Search Result for: tourism economics

26 results found.

Barbados Tourism Names New Chairman

There’s a new chairman of the board of directors of Barbados Tourism Marketing and the Barbados Tourism Product Authority, Caribbean Journal has learned. Roseanne Myers has been taped for the role, according to Tourism Minister Lisa Cummins. “This is a […]

Comito: Crisis Offers Big Chance to Upgrade Caribbean Tourism Product

The COVID-19 crisis presents an opportunity for the Caribbean to upgrade its tourism product, according to Frank Comito, the CEO of the Caribbean Hotel and Tourism Association. Speaking on a recent Foreign Press Association webinar, Comito explained how the Caribbean hospitality […]

Rethinking Caribbean Tourism Education

By Ryan Peterson Op-Ed Contributor It is no secret that sustainable tourism is imperative to the wealth and wellness of Caribbean island economies. From ‘green’ to ‘eco’, ‘small’ to ‘slow’, ‘responsible’ to ‘resilient’, there is no shortage of ideas nor […]

Op-Ed: Leading Sustainable Tourism in the Caribbean

By Ryan Peterson Op-Ed Contributor IT IS a truism that tourism is experiencing a tectonic transformation. In recent times, the global tourism and travel industry, and in particular, Small-Island Tourism-Economies (SITES) in the Caribbean have had to contend with a […]

What Tourism Means to the Caribbean

By Vincent Vanderpool-Wallace CJ Contributor In recent weeks, I have examined challenges facing the Caribbean tourism industry, and the solutions that are necessary to bring the sector forward — including one proposal — the creation of a “United States of […]

Tim Peck: For a Sustainable Tourism Model, Look to Antigua

Above: Carlisle Bay, Antigua By Tim Peck The Caribbean tourism industry waits with bated breath for the announcement of the OECS Common Tourism Policy on October 1. As the first policy of its kind for our region, a tourism blueprint […]

Caribbean Hotels Open 2020 With Declines

Caribbean hotels opened 2020 with the region’s lowest January occupancy level since 2011, according to data from STR. For the month, occupancy was down 3.7% year over year to 66.5%. Average daily rate (ADR) also fell 1.5% to US$253.09, […]

Caribbean Hotel Industry Just Set New Records: Report

The Caribbean hotel industry reached its highest levels ever in average daily rate (ADR) and revenue per available room (RevPAR), according to 2019 data from STR. For the year, the region posted a year-over-year ADR increase of 5.6 percent […]

Study: Caribbean Will See 7.4 Million Travelers in Next Ten Years

Anguilla The Caribbean could see as many as 7.4 million visitors in the next ten years, according to a joint study by Ypartnership and the U.S. Travel Association. “There is no way the current capacity can handle that, so it’s […]

Webinar: Guyana, the Next Caribbean Investment Frontier

Guyana’s oil and gas discoveries have transformed the country’s economic landscape, bringing forth a wave of opportunities and challenges. The newest CJI Webinar will take a deep dive into Guyana, the headquarters of CARICOM and the Caribbean’s newest investment frontier. […]

Improving the Caribbean Air Transport System

New perspectives on improving Caribbean air travel By Ralph J. Blanchard Op-Ed Contributor Depending on how one choses to define the region, the groupings of islands represented under the “Caribbean” designation can range in population anywhere from over 40 million inhabitants […]

Transforming Caribbean Futures

Innovation and the Caribbean future By Ryan Peterson CJ Contributor With the search and surge of silicon beaches and start-ups across small island states of the Caribbean, the imperative for innovation is prominently featured in regional and national visions for […]

The Caribbean’s Catch-22

By Ryan Peterson CJ Contributor So, what is the catch of the day? A quick perusal of Caribbean agendas will provide a litany of the perennial weaknesses and opportunities for development, ranging from tourism to technology, green to gender equality, […]

The Case for an Eastern Caribbean Ferry

By S Brian Samuel Op-Ed Contributor There’s no cheap travel within the Caribbean. Unlike Greece and other island archipelagos, virtually all travel within the Caribbean is by air. And as we all know, travelling by air within the Caribbean is, […]

The Caribbean Riptide

By Ryan Peterson CJ Contributor Finance and governance. Economy and energy. Tell me it ain’t about the money. Tourism and environmentalism. Productivity and community. Tell me it ain’t about technology. Education and innovation. Nation and next generation. Tell me it […]

The Caribbean’s Innovation Generation

By Ryan Peterson CJ Contributor The Caribbean, although often depicted as idyllic relaxation under a palm-tree next to the sea, is in fact an emerging region of youth initiatives, events, and young professional organizations that are working towards empowering and […]

Why Caribbean Sustainability is Smart

By Ryan Peterson CJ Contributor When 80 percent of your Caribbean tourism product is nature-based, and 80 percent of your market increasingly demands eco-based services and experiences, it doesn’t take science to figure out that sustaining a high-quality ecology is […]

Cayman Islands Names Minimum Wage Advisory Committee

Above: the Cayman Islands (Caribbean Journal photo) By the Caribbean Journal staff The Cayman Islands has announced the membership of its Minimum Wage Advisory Committee. In a statement, the government said the committee had begun its work to present recommendations […]

Green Caribbean: It’s Not Sustainability — It’s Common Sense

By Denaye Hinds CJ Contributor OVER THE YEARS, we have heard words and phrases like eco-friendly, green, eco-conscious, eco-lodge, go-green, greening our bottom line, conserving, preserving, sustaining. All of these relate to the act of considering the environment, being more […]

Paul Hay: CARICOM and Caribbean Economic Development

By Paul Hay CJ Contributor In 1963, the Centre for Developing-Area Studies (CDAS) was established at the McGill University in Canada. William G. Demas – then Head of the Economic Planning Division of the Government of Trinidad and Tobago, served […]

Interview with Haiti PM Laurent Lamothe

Above: Haiti Prime Minister Laurent Lamothe (UN Photo/ J Carrier) By Alexander Britell Haiti is trying to move the process of reconstruction into a higher gear. While the country’s GDP has been growing at a strong pace, natural disasters […]

IMF: “Slow Recovery May Be Underway” in St Vincent and the Grenadines

Above: Bequia (Photo: Discover St Vincent) By the Caribbean Journal staff Economic indicators suggest that a “slow recovery may be underway” in St Vincent and the Grenadines, according to the International Monetary Fund, which recently concluded a visit to the […]

Interview with Turks and Caicos Chief Executive Officer Patrick Boyle

By Alexander Britell Turks and Caicos’ government has been moving forward on a plan to restore the territory to stability, most recently announcing the appointment of five new permanent secretaries who will develop five new government ministries: Border Control and […]

Turks and Caicos Names New Ministries

Above: the Turks and Caicos House of Assembly (Photo: GIS) By the Caribbean Journal staff The Turks and Caicos government has named five new ministries that will be developed in the territory, following the announcement of five new permanent secretaries […]

Interview with Jamaican Parliamentary Candidate Julian Jay Robinson

By Alexander Britell Julian Jay Robinson is the People’s National Party candidate for South East St Andrew in the upcoming Jamaican election. Robinson, currently the deputy general secretary of the PNP, studied management and economics at the University of the […]

S&P Explains Bahamas Downgrade

Above: downtown Nassau (Photo: CJ) By Alexander Britell On Monday, ratings firm Standard & Poor’s announced it had lowered the Bahamas’ sovereign credit rating from BBB+/A-2 to BBB/A-3, citing a heavier weight its new sovereign credit rating criteria places on […]

Montego Bay Is Getting a New Riu All-Inclusive Next Month