The Barbados Employment and Sustainable Transformation (BEST) plan is not an attractive option for many hoteliers, as it is likely to see them sinking into greater debt.
This is according to former president of the Barbados Hotel & Tourism Association (BHTA), Gordon Seale, who said yesterday that Government made a miscalculation when it forged ahead with the plan, instead of extending unemployment benefits as well as the period for triggering severance.
He said some owners might have to cede majority shareholding of their hotel to Government by the time the COVID-19 health crisis was over.
Seale, who owns two major hotels, was guest speaker at a luncheon lecture hosted by the Barbados Yacht Club. He contended that hotel owners had very little by way of alternatives at this juncture, and it was therefore baffling to hear the narrative that hoteliers were being provisioned for at the expense of labour. (CLM)
Subscribe now to our eNATION edition for the full story.
For the latest stories and breaking news updates download the Nationnews apps for iOS and Android.
