Caribbean Tourism Returns.

. . . Set To Rise Again

The tourist industry in the Caribbean Basin was enjoying record revenues prior to the devastating impact of the American Great Recession in 2008-09. American tourists suddenly stopped traveling, causing critical cutbacks to hospitality providers in many of these countries which relied upon American tourists for a majority of their revenues. Existing resort hotels cut prices to the bone and many new resort developments were abandoned or foreclosed by financial lenders. Now, after five years of gloom and doom, signs of returning economic progress have motivated hoteliers to plan for a resurgence of the tourist industry. During 2012 and the first quarter of 2013, leading American hoteliers have announced plans for […]

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