Elbow Beach Hotel

British insurance salesman Andrew Morris, 29, of Manchester, England, has been sentenced to serve four months in prison in Bermuda after pleading guilty to credit fraud. He will be deported once his sentence ends.

Bermuda's eight largest hotels collectively lost $46.96 million in 1988-93 at an average loss of $978,000 each per year. The losses are blamed on high salaries, rather than lower occupancy rates. David Marchant takes a look at the industry and asks how much longer hotels can afford to keep losing such large amounts of money.