News Americas, PHILLIPSBURGH, St. Maarten, Sat. Sept. 17, 2011: Complacency, fear and a lack of hunger is keeping the Caribbean from growing as fast as it can.
That’s the word from Professor Avinash Persaud, who addressed delegates at the Caribbean Tourism Organization’s inaugural State of the Industry Conference in St. Maarten Friday. The Barbados-based Persaud, a noted financier, forecast that the Caribbean tourism industry is at risk of going the route of the sugar industry because of fear in complacency and because governments have failed to truly exploit the Caribbean brand.
“We sit in the middle of two of the largest markets being North and South America which is larger than Asia. What fails us is complacency and hunger,” said Prof. Persaud. “The region needs to come together and replace fear with desire to exploit opportunities and employee capital.”