Tourism/Travel

Tourism

Tourism- the fragile Industry

Caribbean Tourism has been surviving extremely well during the past five years. After the 9/11 catastrophe in the US, which affected every corner of the globe, the Caribbean through Governments intervention with huge subsidization sums of millions of dollars, survived quite well.

Apparently, due to the peaceful and stable social environment in the region, the market quickly adjusted, especially with cruise passengers, which until today is still the main vehicle for great numbers of visitors. Global air travel today remains very active in the region, and although fares are exorbitant, as compared to domestic travel in most major countries, people are still visiting the Islands, in search of peace, relaxation and more so tranquility.

What's in store because of the economic slow-down in the United States and global trends are yet unknown, but the Governments and the relevant Tourism Agencies are preparing themselves for recession fall-out, which it is believed would effect travel immensely.