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Barbados Feeling Brexit Blow

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Friday, 23 September 2016

Barbados Feeling Brexit Blow

Barbados is beginning to feel the impact of the vote by Britons to leave the European Union (EU), with tourism’s private sector reporting a fall in financial returns. While not providing figures, Chief Executive Officer of the Barbados Hotel and Tourism Association (BHTA) Sue Springer yesterday revealed that British visitors to Barbados were spending less since the vote, due to the sliding value of the pound sterling. Addressing the association’s quarterly general meeting at the Hilton Barbados Resort, Springer explained that while arrivals from the island’s primary source market have not declined, there was evidence of cut backs in spend. “The rate of exchange for the pound sterling is beginning to have its effects, especially on some of our attractions. The UK visitors seem to be . . . cutting back on what they are doing. I have always said that I have seen people [tourists] at the bus stops but I have been seeing even more people over the last few months,” the BHTA executive said.

Source: caribbean360.com