The shortage of US currency has forced local companies to seek alternative sources to pay their international bills. It has already cost one company $6 million, a cost it says it cannot pass on to its customers.
Also, most hotels, especially those in the Port-of-Spain areas are completely booked for Carnival.
But according to the Trinidad Hotels, Restaurants and Tourism Association, an increasing number of visitors are opting for private accommodations through services like Airbnb.
Judy Kanhai has more in Business Watch.