Philip Camble News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Trend trackers in the region reported enormous growth expectations in September 2023, with Dom Rep leading the way (+54% in international arrivals and +39% in groups expected in Q4 2023, compared to the same period in 2019) and US and Canadian demand dominating air bookings. By contrast, traffic to Cancun was showing signs of a slowdown in the same period. As a further sign of its huge popularity, last year Dom Rep became the first nation in the Caribbean to top 10m visitors in a single year and the growth trajectory was ongoing in early 2024.

This funny old world had more shocks for us in H1 2023. Inflation reached new peaks and interest rates followed in its wake. Uncertainties in relation to the situation in Ukraine and the ripples therefrom remain. Today, financing a deal is proving challenging and such headwinds mean transaction volumes have slowed dramatically. And yet, hotel performance levels are shooting out the lights in many markets, proving that international travel is resilient and people are determined to go and have fun. Long may this continue and performance levels grow.