“This as an opportunity to rethink tourism and rethink the economies that are based on tourism,” urges Graham Watkins, Chief of the IDB’s Climate Change and Sustainability Division, during the third instalment of the Tourism in the Caribbean: Stories from the field during COVID-19 podcast. Despite its devastating impact on the lives and livelihoods of millions of people in … [Read more...] about 5 ideas to create a sustainable tourism sector from Barbados to the Galápagos
At a time when news headlines related to the COVID-19 pandemic have been dire, Barbados captured imaginations around the world with the announcement of its 12-month Welcome Stamp program. The initiative invites foreign nationals who meet certain criteria to make the Caribbean island their base for remote work. This as residents of some of the island’s major tourism source … [Read more...] about Stories from the Field: Reopening and repositioning Caribbean tourism
The Inter-American Development Bank’s (IDB) Caribbean Department has published its most recent Caribbean Quarterly Bulletin focused on the evolving economic and human consequences of the COVID-19 outbreak for the region. This edition builds on work outlined in the previous edition, while taking a deeper look at: (i) the evolution of the virus, preventative measures, … [Read more...] about The Pandemic Saga Continues: Caribbean Quarterly Bulletin
The Caribbean region is one of the most exposed to the pandemic economic shock, due to its dependence on tourism and travel. Nevertheless, Caribbean countries have been largely successful in containing COVID-19 transmissions. After months of restricted movement between countries and within national borders, during this second half of 2020 countries are re-opening and … [Read more...] about How can we use innovation to transform post-pandemic tourism?
COVID-19 has generated a previously unimaginable shock to economic activity in some sectors for counties across the world—an ‘extreme outlier’ event in statistical terms. For many countries, shocks of this magnitude have not been experienced except during periods of armed conflict or extreme natural disasters. A recent publication from Inter-American Development Bank (IDB) … [Read more...] about Extreme Outlier: The Pandemic’s Unprecedented Shock to Tourism in Latin America and the Caribbean