01 December 2008

Shhhh Don't Tell Anyone But There Is a Recession!

OK so now the truth is out - we have been in a recession since December 2007.

Most Airline, Travel and Tourism people have known this of course since Jan 1. The denial and partying like it was 2000 was - well just like the calm before the storm. At a Caribbean Mart in January - the supplier's bravely told us all how rates would stay high. Oh how the change has come to us all.

So when will it end?

I am predicting an upturn or rather the bottom out to occur around Q3 of next year. Let's hope I am wrong.

Cheers

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