Despite recent improvements, the Caribbean region is still grappling with headwinds affecting social dynamics, fiscal outcomes, and economic growth. Global commodity prices—particularly for food and energy—remain volatile and above pre-pandemic levels, straining household budgets. While true that tourism dependent economies have seen this crucial sector recover, and commodity … [Read more...] about Despite persistent headwinds, the Caribbean sees a robust post-pandemic recovery
With the onset of the pandemic, the world stopped. A previously unknown threat made us drastically change our way of living. This is the first entry in a series of blogposts about the structural changes that the pandemic brought to the tourism sector in the Caribbean. Countries where the sector represented 30%, 40%, 50%, or even more of their GDP saw their tourist activity … [Read more...] about Has the region’s tourism sector already overcome the pandemic’s impact?
Countries around the world have endured over a year of extreme uncertainty in the context of the COVID-19 crisis, and economies in the Caribbean have suffered more than most. But with the increasing availability of vaccines and prospects for a resumption of international travel, light is emerging at the end of the Pandemic tunnel. With this in mind, The Inter-American … [Read more...] about Imagining a Post-COVID Tourism Recovery
Tourism has been one of the sectors most affected by the COVID-19 pandemic. This once-in-a-century event has generated the worst demand shock in tourism’s recorded history. One year into the pandemic, demand for hotel rooms and cruise trips are yet to recover. In tourism-dependent countries like Barbados, companies are struggling to survive. The … [Read more...] about What’s next for Barbados’ tourism industry?
“I am not closing anything. This is the start. This is the beginning. This is the point from which we move.” These were the words of Caribbean Climate-Smart Accelerator CEO Racquel Moses as she closed the curtain on the first Pivot Event. The two week-long event ended in October with the presentation of nine moonshots for the Caribbean by 2040. The Pivot Event brought … [Read more...] about When the End is just the Beginning: getting the Caribbean to think big