Record hotel investment predicted despite decline in economy
According to an article in Travel Weekly, based on predictions by PricewaterhouseCoopers, the U.S. lodging industry will invest approximately $5.85 billion in 2008, an increase of 6.4% over 2007. In a subsequent statement, Caribbean hotel industry officials are predicting a similar trend across the tropical region, especially in one-off destinations such as Jamaica and the Dominican Republic, as well as in emerging destinations of upward popularity such as Aruba. Turks & Caicos and Trinidad & Tobago.
