Caribbean hotels face significant challenges, PKF reports

08/22/2008 | TravelPulse

A report from PKF Hospitality Research shows that the hotel industry in the Caribbean faces serious challenges, including increased competition, rising energy expenses, reduced air service and an economic downturn in the U.S. "Given the region's dependence on airlift, the most daunting issues facing the Caribbean hotel industry are the rising cost of airfares and the announced cutbacks in air service," said Scott Smith, of PKF Consulting. "Due mostly to the rising cost of fuel, four of the five leading air carriers to the Caribbean have announced cutbacks in service."

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