According to the Hellenic Chamber of Hotels in Greece, some 65% of hotels in the country are on the verge of bankruptcy. The outlook is equally dire in other tourist-heavy economies across Europe. EU officials are scurrying behind-the scenes to salvage what they can of the summer tourist season. From a supply-side perspective, policy initiatives … Continue reading Placeholder Post Caribbean Assets
Category: Caribbean Assets
The largest industry in the Caribbean is tourism, providing a vibrant ecosystem for hotel and resort development. Sharp demographic segmentation by the industry provides fuel for new arrivals. Development projects are traditionally led by American interests, given the dominant role of US-based travelers to the region.