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July 03, 2005
Will Rising Oil Prices Hurt Caribbean Tourism?
Sir Ronald Sanders of Antigua and Barbuda, "a business executive and former Caribbean diplomat who publishes widely on small states in the global community," writes in a July 3, 2005 article in the Jamaica Observer that, "Throughout the last winter season, tourism in most Caribbean countries was sustained by an increased number of visitors from Europe. This is likely to change in the coming months, hurting revenues and employment in the industry."
He said, "There are two factors that will impact the number of visitors from Europe. The first is the rising price of oil, which has now reached US$60 per barrel, and the other is the decline in the value of the European currency, the euro, against the US dollar." Here's more.
Posted by Munir Umrani at July 3, 2005 01:37 PM
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