Excellent report!
I did, however, find it curious that Mr. Fox apparently didn't look at the potential bias that may come in to the BTB figures, in that as I understand it the BTB includes occupancy and revenue figures from only some Belize hotels, excluding some small guesthouses and lower priced properties, and not including all BTB member properties. If this is the case, it could be a counterweight to the possible underreporting of revenue.
--Lan Sluder