TTC Travel Trade Caribbean

Accra.- All our currencies are tied to the US dollar -some are fixed, some are floating but stable. Anything, therefore, that affects the US dollar is of importance to us, Edwin Carrington, CARICOM Secretary General, told Reuters in an interview in Ghana where he attended a meeting.
Carrington made it clear that the regional tourism industry, which most of the bloc's 15 member states depend on, is in a serious situation if the global financial crisis continues to expand. The official was cautious on identifying the current impact, but stressed that the American and European markets will be affected.
"What you are likely to find is an attitude of caution and that caution means holding on things like travel and holidays. And once they hold on holidays it hits our economy immediately," said Carrington. The CARICOM Secretary General noted that a possible solution for the region is to begin looking for tourists within the area.