The clouds shadowing the U.S. economy are creating a gloomy picture for the usually sunny Caribbean
Pointing to tourism growth rates around 1 percent, compared to world tourism expansion of 7 percent, Alec Sanguinetti, director general and CEO of the Caribbean Hotel Association noted, “The Caribbean is becoming marginalized.” He spoke during a press conference at the Caribbean Marketplace 2008, held in January at Atlantis, Paradise Island, in the Bahamas. Forecasters had predicted a decline in Caribbean tourism because of the Western Hemisphere Travel Initiative requiring passports for ...
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