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Overview- Tourism Industry Reform

Page 1


Tourism is the dominant industry in several Caribbean economies and a significant focus of development. In recent years the profile of visitors to the Caribbean has changed and the Region is now facing increased competition.

The number of long-stay tourist arrivals in BMCs has grown slowly between 1990 and 2015

TOURISM INDUSTRY REFORM

STRATEGIES FOR ENHANCED IMPACT

Due to the falloff in the growth of stay-over arrivals, most territories have realised negative growth in visitor expenditures even though total tourist arrivals have grown.

IMPACT ON GDP

POLICY IMPERATIVES

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Overview- Tourism Industry Reform by Caribbean Development Bank - Issuu