The Caymans struggle with whether to slash prices or not:
For 2009 so far (January and February) Cayman's air arrivals are down 11.3 per cent.
Acting Director of Tourism Shomari Scott notes that research shows that the global economic recession is having an impact on international travel. Consumer confidence has fallen, booking windows have shrunk and even the most affluent consumer is looking for a deal.
Full article on the Cay Compass.
