Business

Caribbean outperforms the world in tourism during 2021

In November the Caribbean was by far outperforming all other regions globally in terms of international arrivals, Forward Keys Vice President of Insights Olivier Ponti said yesterday.

He said data showed that the Caribbean was only 16 percent behind its 2019 levels, which is a much better performance than the world average of -59 percent.

“To put these figures in perspective, the Americas were -37 percent, driven by the good performances by Mexico and some Central American destinations; Africa and the Middle East were at -44 percent and Europe was at -48 percent. And international travel to the Asia Pacific, which has been mostly closed for business, was mostly flat. This shows that the Caribbean has performed very well and this has been the case for many months now,” Ponti told the Caribbean Hotel and Tourism Association (CHTA) during its Winter Outlook, held virtually yesterday.

“Our top performers in the region for the month of November, we can see that no less than half of our top ten produced better results than in 2019. The US Virgin Islands, the Dominican Republic and Turks and Caicos lead the way and show excellent results. But even in the second half of the top ten, most destinations are also very close to full recovery. Puerto Rico, St. Maarten, The Bahamas and Jamaica are almost back to pre-COVID levels. This shows that recovery is not due to isolated success stories, but that it is a strong regional trend.”

Data showed that international arrivals to The Bahamas in November was just four percent lower than 2019.

CHTA President Nicola Madden-Greig highlighted the region’s performance beyond projections at the start of the pandemic, noting that the region is in a strong position.

“The initial projections by the World Travel and Tourism Council (WTTC) toward the start of the pandemic had the Caribbean as one of the most vulnerable regions, with a projected loss of 42 billion in GDP and 1.9 million jobs. Tourism in the Caribbean is recovering faster than any other part of the world,” she said.

“As recently purported by both the WTTC and the United Nations World Tourism Organization, Caribbean tourism’s contribution to GDP is expected to rise more than 47 percent this year. in contrast the global economy is set to receive a 30.7 percent year on year increase from travel in tourism in 2021.”

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Paige McCartney

Paige joined The Nassau Guardian in 2010 as a television news reporter and anchor. She has covered countless political and social events that have impacted the lives of Bahamians and changed the trajectory of The Bahamas. Paige started working as a business reporter in August 2016. Education: Palm Beach Atlantic University in 2006 with a BA in Radio and Television News

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