Caribbean tourism shows fastest recovery

EditorialRoom 28th October 2021

Caribbean tourism shows fastest recovery

The Caribbean’s Travel & Tourism sector is recovering at a faster rate than any other region in the world, with its contribution to GDP expected to rise more than 47% this year, compared to just 30.7% globally, reveals new research from the World Travel & Tourism Council (WTTC) According to the London-based council which which represents the global Travel & Tourism private sector, the Caribbean is now benefiting from more relaxed restrictions around the world which is in turn boosting international travel spend and aiding the region’s swift economic recovery. While the global economy is set to receive a modest 30.7% year on year increase from Travel & Tourism in 2021, representing USD 1.4 trillion and is mainly driven by domestic spending, the Caribbean region can expect a year-on-year increase of 47.3%, representing an increase of nearly USD 12 billion, driven by both international and domestic travel spend. However, while

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