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Caribbean-On-Line » Caribbean Travel News » Hotels » Caribbean hotels slash rates, but travel firms get the benefit

Caribbean hotels slash rates, but travel firms get the benefit

This is a pretty amazing article from the Times UK - some Caribbean destinations are really struggling, and the region is more dependent on tourism than any in the world - yet the savings being passed on to tour operators are mostly being held in limbo by them as they play a waiting game as to whether to pass the savings on to consumers:

The price of hotel rooms in the Caribbean is in freefall, with hoteliers slashing upwards of 20% from the cost of a stay in a desperate bid to attract visitors. Bookings for breaks in the region have plummeted by as much as two-thirds against last year.

The hefty discounts should be great news for cash-strapped, sun-starved British families, but there's a problem: the hotels have negotiated the deals with tour operators, some of whom are still considering whether to pass on the saving to consumers.

At a private briefing to bankers, the holiday giant TUI, which owns Britain's biggest tour operators, Thomson and First Choice, said it felt no obligation to pass the savings on.

This is completely bogus, and these tour ops should be ashamed on themselves.

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