Rapid Changes
Just returning from a few weeks in Europe, I was impressed with the speed the island keeps moving ahead. Especially in the Simpson Bay area, there are several new buildings almost completed and many more shops and restaurants will be open for this winter's season.

I do wonder what is fueling these investments; as the island has a limited number of hotel rooms available and there has not been a significant increase in this area since Hurricane Luis in 1995 (where 40% of rooms got destroyed) - where are these investors seeing the growth potential? Don't get me wrong, I do applaud the improvements we see, but I would feel more comfortable if I would understand the numbers behind it.

The huge new airport, which is nearing completion now, is certainly one reason to be optimistic: to finance this facility, the number of passengers to the island has to be doubled. This pressure on the leaders of the tourism industry will create some positive fall-out for the other investors.

For you - the visitor - more competition for your Dollars is good news, because prices can't go up.
- posted by Jan @ 9:09 AM 0 comments links to this post