leisure, and The Telegraph ranked recognized Secret Bay for its exceptional design. It has also been named as one of Travel + Leisure’s top 500 hotels in the world and the #1 Resrot Hotel in the Caribbean, Bermuda and the Bahamas.
