What are some government initiatives to stimulate the economic and tourism development of Saint-Barthélemy while preserving its environment? Could you give examples of ongoing projects?
Today, the focus is more on preserving the existing economic model rather than developing it further. This is due to the past two years of extremely high tourist influx, sometimes exceeding the island's capacity. The 2023-2024 season saw slightly fewer visitors, aligning better with what the island can accommodate, ensuring the delivery of a premium experience without overwhelming local resources.Maintaining excellence remains the goal, requiring a careful balance between satisfying economic stakeholders and managing activity levels. With more than 70 restaurants, luxury boutiques, and diverse tourism activities, the island must preserve its high-end tourism model. Collaboration with all local actors and attentiveness to market trends are crucial, given regional competition. The unique qualities of Saint-Barthélemy, such as its geographic charm and French heritage, contribute to its exclusivity, making preservation efforts vital.
How does your administration collaborate with airlines and other partners to improve the island's connectivity and stimulate tourism?
Saint-Barthélemy has a unique status in which the airport and port are managed directly by the local “collectivité”, unlike in other French territories. This arrangement allows for tailored improvements and maintenance, such as ongoing renovations at the port, set to be completed by December 1. Upgrades, like enhanced yacht docking capabilities, reflect forward planning for top-tier service quality.Close relationships with airlines are also maintained. Recently, discussions with Air France’s regional director addressed fare concerns and routes to meet local demand and ensure connectivity for both tourists and residents. Collaborations with the nearby Princess Juliana International airport in Sint Maarten to further enhance travel convenience.
What are the economic relations between Saint-Barthélemy and the United States?
While there are no formal institutional ties, the U.S. remains a key market, with approximately 70% of tourists coming from there, predominantly from the East Coast and New York region. Maintaining this relationship involves targeted communication and public relations efforts in the U.S., managed by the tourism committee. While Saint-Barthélemy’s luxury reputation attracts attention, efforts are made to balance tourism promotion with safeguarding the island's unique character.
How has Saint-Barthélemy invested in digital technologies to foster innovation, support entrepreneurship, and improve public services and tourism experiences?
Two major projects began around 2018: burying utility networks for improved resilience, and deploying fiber-optic connectivity, almost fully implemented now, enhancing internet reliability. These upgrades support remote work opportunities and diversify economic activities. The introduction of Starlink has also boosted connectivity.
What are the policies for attracting foreign investment in Saint-Barthélemy?
There is no policy aimed at attracting foreign investors. The focus is on maintaining economic stability and protecting local assets. The main revenue source is a real estate capital gains tax, discouraging short-term speculation. Policies ensure long-term investments that benefit the island’s community.
How does Saint-Barthélemy address climate change to enhance local resilience and protect its natural environment?
Efforts include tracking coastal changes, investing in infrastructure resilience, preparing for cyclones, and implementing strict urban planning rules to withstand natural disasters. Projects supported by the EU and partnerships with institutions such as Montpellier University focus on improving resilience. This multi-faceted approach includes monitoring, preparedness, and community awareness initiatives.
What are your main priorities as President of Saint Barthélemy over the next few years, and what are your expectations and objectives until the end of your term?
The main priorities revolve around environmental preservation and resilience, especially considering cyclonic phenomena. Maintaining the harmony of Saint Barthélemy's landscapes, protecting its green hills, and ensuring pristine beaches is essential. While there is a thriving economy and the appeal of the “French Touch,” preserving the island’s natural beauty remains a top priority.Another focus is the economic model which relies heavily on real estate value gains, accounting for approximately 40% of the revenue. Although this revenue source has been relatively stable at around 40-50 million euros annually, it remains unpredictable. Another revenue source is dock fees, which contribute about 20% of the community's funds and are closely tied to the construction sector. As construction stabilizes, the challenge is to maintain Saint Barth’s image to ensure continued tourist appeal and diversify revenue sources through new activities and economic models that require fewer personnel than luxury hospitality and large restaurants.Additionally, it is crucial to develop different initiatives and brand the Saint Barthélemy name more effectively, considering its commercial value. Partnerships with interested brands, when structured with the community’s interests in mind, can help diversify income and maintain economic stability.
Are there any major new hotel projects currently in development?
There is one ongoing project involving the reconstruction of a hotel on Saint-Jean beach. While the new structure will be larger than its predecessor, efforts have been made to work with relevant stakeholders to create a more responsible and thoughtful development. Beyond this, there are no major new hotel developments, though there are occasional permits for small expansions of existing accommodations. The current infrastructure suffices, and the focus remains on maintaining quality and renewing existing villas rather than expanding capacity.
Is there anything important we haven't covered?
No, but it is vital to remember that Saint Barthélemy's success is due to the hard work of many dedicated people, particularly the public servants who keep everything running smoothly. The island functions like a large resort where quality must be present throughout. Ensuring new arrivals and investors integrate into the existing model, which goes beyond economics and into lifestyle, remains essential. The simplicity and sincerity of interactions and the close community spirit are key elements that make Saint Barthélemy unique.
Any final message for Newsweek readers considering Saint Barthélemy for investment or tourism?
We welcome everyone, and those who visit Saint Barthélemy often develop a lasting attachment. For investors, we invite you to become part of the island's story and engage in meaningful, long-term investments that go beyond short-term visits. The island's vibrant economy offers excellent opportunities for those willing to contribute to and integrate into its unique way of life.
