THE CHAIRMAN of the Barbados Hotel and Tourism Association (BHTA) has denied charges that some members are hoarding foreign exchange in the face of dwindling reserves.
Roseanne Myers said now was not the time for finger-pointing.
“I hear sometimes some very worrying comments about the tourism sector hoarding money. We have to just recognise that when people get a little bit afraid they start to point fingers and try to find silver bullet solutions,” she said.
“Nobody’s hoarding money. We just came through the very dark and deep recession of 2008, we paid every salary we had to pay, we had our expenses to pay in the sector, we’ve now come in to a situation where you have seen better numbers but your revenues are now starting to come under pressure, we’ve seen that there’s a shift in terms of the business.” (WILLCOMM)
Please read the full story in today’s Weekend Nation, or in the eNATION edition.