boatonbeach2This is the question on the lips of many now that Barbados is finding itself in the grips of an unprecedented economic downturn.  There is certainly a heightened understanding among the populace that if we as a country are to emerge from this recession, the best opportunity for a quick emergence from this slump will largely hinge on our tourism performance throughout 2010.

Having just returned from the annual World Travel Market (WTM) exhibition in the U.K. I feel somewhat more encouraged generally about our opportunities for next year, but there are still real challenges in our U.K. market, our single most important market, which must be addressed by all tourism planners as a matter of urgency.

Time now does not permit me to give a full disclosure, however, I do promise that I will write more on this within the coming days.

In the meantime, you are welcome to add any comments/questions.

Be lucky!

Wayne D. Capaldi

About the Author

Wayne Capaldi
Wayne Capaldi - Managing Director, Sandpiper & Coral Reef Club

Wayne is a 25-year veteran in the hotel and tourism industry.Commonwealth Holiday Inns of Canada, based in Toronto, was where Wayne made his formal entry into hotels in 1983 and just after a year was asked to transfer to Barbados in a management capacity with the then Holiday Inn in Barbados.In 1985 Wayne was offered a position with The Sandpiper Hotel where he continues to this day in his official capacity as the Managing Director. Wayne is also a Director of the Coral Reef Club which together with his wife and extended family own and operate these two hotels which are members of the Small Luxury Hotels of the World.As for his professional career, Wayne was President of the Barbados Hotel & Tourism Association for two terms first in 2002 to 2004 and for a second time in 2008 to 2010. He has sat on the board of Directors of the Barbados Tourism Authority (BTA) as well as Grantley Adams International Airport (GAIA) during a time of major expansion of the airport facilities and privatization of the operations.For the past few years Wayne has been busy managing his businesses which included, along with the family, the acquisition of a third hotel which is to be completely redeveloped into a luxury, private 12 villa property in Holetown. In addition, Wayne was recently invited to run for the Chairmanship of the Luxury group of hotels for the BHTA and will, from June 2014, serve in that position after successfully winning the vote.Wayne is married with three children.