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The global economic crisis is wreaking havoc in many industries across the globe. The tourism Industry has not been left behind and is arguably one of the most affected industries worldwide. The Caribbean Islands for instance are among the most hit regions. Noting that Tourism is the major industry in the region, the economic slowdown has hugely impacted negatively, wherein five major countries are recording double-digit drops.

The global financial hurly-burly is sending major chills on all the visitor hotspots in the Caribbean island and this year appears to be very challenging to stake holders in the tourism industry in the region, as they try to ward off a profound fall in the leading industry. The economic downturn is attributed to escalated oil costs which consequently escalated airfares as airlines were forced to reduce flights. Low consumer confidence is also a major contributing factor in the tourism markets.

Pitiable figures from statistics released early this week by the Caribbean Tourism and Organization indicate Anguilla topping the list of the worst hit, with a drop down figure of 18.8 percent. Cuba, Jamaica and Mexico’s Cancun region are the only places showing at least some unpredictable stability. All the other 12 reporting territories and nations have had terrible drop down on the number of holidaymakers.

In Antigua alone, holidaymaker’s traffic declined to a sad 14.3 percent, followed closely by St. Lucia which recorded a 13.7 percent decline. Montserrat and Cayman Islands recorded 11.6 percent and 11.3 percent respectively. Puerto Rico on the other hand recorded a decline of 4.7 and the U.S virgin Islands had a 6.1 percent decline.

Even though the periods when this data was reported vary from nation to nation, the figures all act to shed some light on early 2009 tourism in comparison to the same time in 2008.

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