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CHTA warns, some Caribbean Hotels could collapse due to monies owed

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#MIAMI (May 13, 2020) – Citing the unprecedented pressures facing Caribbean hotels and resorts because of the coronavirus pandemic, the head of the Caribbean Hotel and Tourism Association (CHTA) called on those international tour operators which have delayed paying hotels for services delivered to the operators’ clients as early as January to expedite reimbursements.

Exuma Swimming Pig, The Bahamas

Frank Comito, CEO and Director General of CHTA, in a letter to major trade organizations representing the bulk of tour operators that do business with the Caribbean, asserted that 69 percent of hotels report that they have not been receiving timely reimbursements from tour operators for services provided during the first quarter of 2020. The average amount owed to hotels by tour operators is US$219,000 per hotel, “with a number of hotels reporting outstanding amounts in excess of $1 million and one hotel being out-of-pocket $15 million,” Comito reported.


Frank Comito, CEO and Director General of CHTA

Noting the global crisis was threatening the survival of many Caribbean properties, particularly the small- and mid-sized independent properties, which are a staple element of tour operators’ business, Comito wrote: “We have become alarmed in recent weeks to learn of the extent to which some of your member tour operators are withholding reimbursements to hotels for services which were rendered as early as January and into February and March.”

Acknowledging hotels had been advised to expect reimbursement to take an average of 60 additional days, and as long as 120 days, from certain tour operators who cited staff shortages, high demand, and reduced cash flow as primary reasons for delays, Comito pointed out that “these payments were made to the tour operator by consumers, often many months in advance and were to be held in trust for payment to hotels shortly after the delivery of the services.” 

Comito requested the international tour operator associations help CHTA by “reaching out to your member operators who work with the Caribbean urging them to make every effort to expedite their obligation to reimburse Caribbean hotels for services which have been rendered.”

Turks and Caicos Islands

The CHTA chief said he understood the dilemma facing all in the travel industry, but he stressed “the reimbursement of funds which were collected from the consumer far in advance and are obligated should take priority.” 
Inferring the survival of Caribbean hotels was threatened, Comito warned that the consequences of contributing to the demise of some Caribbean hotels “will also be long-term for your members and the reputation of the sector, having already impacted the ability of many Caribbean hotels to meet their own financial obligations to employees, vendors and Government for taxes owed related to past activity.”

Barbados

Stressing the interdependence of Caribbean hotels and tour operators, Comito reminded the recipients of CHTA’s letter that the association had been a longstanding resource for many tour operators working to develop their Caribbean portfolio: “Through our B2B marketing efforts, advocacy work, and reach to our 33 member destinations and hundreds of properties, we’ve helped to create an environment which has supported the growth of your members’ business into the region.”

Looking to future cooperation, Comito asked the associations to rein in some tour operators which are considering “one-sided attempts to revise future contracts as they seek new rate and payment terms, already asking for deep discounts which are difficult to provide in an extremely high-cost/low-revenue operating environment.”

The business relationships developed by tour operators with Caribbean hoteliers over many years had been key to their mutual success, and Comito voiced the hope to maintain and build upon those relationships as the world emerges from this crisis. “This will require give and take by all parties,” he stated.

St Lucia

CHTA confirms that correspondence has been transmitted to major trade associations representing tour operators in Canada, Europe, the United Kingdom and the United States.

Press Release, May 3, 2020

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Haiti inflation increase, food prices more

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Rashaed Esson

Staff Writer 

 

#Haiti, November 27, 2023 –  Haiti’s food security is being worsened by recent inflation levels, according to the Haitian Institute of Statistics and Informatics (IHSI).

 

This comes as the institute informed that “a shape acceleration in inflation was recorded on a monthly basis” referring to the measurements for October.

 

It said the General Consumer Price Index (CPI, 100 in 2017–2018) went up by 3.4 percent in October of the year, compared to 2.3 percent in October.

 

Consequently, food prices between September and October increased by 4.8 percent, more than double normal prices, says ProEco Haiti, an economic consultant, as it informed it is concerned that this risks the worsening of the food situation in the country.

 

ProEco points out that this increase in prices is in the first month of the 2023-2024 fiscal year and is due to the closure of the land border between Haiti and the Dominican Republic, not to mention the fact that Luis Abinader, President of the Dominican Republic, unilaterally announced the complete closure of the border on September 15th, 2023.

 

Now, considering this, as ProEco expressed, the increase in prices is due to the border closing, as Haiti is dependent on the Dominican Republic. However, the economy consultant urges the public and private sectors to work to diversify the country’s commercial partners, reducing its dependence on the neighboring republic while mitigating the effects on its economy of possible crises between the two countries.

 

Furthermore, despite the fact that inflation increased in October, the IHSI revealed that there is not just bad news, as there is some level of progress for the republic as the deceleration of prices at an annual rate has been seen. It said inflation in October 2023 stood at 22.8 percent, the lowest reached since October 2021. Additionally, ProEco added to this fact, saying that annual inflation was 31.8 percent in September 2023.

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The Project IDEA Media Club programme returns for Part II

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Providenciales, Turks and Caicos Islands, October 30, 2023 – After launching in June 2023, the ambitious Project IDEA Media Club by the TCI Sports Commission is back for Part II.

Students in Part I of the programme, were afforded an opportunity to create a short film and a mini-documentary using industry-grade equipment and exposing themselves to a wealth of knowledge. Class segments offered were Filmmaking, Content Creation and Photography. Project IDEA members were immersed in the world of sports media, producing short-form video content for social media, photographing live games and utilising presenting skills. The short film ‘Ripple Effect’ is scheduled to premiere at the Turks and Caicos International Film Festival in November.

Project IDEA was created for high-school and university students or professionals aged 14-21 interested in photography, design or videography. At the end of the programme, all members will have created content to add to a design portfolio, which can be used for entry to university and prospective creative job roles.

In Part II, the class segments have been restructured to offer Journalism with Content Creation and Photography. The Journalism class will be producing a contemporary Sports News programme, also capturing activities in the wider communities. Project IDEA runs in 3-month batches, with classes every other week, giving ample time for learning and execution.

Applications are now open!
Application Portal Closes: November 18, 2023
Club Duration: November 22, 2023 – January 26, 2024 (Tuesdays and Wednesdays, 4:00 pm – 6:00 pm. Breaks for Christmas)

APPLY NOW: https://forms.office.com/r/cYE1TbzSX7 (In-person applications can be submitted at the Gustarvus Lightbourne Sports Complex)

For more information contact Media & Communications Specialist Nandina Hislop nehislop@gov.tc.

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90% of strokes are avoidable with a few lifestyle changes!

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Cleveland Clinic Expert Shares Six Simple Steps to Prevent Vast Majority of Strokes

 

 According to the World Stroke Organization (WSO), stroke is the leading cause of disability worldwide. The WSO says one in four people will have a stroke in their lifetimes, and each year over 12 million people worldwide have strokes. However, it adds that 90% of strokes are preventable by addressing a small number of risk factors that are responsible for most strokes. In The Bahamas, on average 224 people (or 9.56%) die annually from strokes.

Here, Andrew Russman, DO, Medical Director of Cleveland Clinic’s Comprehensive Stroke Center and a vascular neurology specialist, offers advice on how to reduce stroke risk by better managing existing health conditions and also through implementing lifestyle changes. “These tips are interrelated as most of the lifestyle changes mentioned also play a role in improving management of hypertension, high cholesterol and diabetes, which all increase stroke risk,” Dr. Russman points out.

  1. Reduce hypertension

                        Uncontrolled hypertension – that is, blood pressure that is consistently above 130/80 – is the single most important modifiable risk factor in stroke worldwide, says Dr. Russman.

                        Aside from medication, an important step in reducing blood pressure is to reduce salt intake, which Dr. Russman says is good advice even if you don’t have high blood pressure. “We recommend consuming no more than 2g of salt per day.  I advise my patients to check food labels and nutritional websites for sodium levels as their intake is usually far higher than they realize,” he adds.

  1. Be wary of diabetes

                        It is important to be tested for diabetes, and if diagnosed, to manage the condition well, says Dr. Russman. He explains that diabetes causes narrowing of small, medium and large blood vessels in the body, including vessels of the eyes, kidney, heart and brain. Owing to this, diabetes can contribute to a variety of vascular, cardiovascular and cerebrovascular problems including stroke. In addition, for patients who have survived a stroke, the risk of having a second is three times higher in those patients whose diabetes is not controlled.

                        Dr. Russman says that as part of their treatment plan, people with diabetes should have their condition monitored through HbA1C tests, which provide a three-month snapshot of their blood sugar control. “We recommend that these individuals aim for an HbA1C result of 7.0 or less. Taking prescribed medication correctly, watching their diet, exercising regularly, and following their healthcare provider’s recommendations will help them achieve this.”

  1. Address atrial fibrillation

                        The WSO says atrial fibrillation is associated with one in four strokes, and Dr. Russman says these strokes tend to be more severe and disabling than strokes associated with other risk factors.

                        “Atrial fibrillation is a heart rhythm condition characterized by very rapid heartbeats that don’t allow the top left chamber of the heart – the left atrium – to contract normally. Instead, it fibrillates and flutters so blood is not ejected normally from the chamber,” he says.  “Anytime blood is stagnant for too long, it can form a blood clot that can travel elsewhere in the body. This clot could cause a stroke by blocking a blood vessel in the brain, depriving that part of the brain of the oxygen and nutrients it needs.”

                        Dr. Russman says atrial fibrillation is the most common acquired heart rhythm disorder in older adults, and its associated risk is strongly related to age. “The older you are, the more at risk you are of acquiring the condition, but also the higher the risk of stroke associated with the condition,” he says. “It is estimated that up to half of all patients with a heart rhythm condition are not aware of it. However, once diagnosed, atrial fibrillation can be treated with a blood-thinning medication. These do carry some risks, but the benefits far outweigh these in the vast majority of patients.”

  1. Manage cholesterol levels

                        In addition to reducing high levels of low-density lipoprotein (LDL) or ‘bad’ cholesterol                         through diet, for example, by avoiding saturated fat, individuals might be prescribed statin medications that reduce future risk of heart attacks and strokes.  Dr. Russman says these medications, particularly rosuvastatin and atorvastatin, may benefit patients beyond simply reducing cholesterol levels in that they also appear to reduce inflammation and stabilize plaque build-up in blood vessels.

  1. Stop smoking

                        “Any type of smoking is associated with increased risk of cardiovascular disease and stroke, and is strongly associated with accelerated hardening of the arteries and narrowing of blood vessels in the brain, heart and elsewhere,” says Dr. Russman. “We therefore strongly recommend everyone completely stop any form of nicotine ingestion to significantly reduce their long-term risk for a multitude of diseases.”

  1. Adopt a healthy lifestyle

                        Dr. Russman recommends following an eating plan that is low in saturated fats and sodium, and to avoid alcohol and excessive caffeine consumption. Regular physical activity is also important as it can reduce the risk of stroke directly, but also indirectly as it helps to lower high blood pressure and blood sugar levels. Exercise can also help to reduce stress, as can other activities such as meditation or deep breathing, which is important as stress causes the body to release chemicals that can increase blood pressure, affect hormones and raise blood sugar levels, says Dr. Russman.

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