In the blogs

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            [post_date] => 2014-12-24 10:00:27
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            [post_content] => Based on a study that aimed at examining the drive of tourism flows in the Caribbean, it was discovered was that the region's share of the global tourism market is declining.The International Monetary Fund (IMF) Working Paper titled Revisiting Tourism Flows to the Caribbean: What is Driving Arrivals, discovered that tourism arrivals and expenditure are sensitive to both price and income factors in source markets; price and income elasticities of tourism have declined since 2008 and that price elasticity is statistically insignificant for high-end destinations.

The study prepared byNicole Laframboise, Nkunde Mwase, Joonkyu Park, and Yingke Zhou, also found that the nominal cost of an average one week beach holiday in the Caribbean is higher than in other beach destinations around the world.The 16 countries examined in the study includes Anguilla, Antigua & Barbuda, The Bahamas, Barbados, Belize, Dominica, Dominican Republic, Grenada, Jamaica St. Kitts & Nevis St. Lucia and St. Vincent & the Grenadines. Countries Guyana, Haiti, Suriname and Trinidad & Tobago were excluded from some of the empirical work of the study as announced by authors of the study as they have non tourism-based economies.

The study highlighted, these results point to the need for structural reforms to raise product quality, cost reduction or containment in 'low-end' destinations, including possibly via exchange rates, and an adjustment in aggregate consumption to adapt to the implications of a lower contribution to GDP (gross domestic product) from tourism."

The study found that the Caribbean is highly dependent on tourism. As the system of agricultural trade preferences was dismantled in many countries, the importance of tourism still increased steadily. The dominant sector gradually became Tourism, and now holds a significant share of GDP, ranging from 8 to 40 per cent of GDP for most of the 16 countries studied in this paper.Tourism was found to be the key source of government revenues and the main driver of economic growth and employment.

In recent years, however, the rate of growth in tourist arrivals has stalled, and the regions share of the global market has been shrinking. Moreover, many Caribbean countries are facing significant macroeconomic imbalances as growth has slowed and public finances have deteriorated. Thus there is strong interest in understanding what drives tourism flows.

With the assistance of data covering the years 2000-2013 for the 16 countries, the research indicated thatboth price and income factors are found to have a significant impact on tourism arrivals and expenditure, even though price elasticity is found to be statistically insignificant for high-end destinations. The number of airlines also has a statistically positive impact on arrivals and expenditure.
            [post_title] => Caribbean's Share Of Global Tourism Market Found To Be Negatively Influenced By High Costs
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Caribbean's Share Of Global Tourism Market Found To Be Negatively Influenced By High Costs

December 24, 2014
1

Based on a study that aimed at examining the drive of tourism flows in the Caribbean, it was discovered was that the region's share of the global tourism market is declining.The In...Continue reading

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            [post_date] => 2014-12-20 10:00:25
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            [post_content] => The leader of the main opposition United Workers Party (UWP), Allen Chastanet, shared his opinion that the ruling St. Lucia Labour Party (SLP) is overreacting to reports that the youths of the country were entertaining the idea to want to kill Prime Minister Dr. Kenny Anthony, stirring from frustrations of the economic situation. As the report was made during a television programme that was broadcast earlier this month, the SLP called on Police Commissioner Vernon Francois to conduct an investigation.

SLP's public relations officer, Winston Springer, stated that during the programme two of the guests expressed their frustrations of not being able to find employment and generally survive in the economic condition, and were distressed to the point that they would assassinate the Prime Minister. Lashawn Lambert, who made the remark publicly on the television show, have since then been interviewed by the police.

Chastanet said that while he thinks the threat "is an extremely serious matter," he did not think that when the young man made the comment, he was threatening the Prime Minister.

I think he was crying out to the young people who are being marginalised and have lost hope, the UWP leader said, adding the unemployment figure for young people is as high as 44 per cent.That to my mind is what the government should have been reacting to, Chastanet said.
            [post_title] => St. Lucia Opposition Deems PM's Response To Reports Of Plans To Kill Him As An Overreaction
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St. Lucia Opposition Deems PM's Response To Reports Of Plans To Kill Him As An Overreaction

December 20, 2014
1

The leader of the main opposition United Workers Party (UWP), Allen Chastanet, shared his opinion that the ruling St. Lucia Labour Party (SLP) is overreacting to reports that the y...Continue reading

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            [post_date] => 2014-12-19 10:00:01
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            [post_content] => With the winter season at hand, St. Lucia's award-winning luxury resort Anse Chastanet has unveiled improved suites for their guests. Recently, the resort was recognized by Cond Nast Johansens as the best value luxury experience in the Caribbean for the New Year.

The newly renovated Casuarina suite at Anse Chastanet now features a brand new160 square-foot pool surrounded by a 135-square deck in the middle of the hillside resort with breathtaking views of the storied Piton Mountains rising from azure waters.

The entire unit was redone and re-branded with a brand new bathroom as well as a huge walk-in closet, said Executive Director Karolin Troubetzkoy, after sharing that the new accommodations were available for immediate bookings.

In a private hillside setting at Anse Chastanet Resort facing The Pitons and the Caribbean Sea, the Casuarina is nestled in an area with lush foliage. The beauty is exquisitely completed with coralina stone tiles and handcrafted furnitures that were made from sustainably culled tropical hardwoods. The spacious bedroom with walk-in closet opens to a 420-square foot open walled patio-living room area, and thegrand bathroom, also with a Piton view, features a Couples Shower with His and Hers rain shower heads.

The daily rates being offered by Ansa Chastanet to reserve the lavish suite for two is atUSD $1,150 (January 3-April 15, 2015), $1,015 (April 16-May 31 and November 1- December 19, 2015), $885 (June 1-October 31), all exclusive of a 10 percent service charge and 10 percent VAT.

Request to include breakfast and dinner with the package will cost $180 per couple per day, while an all-inclusive meals and drinks package can be added for $340 per couple daily.

In addition, guests may also request a second bedroom and bathroom which can be connect with Casuarina at the following add-on rates: $560 (January 3-April 15, 2015), $440 (April 16-May 31 and November 1-December 19, 2015), and $365 (June 1-October 31); plus 10 percent service charge and 10 percent VAT.

Pleased with the success of his enterprise of the Casuarina makeover,Troubetzkoy said plans are being laid for renovations to three similar Anse Chastanet rooms in the summer.

For reservations atChastanet, call 1 800 223-1108, emailansechastanet@ansechastanet.com or visit www.ansechastanet.com.

 
            [post_title] => Anse Chastanet Refreshes Their Casuarina Suite With Exquisite Renovations For Winter
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Anse Chastanet Refreshes Their Casuarina Suite With Exquisite Renovations For Winter

December 19, 2014
1

With the winter season at hand, St. Lucia's award-winning luxury resort Anse Chastanet has unveiled improved suites for their guests. Recently, the resort was recognized by Cond Na...Continue reading