In warm weather destinations, like the Caribbean, Mexico and Florida, advance bookings were very strong and hotels, particularly at the high end, are tight on space. Many popular destinations are sold out for weeks at a time. From an operator standpoint, this is going to be a strong winter. From a consumer's perspective, if you don't have reservations already, you need to get working on that.
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Until now, the country has focused on value-oriented travelers, ... It is trying very hard with projects such as this to rid itself of that reputation.Scott Berman
I'm quite sure they were losing money and they entered into this scheme in a desperate attempt to recoup their losses.
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The good news is that the Dominican Republic is, from purely a cost perspective, easier to develop and traverse than the French Alps.
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Fewer new rooms to absorb is good news for the hotel industry. We are still in a relatively strong economy and demand is there.
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Every so often there's some money left and there's a fight over the carcass. But it's a cost-benefit analysis. How much money do you want to spend chasing it if there's not that much left.
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There's a time-share purchase opportunity for virtually any size wallet.
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