Since releasing our last survey several Caribbean destinations have begun to show signs of stabilization with increased visitors and occupancies. However, the hotel industry continues to operate in difficult times with challenges of lower daily rates, falling visitor spend and higher operating costs leading to reduced profitability in 2010. Nevertheless, most Survey participants do expect to see significant improvement in market conditions over the next 12 to 24 months and several are investing in order to capture some of this anticipated growth. What is clear, however, is that there are no "quick fix" solutions for the region and improvements will take time and a lot of hard work and will, in many ways, depend on global economic conditions and developments.