MediaPost Publications "The Caribbean is getting hit by more than weather -- resorts and hotels are feeling the economic ebb tide. According to PKF Hospitality Research (PKFHR), an Atlanta-based firm, Caribbean hotels experienced a 16% dip in profits last year, on average. And the firm's 2009 version of 'Caribbean Trends in the Hotel Industry' forecasts that this year will be no better.
Like automakers, the Caribbean hotel groups are leaning on incentives and regional advertising to drive visitor traffic and packages. The firm says the economic situation depressed revenue by 4.5% in 2008, per PKFHR."
Like automakers, the Caribbean hotel groups are leaning on incentives and regional advertising to drive visitor traffic and packages. The firm says the economic situation depressed revenue by 4.5% in 2008, per PKFHR."
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