The government’s attempt to overhaul Puerto Rico’s tax code into an easy-to-monitor regime “adds yet another layer of complexity” to the island’s already complicated situation.
Puerto Rico’s “paradores” experienced an average 38 percent increase in their occupancy rates during the 2018 summer season in comparison to last year, members of the Puerto Rico Small Inn Owners and Tourism Association confirmed.
Puerto Rico’s Economic Activity Index showed a decrease of 0.8 percent year-over-year in June, but a 1 percent increase when compared to May 2018, Economic Development Bank for Puerto Rico confirmed.