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Cayman Villas owner: ‘There is no light at the end of the tunnel’

Cayman Villas, the 50-year-old pioneer of the vacation property rental industry in the Cayman Islands, has become the latest business to suffer the impacts of the coronavirus crisis.

Tourism accommodations pay out millions in refunds

Cayman’s accommodation sector seemed to be on track for another profitable year at the start of 2020, but this came to a screeching halt with the advent of the COVID-19 pandemic. In the last three months, those within the industry say they have refunded millions of dollars in rental bookings.

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