The tourism sector in the Caribbean, enjoying some stability after the devastating fall-out of the 9/11 events in the United States, is again facing major threats - this time from the world wide global credit crunch.

Hotels around the Caribbean are reporting sharp declines in occupancy rates, jobs are being scaled down in the hospitality industry and some projects under construction have been canceled and others suspended.
Despite the gloomy outlook on the tourist industry, hoteliers, tour/travel operators and tourism association spokespersons during last week?s staging of the Caribbean Hotel & Tourism Association?s (CHTA)