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Re: future economy & cruising
[Re: gudiss]
#205151
09/22/2019 10:18 AM
09/22/2019 10:18 AM
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Joined: Oct 2004
Posts: 1,951
St. John, USVI
RickG
Traveler
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Traveler
Joined: Oct 2004
Posts: 1,951
St. John, USVI
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During the first Gulf War we saw a big slow down of tourism in the islands. This was on top of Hugo and then Marilyn. Right now we have higher than usual airfares due to the 737 Max being grounded which has driven AA's cost high. There will always be externalities that drive rational expectations. The islands are at the end of a long supply chain and are dependent on tourism. We are still seeing residents leaving the island due to the lingering impact of Irma. There is risk. Businesses and people that are just getting by will have challenges.
Cheers, RickG
S/V Echoes, 2003 Beneteau 423
Grenada
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