Caribbean Market

Caribbean is the most tourism dependent region in the world
Gross tourism revenues greater than 33% of exports
Estimated tourism employment at 2mm and more than 50% of labor force in some areas
3,000 properties and more than 300,000 hotel rooms with 80% of inventory independent assets
Tourism is the primary foreign exchange earner exceeding traditional production sectors
Estimated arrivals at near 23mm via air in 2010 (equivalent to 23mm in 2007)
U.S. consumers make up close to 12mm visitors versus just under 5mm from Europe
Cruise Arrivals at 20mm in 2010 up from 1mm in 1970
Total tourism spending at more than $22 billion in 2010 (down from $27 Billion in 2007)
More than $5 billion in capital investment in 2010
Positive Long Term Fundamentals
Proximity to United States
Introduction of Low Cost Carriers
Regional Stimulus Packages
Relative value of vacation versus Asia and Europe
Perception of Caribbean as safe and stable region