DUBLIN, (Reuters) – British group Cable & Wireless Communications said while there had been no major improvement in its key Caribbean market, it still expected to end its year broadly in line with forecasts.
CWC, which also trades in Panama, Macau and Monaco, said yesterday while tourist numbers were beginning to recover in the Caribbean, many were on cheaper packages and did not spend freely. Operations were also disrupted by hurricanes, it said.
“We are bumping along the bottom,” chief executive Tony Rice told reporters.
“Spend per tourist is down and the impact on disposable income in the Caribbean is probably worse than pretty much