BUSINESS

Travel industry squeezed as America tightens belt Wednesday, November 12, 2008 (Reuters): As Americans evaluate and pare back their discretionary spending for the remainder of this year, the travel and leisure industries are feeling the squeeze. Companies throughout the sector have all warned in recent weeks that their businesses have slowed or that things could get worse next year. read more... Caribbean hotel bookings plunge as economy sags Saturday, November 8, 2008 (Reuters): Hotel bookings in the Caribbean are plunging as financial turbulence dashes vacation plans, and hoteliers and governments are trying to ward off a deep slump by ramping up marketing efforts and slashing prices. The big cruise operators have also warned of a slowdown in bookings worldwide. read more... Present economic challenges are an opportunity for Caribbeanpreneurs to shine Monday, October 27, 2008 “Although the reports of a dire tourism season is cause to tighten our belts, it is also a time to free our thinking and move outside the box,” says entrepreneur and author Nerissa Golden. Golden is the founder of the Young Entrepreneurs Symposium and Truly Caribbean Network, a non-profit foundation. read more... An Obama victory could be bad news for Caribbean tax havens, says UK lawyer Monday, October 27, 2008 With the US election looming on November 4, whoever is elected as the next president will have a major impact on global issues. According to Stephen Platt, Chairman of the BakerPlatt Group, a Senator Barack Obama victory could be a particular threat to offshore centres, including several in the Caribbean. read more...