caribbean tourism industry

CTO upbeat about 2023 Caribbean tourism outlook

caribbean tourism industry

17th March 2023

The Caribbean Tourism Organisation (CTO) is voicing optimism on the region’s tourism prospects for the remainder of 2023.

Speaking in Barbados during the organisation’s launch of the 2022 “Tourism Performance and Outlook Report,” Acting Secretary General of the CTO, Neil Walters declared that the Caribbean had one of the quickest recovery rates globally.

Some 28.3mn tourists visited the region in 2022, representing 88.6% of pre-pandemic 2019 visitor arrivals. This performance was buoyed by a 28.1% increase in US tourists, reaching 14.6mn compared to the 11.4mn from that market in 2021.

The CTO noted that while travel restrictions imposed by Canada in early 2022 saw a slower 60% recovery, and major declines in intra-regional connectivity impacted the numbers, “arrivals from the European market increased by 81% in 2022 when compared to 2021”. The 5.2mn tourists from this market were almost double the 2.8mn in 2021 accounting for 18.3% of all arrivals in 2022.

The organisation attributed the improvement to shorter travel restrictions, pent-up demand, and surplus savings accrued during the pandemic, as well as “strategic marketing initiatives and the restoration of some of the airlift capacity between more markets and the Caribbean”.

“Nearly 90% of the region’s travel demand for 2019 has already been recovered,” said Walters, adding that destinations such as Curaçao, the Dominican Republic, Puerto Rico, Sint Maarten, Turks and Caicos, and the US Virgin Islands had already surpassed their pre-pandemic performance. All 27 Caribbean destinations showed an increase in annual stayover arrivals of between 8.3% and 16%.

Revenue in the sector was also up in 2022. Global data company STR reported that the average daily rate at hotels increased by 21.7% to US$290.60 in 2022 on the strength of an uptick in revenue per available room by 66.4% to US$176.46.  The number of available rooms also increased by 4.4% while room income jumped by 73.6%.

All told, data estimates that visitors to the Caribbean region spent between US$36.5bn and $37.5bn in 2022, a significant increase of 70% to 75% when compared to 2021. “As a region, we have responded with hope, strength and the determination to prevail,” said CTO Council of Ministers and Commissioners Chairman and Cayman Islands’ Minister of Tourism and Transport, Kenneth Bryan.

“So, although we have not yet surpassed 2019’s numbers across the board in every jurisdiction, the needle is certainly moving in the right direction,” said Bryan as he voiced optimism about 2023.

The CTO expects that this year, the region will record a 10% to 15% bump in arrivals over its record performance in 2019, when the region welcomed 32mn land-based visitors. “This means that between 31.2 and 32.6 million tourists can be expected to visit the region this year,” said Acting Secretary General Walters.

Prospects for cruise tourism are also on the mend. “All berths in the region have reopened and are expanding. As more ships are deployed to the region, the capacity for cruises will rise and demand will stay high,” predicted Walters. He revealed that estimates put cruise tourists visiting the Caribbean in 2023 at between 32mn and 33mn, an overall increase of 5% to 10% over the pre-COVID-19 baseline.

To ensure continued recovery, the CTO said that it is focused on growing its membership, including countries, territories as well as allied partners.

“It is also my intention to strengthen the relationships with other organizations, such as the United Nations World Travel Organization, the World Travel and Tourism Council, and even the Central American Tourism Promotion Agency (CATA), to foster greater collaboration,” said Chairman Bryan, announcing the return of CTO’s Caribbean Week in New York from 5 to 8 June this year.

Bryan confirmed that consideration is being given to the restructuring of the organisation and reforming its strategic vision and direction for the next five years, which includes the appointment of a new Secretary General and addressing the vexing issue of regional air connectivity.

“It would be illogical for me to promise a solution to this issue during my tenure as chairman. But what I can and will commit to is getting the players around the table to forensically examine what we need to do as a unified region to improve this scenario and start the ball rolling towards the solution,” promised the CTO Chairman.

This is a lead article from Caribbean Insight, The Caribbean Council’s flagship fortnightly publication. From The Bahamas to French Guiana, each edition consists of country-by-country analysis of the leading news stories of consequence, distilling business and political developments across the Caribbean into a single must-read publication. Please follow the links on the right-hand side of this page to subscribe, or access a free trial .

Proud Supporters of

caribbean tourism industry

Follow Us on Social Media

TRMI-banner_728x90px-01.jpg

CTO releases Caribbean Tourism Performance and Outlook for 2023

Caribbean tourism in 2022 was characterized by strong recovery reported the Caribbean Tourism Organization at its annual Tourism and Outlook presentation on March 7.

Acting CTO Secretary General Neil Walters reported that the Caribbean tourism industry was resilient and built on the rebound that began in the middle of 2021. By the end of 2022, the Caribbean registered 28.3 million tourist visits, about 52.4% more than there were in 2021, and more than 88% of the visitors who arrived in 2019, the baseline year for typical tourism activity before the pandemic.

caribbean tourism industry

Destinations

Except for Haiti (-20.3%), which was negatively impacted by the well-documented crisis, and the US Virgin Islands (-3.2%), where arrival levels are normalizing, all 27 destinations showed an increase in stayover visitors compared to 2021 of between 8.3% and 16-fold. In addition, 14 destinations saw an increase in arrivals in one or more months in 2022 when compared to the same time in 2019.

The US Virgin Islands, St. Maarten, the Turks and Caicos Islands, Puerto Rico, the Dominican Republic, and Curaçao surpassed their total pre-pandemic arrival numbers. A third of the remaining destinations have recovered at least 80.0% of their pre-pandemic arrivals, reports the CTO. 

All regions of the Caribbean saw an increase in international visitor arrivals over 2021, and the Dutch Caribbean and the US Territories surpassed their 2019 levels.

Source Markets

The United States spurred the Caribbean recovery, with an estimated 28.1% increase in visitors coming from the US market in 2022 compared to 2021. At the end of the year, 14.6 million American tourists visited the region, 3.2 million more than the 11.4 million in 2021. This market accounted for 51.5% of all arrivals to the region in 2022, and reflects 93.3% of 2019 visitation — the highest level of recovery of all of the main markets for the Caribbean.

The Canadian market, which had been under stringent travel restrictions that were not lifted until October 2022, has shown the lowest level of recovery.  When the restrictions were raised, Canadian travel rebounded rapidly, and arrivals increased significantly after two consecutive years in decline. Tourist visits in 2022 were 2.1 million but this only accounted for 60.0% of the pre-pandemic amount.

European travel delivered robust resurgence thanks to reduced and shorter travel restrictions, pent-up demand, and surplus savings accrued during the pandemic, said the CTO.

The 5.2 million tourist arrivals from the European market increased by 81.0% in 2022 compared to 2021, and were almost double the 2.8 million that came in 2021. This represented 18.3% of all arrivals in 2022, a gain of almost 3.0 percentage points. The arrivals in 2022 were 87.7% of this market’s total in 2019.

Intra-regional Caribbean travel for leisure and business increased when compared to 2021 but lagged 2019 figures. Connectivity between countries was hampered by insufficient airlift and the annual arrivals only recovered between 30.0% and 50.0% of the 2019 levels. Total arrivals in the reporting countries were 0.9 million, up from the 0.4 million in 2021 but down from 1.1 million of 2019.

With the lifting of travel restrictions, the total number of cruise visitors in the region reached 19.2 million in 2022 – five times more than those in 2021. However, this only represents 63.3% of the record number of cruise visits (30.4 million) set in 2019.

The Northern Caribbean emerged as the most visited region in 2022, with an estimated 6.5 million cruise visits (six times more than in 2021) and 91.9% of the pre-pandemic arrivals. These destinations benefited from their proximity to the main homeports for the cruise lines. Cruise visits to other regions were either four or five times more than in 2021. However, while the Eastern and Western Caribbean recovered 55.0% of their 2019 figures, the Southern Caribbean recovered to 51.3%.

2023 Outlook

The outlook for travel to the Caribbean is promising despite global pressures.

International travel from other markets will contribute to the region’s already substantial benefits from the United States. Nearly 90% of the region’s travel demand for 2019 has already been recovered, and some destinations have even surpassed their pre-pandemic levels.

The CTO expects overall arrivals to the region will increase by between 10.0% and 15.0% compared to 2022, representing between 31.2 and 32.6 million tourists, which would surpass pre-pandemic arrivals. 

The cruise industry also anticipates more recovery and expansion, with between 32.0 million and 33.0 million cruise visits, a 5.0% to 10.0% increase over the pre-covid baseline figure.

*The CTO report the countries and destinations in the conventional geographical region as well as Belize, Guyana, Suriname and the Mexican Caribbean (Cancun and Cozumel).

Download our latest issues

  • TMI Newsletters
  • TMI Magazines

TMI Magazine

caribbean tourism industry

Search the TMI archives

TRB-23_160x600px-01.jpg

Caribbean Tourism Industry Remains Hopeful of Gradual Rebound

BRIDGETOWN, Barbados (13 Jan., 2022) – The Caribbean Tourism Organization (CTO) remains positive about the continued rebound of the tourism industry even in the face of the uncertainty caused by the ongoing pandemic.

Over the past eighteen months, Caribbean destinations, without exception, have shown their resilience in creating strategies for recovery, incorporating frequently updated travel protocols, and collaborations with regional and international partners in the areas of health and economic support and development. Recovery in each instance, has taken place while ensuring the health and safety of residents and visitors alike.

The year 2021 has given us an indication that there is light at the end of what has been a long tunnel which began in March 2020. By mid-2021, we saw a turnaround in tourism activity, with the Caribbean exceeding the global average for stayover arrival growth and tourism’s contribution to gross domestic product (GDP).  During the third quarter of 2021, there were 5.4 million tourist arrivals to the region, almost three times the arrivals for the same period in 2020, but still 23.3 per cent below 2019 levels. Preliminary reports suggest that this progress continued through to the end of the last quarter. Consequently, it is estimated that tourist arrivals for 2021 will exceed 2020 levels by 60 to 70 per cent.

As we begin 2022, once again grappling with the effects of a new variant which is also affecting international travel adversely, we are heartened by the recovery experiences and the lessons learnt in 2021.

These experiences and lessons have taught us that travel and hospitality can co-exist with the pandemic affecting both our destinations and markets. While the results to date have not indicated a return to 2019 levels, the exceptional results recorded in the summer to year-end period of 2021 show that a scaled or gradual rebound is likely and very possible by the end of 2022.

Recovery strategies, continuously being adapted to existing circumstances, based on continued partnerships and collaboration, advocating for safe and healthy visitor experiences and prioritising the health of residents, have proven to be the formula for recovery of the sector.

The year 2022 is being observed as the year of wellness in the Caribbean, with a focus on renewal. Given the Caribbean’s unique diversity, destination by destination, visitors to our shores will discover endless options to be rejuvenated in the region. Similarly, we encourage Caribbean nationals to explore and rediscover the diversity within their own destinations and those around them.

Even as we work on our short-term strategies for recovery of the sector, we urge longer term approaches to promote sectoral sustainability. Building on our 2021 World Tourism Day message, we encourage moving towards social inclusion and creating smart destinations based on smart businesses as key planks which will lead to sustainability. Our human resources, which are our key assets, are critical to the success of the sector. During 2022, the CTO hopes to build on a regional study of human resources to maintain the excellence of our hospitality.

Clearly there is a demand for the region’s tourism product, as shown by our ability to outpace the global growth average for arrivals. It is our responsibility to ensure that we continue to position the region to meet this demand in new and refreshed ways.

Let us continue to rebuild together.

Posted in: 2022 News , Blog

Let's Build Tourism Leaders

Donate to the CTO Scholarship Foundation.

Privacy Overview

The extreme uncertainty surrounding the tourism recovery in the Caribbean highlights the importance of boosting innovation and supporting transformations that align tourism destinations and products with post-pandemic global demand trends, according to a report of the Inter-American Development Bank.

Most global tourism reports predict a 2-to-4-year period for a full recovery to 2019 levels. However, the Caribbean could either lead or lag the global recovery, depending upon the specific circumstances in the main Caribbean source countries and in Caribbean destinations themselves.

Imagining a Post-COVID Tourism Recovery: Regional Overview analyzes key drivers of tourism demand in the short term, including the evolution of the pandemic and the COVID-19 vaccination roll-out, the economic environment of source countries, the split between business versus leisure tourism, and airline capacity, among others.

“Over the longer term, Caribbean countries must spur innovation and reinvigorate their tourism offerings,” said Olga Gómez, Tourism Lead Specialist at the IDB. “It is no longer enough to depend on the lure of splendid beaches. Tourism destinations need to invest in improving their competitiveness, aligning their tourism products to the broader local and global economic trends, and exploring new and traditional emerging market segments such as global nomadism or nature-based tourism.”

Even for the less-tourism-intensive economies of Guyana and Suriname, where the tourism sector economic contribution is relatively small compared to the regional and worldwide averages, there is room for improving the sector’s contribution to growth and employment in the coming years.

The report is part of the Quarterly Bulletin series produced by the economic and tourism sector team from the IDB’s Caribbean Department. While it analyses economic challenges facing member countries – The Bahamas, Barbados, Guyana, Jamaica, Suriname, and Trinidad and Tobago – many of its conclusions are relevant to the broader Caribbean region. The study contains more detailed economic overviews of the six IDB member countries.

The study presents global travel sentiment analyses and post pandemic tourism demand trends. Given travelers’ revealed preferences and the fact that most current tourism activity relies on the region’s attractive natural assets, environmental sustainability and climate change adaptation will be more critical than ever. These issues must therefore be prioritized in the public and private sector policy and investment agendas, the study says.

The report also updated the IDB’s Tourism Dependency Index, which calculates the relative dependence of over 160 countries globally on tourism for economic output, employment, and exports. Of the world’s fifteen most tourism dependent economies, eight are in the Caribbean, led by Aruba (ranked first in the world, with a score of 80 out of a possible 100 on the index), with The Bahamas, Barbados, and Jamaica joining the list of most tourist-dependent economies.

Based on a database developed from various national sources, a breakdown is also now available for tourism arrivals to the three most tourism-dependent economies. Overall, 2020 represented a contraction of international arrivals of 76 percent for The Bahamas, 67 percent for Barbados and 69 percent for Jamaica. This is in line with the estimate by the UN World Tourism Organization of a 67 percent contraction for the broader Caribbean region.

“On the positive side, firms have been adjusting business processes, and governments have been advancing in digitalization in response to the pandemic,” the report notes. “This form of innovation could lead to productivity increases that are sustained into the post-pandemic period.”

About the IDB

The  Inter-American Development Bank  is a leading source of long-term financing for economic, social and institutional projects in Latin America and the Caribbean. Besides loans, grants and guarantees, the IDB conducts cutting-edge research to offer innovative and sustainable solutions to our region’s most pressing challenges. Founded in 1959 to help accelerate progress in its developing member countries, the IDB continues to work every day to improve lives.

Bachelet,Pablo A.

Golda lee bruce.

caribbean tourism industry

Caribbean comeback: The region's post-pandemic tourism rebound leads the world

A beach in the Caribbean island nation of Barbados

Few regions saw their tourism industries suffer more during the COVID-19 pandemic than the Caribbean did. But the region is now rebounding more strongly than any other — and for some surprising reasons.

The Caribbean lost a full tenth of its collective GDP in 2020 — the worst year of the pandemic — and the big reason was that tourism, which accounts for a full 14 percent of that GDP, dropped by two-thirds.

But travel data firms like ForwardKeys now show Caribbean tourism enjoying the world’s best post-pandemic recovery. In the first two months of this year, the Caribbean’s international arrivals numbers were down only 1% compared to the same period in 2019.

By contrast, Europe’s numbers were still 25% behind — and Asia’s were 54% short.

Leading the way was the U.S. Virgin Islands, which saw a 22% arrivals increase, although the U.S. territory's pandemic recovery benefitted from U.S.-supplied vaccines and economic relief.

“These are impressive results for our region,” said Nicola Madden-Greig, president of the Caribbean Hotel and Tourism Association.

One key reason appears to be a jump in post-pandemic travel to the Caribbean from South America — a region that usually sends its tourists to Miami. That shift is due largely to the fact that Panama is now a more active airport connection hub for South Americans to Caribbean destinations.

“ForwardKeys has uncovered the growth of Panama City as a gateway to the Caribbean for trips from South America. Miami is, on the contrary, losing its market share” for connections to the region from South America, said ForwardKeys vice president Olivier Ponti.

caribbean tourism industry

caribbean tourism industry

CHTA Conference to Spotlight Post-Pandemic Caribbean Tourism Surge

T he Caribbean Hotel and Tourism Association (CHTA)’s annual Marketplace conference on May 20 to 23 will spotlight a multi-year triumph for regional tourism since 2019, as Caribbean visitor arrivals during the period have outpaced virtually every other global destination.

“Our collective efforts to market the region through events such as Caribbean Travel Marketplace [and] tourism boards, hotel associations and individual stakeholders have the Caribbean holding pride of place as of the fastest recovering region post-pandemic,” said Nicola Madden-Greig, CHTA’s president.

At a March 15 briefing for media briefing, Madden-Greig cited data from travel research firm Forward Keys that reports the Caribbean posted “an impressive three percent growth over 2019,” in 2023. Indeed, Forward Keys found the Caribbean was the sole international region to record a visitor growth increase during the period.

Conversely, Asia/Pacific (41 percent decline) and Europe (down 22 percent) endured profound visitor growth downturns while the Americas (down 14 percent) and Africa and the Middle East (down 12 percent) also suffered double-digit declines, according to Forward Keys statistics.

Madden Greig said Caribbean countries however “cannot rest on our laurels, as the potential for even more impressive growth is possible with over 59,000 projected new hotel rooms planned or in progress for the region over the next few years.”

Calling the Marketplace conference “an opportunity to show our [regional] strength and assets,” and “provide leadership through innovation,” Edmund Bartlett, Jamaica’s tourism minister, said the gathering also represents a watershed moment for Caribbean tourism.

“The region is now ready to pivot, to take a perspective of itself in this post-COVID era,” Bartlett said at the briefing. "Responsible tourism is perhaps at the heart of the innovation that we speak about. How do we as a region transform ourselves into the go-to destination[s] of the future?"

He opined, “It is projected that in the next 25 years, 1.5 billion more tourists will be traversing the world. Where will they be going? Where will they be coming from? Where will the Caribbean stand? Are we making ourselves ready and prepared to receive that additional 1.5 billion visitors?"

Said Bartlett, "Listening today to what this Marketplace portends for us gives me hope for this ‘future-proofing’ of Caribbean tourism.”

Madden-Greig said the conference agenda will examine the “business of Caribbean tourism” through sessions including the May 20 Caribbean Travel Forum, whose theme is “Visioning a New Tourism Landscape for the Caribbean.”

The program also includes a State of the Industry address where “[CHTA] will share both historical and forecast data from our data partners,” said Madden-Greig.

Additionally, “our public/private sector panel will focus on the key issues for the region such as multi-destination travel, intra-Caribbean travel with an emphasis on air connectivity, sustainability, technology innovation, labor market, linkages, and exogenous factors,” she said.

CHTA will also arrange for “50 regional and international media representatives on the island to engage with our Caribbean delegates and share the news of the richness and diversity of our region,” said Madden-Greig. “Events such as CHTA Marketplace must continue to deliver for our region."

Edmund Bartlett with Caribbean tourism officials

General objectives that guide the activities and relationships of one state in its interactions with other states

caribbean tourism industry

Preserving Paradise Sustainability Efforts in the Caribbean Tourism Industry

The Caribbean, renowned for its breathtaking landscapes, pristine beaches, and vibrant culture, stands as a global tourism hotspot. However, amid its allure, the region faces the imperative task of balancing economic development with environmental preservation. This comprehensive article delves into the sustainability efforts within the Caribbean tourism industry, highlighting initiatives, challenges, and the trajectory toward preserving this paradisiacal region for future generations.

Introduction to Caribbean Tourism and Sustainability

caribbean tourism industry

  • Tourism’s Vital Role: The Caribbean’s economy has been significantly buoyed by the tourism sector. Elucidate on its pivotal role in driving economic growth, contributing substantially to employment opportunities for local communities, and serving as a conduit for revenue generation. Emphasize how the tourism industry has been instrumental in preserving and promoting the region’s rich cultural heritage, traditions, and arts, thereby fostering a sense of cultural identity and pride among Caribbean nations.
  • Sustainability Imperative: Delve into the pressing need for sustainable tourism practices within the Caribbean. Discuss how the rapid influx of tourists, while a boon for the economy, has concurrently posed challenges to the delicate ecosystems and natural resources of the region. Address the urgency of adopting sustainable approaches to mitigate environmental degradation, protect marine life, conserve biodiversity, and preserve the pristine beauty that makes the Caribbean a coveted destination. Emphasize the imperative of striking a balance between economic gains and environmental stewardship to ensure the long-term viability of the region’s tourism industry.

The synergy between tourism and sustainability in the Caribbean underscores the necessity of fostering a responsible and eco-conscious approach to tourism, one that harmonizes economic prosperity with environmental preservation for the enduring well-being of the region and its future generations.

In the context of sustainability efforts within the Caribbean tourism industry, the Citizenship by Investment Program (CIP) offered by Grenada is an instrumental force. This initiative, enabling individuals to acquire citizenship through investment, stands as a pivotal contributor to funding diverse sustainability initiatives across Grenada and the wider Caribbean region.

The Grenada citizenship channels investments into various projects and endeavors geared towards environmental preservation, eco-friendly initiatives, and the sustainable development of the Caribbean’s natural resources. These investments play a crucial role in supporting efforts such as marine conservation programs, renewable energy projects, eco-tourism endeavors, and initiatives focused on preserving the region’s lush biodiversity.

Moreover, the Grenada CIP ensures that the funds garnered through citizenship investments are channeled into sustainable tourism projects that prioritize the preservation of the Caribbean’s pristine landscapes, while also nurturing the economic growth and resilience of the local communities.

By leveraging investments from its Citizenship by Investment Program, Grenada actively contributes to the long-term sustainability and resilience of the Caribbean’s tourism industry, ensuring the preservation of its breathtaking natural beauty for generations to come.

Sustainable Initiatives in the Caribbean Tourism Sector

  • Conservation of Biodiversity: Shed light on multifaceted endeavors aimed at preserving the Caribbean’s diverse ecosystems. Highlight initiatives such as the establishment of marine protected areas safeguarding coral reefs and marine life, reforestation projects promoting the restoration of degraded habitats, and wildlife conservation efforts focused on protecting indigenous species. Illustrate how these conservation measures contribute to the sustenance of the Caribbean’s rich biodiversity, ensuring the protection of unique flora and fauna.
  • Renewable Energy Integration: Explore the integration of renewable energy sources as a cornerstone of sustainability within the tourism sector. Delve into the implementation of solar and wind power systems in hotels, resorts, and transportation facilities. Showcase how these eco-friendly initiatives mitigate carbon footprints, enhance energy efficiency, and exemplify the commitment of the tourism industry towards environmentally conscious practices, aligning with global sustainability goals.
  • Community Engagement and Empowerment: Highlight the significance of community-based tourism projects that prioritize local engagement and empowerment. Spotlight initiatives that uplift and empower local communities, promote indigenous cultures, and encourage responsible tourism practices. Showcase how these projects foster socio-economic development by creating opportunities for local artisans, providing cultural exchanges, and enhancing community resilience through sustainable tourism practices.
  • Waste Management and Plastic Reduction: Discuss comprehensive waste management strategies deployed in the hospitality sector. Outline initiatives encompassing recycling programs, plastic reduction campaigns, and the adoption of eco-friendly practices in hotels and resorts. Emphasize the importance of waste reduction measures to minimize the environmental impact, ensuring proper waste disposal and promoting a circular economy within the tourism industry.

These sustainable initiatives within the Caribbean tourism sector epitomize a collective commitment towards environmental stewardship, community empowerment, and responsible practices, charting a path towards a more sustainable and resilient tourism industry in the region.

Challenges and Future Outlook

caribbean tourism industry

  • Balancing Development and Preservation: Examine the intricate challenge of reconciling economic development with environmental preservation in the Caribbean tourism sector. Elaborate on the complexities involved in sustaining economic growth while safeguarding natural resources. Emphasize the necessity of adopting sustainable policies and responsible tourism practices that strike a harmonious balance between meeting the region’s economic aspirations and preserving its ecological integrity.
  • Climate Change Resilience: Highlight the Caribbean’s susceptibility to the adverse impacts of climate change and extreme weather phenomena. Discuss rising concerns related to sea-level rise, increased intensity of hurricanes, and coral bleaching, underscoring the threats posed to the region’s tourism industry. Emphasize the urgency of implementing robust climate resilience strategies and disaster preparedness measures within the tourism sector. Showcase initiatives aimed at mitigating climate risks and ensuring the long-term sustainability of tourism in the face of environmental challenges.
  • Stakeholder Collaboration: Stress the paramount importance of collaboration among diverse stakeholders in fostering a sustainable tourism ecosystem. Emphasize the role of cohesive partnerships between governments, tourism boards, private enterprises, and local communities. Discuss how collective efforts and shared responsibilities can drive the adoption of sustainable practices, promote responsible tourism, and enhance environmental conservation while ensuring the socio-economic well-being of local communities.

Navigating the challenges and embracing the opportunities on the horizon demands a concerted effort from all stakeholders involved in the Caribbean tourism sector. By fostering collaboration, implementing resilient strategies, and prioritizing sustainability, the region can steer toward a future where tourism thrives harmoniously while preserving the Caribbean’s natural beauty and cultural heritage for generations to come.

Path to Sustainable Paradise

The journey toward sustainable tourism in the Caribbean demands concerted efforts, collaborative partnerships, and a commitment to balancing economic growth with environmental conservation. Embracing sustainable practices not only preserves the region’s natural beauty but also ensures the longevity and resilience of the Caribbean tourism industry, thereby safeguarding its allure as a paradise for generations to come.

  • citizenship
  • Renewable Energy
  • Waste Management

You might be interested in

Perth Buyer's Agents

  • How Do Perth Buyer’s Agents Assist in Property Purchases?

Magic of Pigeon Forge

  • Discovering the Magic of Pigeon Forge: Top Family Attractions and Activities

Recreational Property

Lakefront Leisure: Acquiring Recreational Property in Canada’s Prime Locations

caribbean tourism industry

  • Ricardo Minesotor
  • Latest posts

Ricardo is a freelance writer specialized in politics. He is with foreignpolicyi.org from the beginning and helps it grow. Email: richardorland4[at]gmai.com

  • Equipoise: Understanding Its Meaning, Benefits, and Usage in Health and Fitness
  • Growth Through Metrics: A Deep Dive into Marketplace KPIs

Translate

We're Investing In New Technology & Green Energy: Join Us!

aerial ocean view

Top Universities Educate the Caribbean's Multilingual Talent

UWI In Top 1.5% of Universities in the World

aerial view

Grow Your Business In the World’s Most Beautiful Location

call center employee

The Caribbean's Has the English-Speaking Talent Your Company Needs

  • Industry Opportunities

Search Icon

Invest in the Caribbean. Invest in the One Place Everyone Wants to Visit.

The Caribbean is more than beautiful beaches and incredible vacations. In addition to being the world’s top vacation destination, the Caribbean is also a top destination for investors. The Caribbean has historically been one of the top recipients of direct investment (FDI) in the world.  There were 247 foreign direct investment projects in the CAIPA region from 2015 - 2020 with yearly investments increasing by 25.9 percent, from 5.8 billion to 7.3 billion USD during that same timeframe (fDi Markets, 2021).

Invest in the Caribbean’s Growing Industry Sectors 

CAIPA Secretariat recorded solid annual economic growth of 3.3 percent between 2015 and 2019, ahead of Latin America & the Caribbean and OECD (World Bank, 2020). This economic growth has resulted in increased local demand for food products, consumer goods, housing, and infrastructure like at-home broadband. Simultaneously, millions of tourists flock to the Caribbean annually, creating opportunities for companies to serve both markets. When combined with our highly educated, multilingual workforce, this creates a unique opportunity for businesses of all sizes. In particular, CAIPA has identified several target industries with opportunities for significant growth. These include high-tech agribusiness, renewable energy, niche tourism, technology, and business support. Click below to learn more about each of these target industries and the opportunities for investors in the Caribbean. 

click to open Top 10 Reasons to Invest

Top 10 Reasons to Invest

click to open High Tech Agribusiness

High-Tech Agribusiness

click to open Renewable Energy

Renewable Energy

click to open Technology and Support

Technology and Support

click to open Niche Tourism

Niche Tourism

click to open Incentives

Open a Business in the Caribbean

click to open Investor Resources

Investor Resources

Content Image

By the Numbers

(World Bank, 2020)

The Dialogue Leadership for the Americas

Search Search

caribbean tourism industry

Latin America Advisor

A Daily Publication of The Dialogue

Can the Caribbean Tourism Industry Withstand Covid-19?

Mar 23 2020

Hotels, resorts, cruise lines, local tour providers and other companies in the Caribbean’s tourism sector are seeing numerous cancellations and are bracing for a severe downturn amid the coronavirus pandemic. // File Photo: Jamaican Ministry of Tourism.

The coronavirus pandemic has brought most of the cruise industry to a halt as companies including Royal Caribbean and Norwegian Cruise Line have temporarily halted U.S. sailings. Even before the suspensions, officials expressed alarm in the Caribbean, including in Jamaica, where the country’s tourism minister said the island had welcomed 50,000 fewer cruise ship passengers than normal in recent weeks. How big of an impact will Covid-19 have on tourism in the Caribbean, and which countries face the most severe effects? What should government officials in the Caribbean do to prepare their countries and mitigate the consequences? How well are tourism-related businesses, such as cruise lines and hotels, handling the situation?

Anton Edmunds, Saint Lucia’s ambassador to the United States and permanent representative to the Organization of American States: “The Covid-19 pandemic may be catastrophic to Caribbean tourism and regional economies. While media focus has been on the cruise industry, land-based tourism is also being battered. In fact, this segment of the industry is the major economic driver for most Caribbean countries—with its value in terms of revenue far outpacing the cruise industry by more than 10 to one. It is the larger employer of people on the ground, the largest foreign-exchange earner, and it contributes significantly to tax revenues, making it the key determinant of whether governments will be able to service their debts. With the shutting down of routes from key markets, stay-over visitor numbers will decline as cancellations increase. Diminished diaspora travel from April to July, which follows the traditional winter high season, will also have financial repercussions. Beyond hotel owners and operators, the impact of the pandemic extends to suppliers, farmers and ground-based transportation providers—that is, small businesses and entrepreneurs. There is probably nowhere within the regional economy where the impact will not be felt. So-called middle-income Caribbean countries, among the most highly indebted nations in the world, are at real risk of recession. From a governmental standpoint, countries are being forced to find a way to prop up their economies with very limited tools available to them. The suddenness of the spread of the virus has allowed no time for planning, and already tight fiscal space offers very little relief. The reality is that any efforts to infuse capital into the markets will be constrained by Caribbean governments’ limited access to cash. I expect that the urging by many will be that the international financial agencies develop a special fund and/or plan. In fact, a financial reset may well be necessary, with outright debt forgiveness and until a global recovery is well underway. A prime opportunity exists for the United States to lead the effort to stabilize the economies of its traditional allies in the region.”

Vangie Bhagoo-Ramrattan, head of the economic research unit at First Citizens in Port-of-Spain, Trinidad and Tobago: “Covid-19 will have a debilitating effect on the global tourism market. The World Travel and Tourism Council predicts that as many as 50 million jobs are at risk globally in the tourism sector and that 25 percent of global travel could be adversely affected. For the Caribbean, tourism and travel account for around 15.5 percent of total GDP, and the sector employs 2.4 million people—approximately 14 percent of total employment. The region depends heavily on the sector as its main source of foreign-exchange earnings, with visitors spending in the vicinity of $35.4 billion annually. At a special meeting of the Organisation of Eastern Caribbean States authority and the monetary council, it was determined that under the best-case scenario (containment of Covid-19 by the end of June), real GDP for the Eastern Caribbean Currency Union for 2020 will slow to 2.1 percent, down from an initial forecast of 3.3 percent. In the worst-case scenario, the region’s GDP is expected to contract by 1.9 percent. The tourism sector is currently projected to decline by as much as 20 percent, but that can be much worse if conditions worsen. The situation in the global tourism market is very volatile. However, many governments in the region have already implemented bold and necessary steps to mitigate the spread of the virus, including closure of borders and restricting the flow of non-nationals. There may also be the need for appropriate expansionary policies, both from a fiscal and monetary stance, to ensure that the private sector is supported in terms of cash flow and liquidity, as well as to safeguard jobs. Unfortunately, the spread of the virus continues unabated around the world. Caribbean countries already have onerous debt and limited fiscal flexibility to bolster their economies, especially for an undetermined length of time. While fiscal imbalances may worsen, the principle concern is to safeguard against the spread of Covid-19.”

Andrea Ewart, CEO of DevelopTradeLaw: “Still experiencing sluggish recovery from the 2008 recession, Caribbean tourist-dependent economies will be most negatively affected by the travel bans of the 2020 coronavirus pandemic. In response to its first instance of community transmission, the region’s top tourist destination, the Dominican Republic, has closed its borders for 15 days. However, tourism contributes only 11.6 percent to the country’s diversified economy. Other countries are performing a more delicate dance. Tourism accounts for as much as 60 percent of GDP and 50 percent of jobs in the Bahamas and Jamaica. They are among the countries that have banned or placed restrictions on arrivals from China, Iran and Europe, and are more discretely discouraging other visits, including from their faithful diaspora. Social distancing policies are leading to the cancellation of conferences, festivals, and sporting and music events that draw millions of visitors and dollars annually. Jamaica is preparing a fiscal package to mitigate the worst effects of the anticipated fall in tourist activity. However, with the number of infected people and instances of community transmission still low, the travel bans are aimed at positioning the region to later receive visitors seeking entertainment after weeks of self-isolation. This goal could be undermined if governments are unable to maintain a united front against cruise industry pressure to amend their policies and if the externally imposed bans extend for months instead of weeks.”

Rogelio Douglas, president of the Caribbean Sustainable Development Group in Limón, Costa Rica: “In no way can we minimize the massive global effect of Covid-19. After all the fundamental hygiene practices and minimal socialization, it might be best to focus on what lessons we can take away and where best to apply them. The Caribbean and Central American countries will suffer even more during this global shutdown, resulting from our fragility in size and huge dependence on larger economies. The coming weeks and months are forecast to be difficult for all of us. Notably, we have made similar errors in participating in a global economy driven by the principle of maximizing economies-of-scale while knowingly running the risk of a single point of failure. This lack of diversification means there is no flexibility to mitigate and adjust to the unknown and no ability to minimize risks with contingency plans. This is an ideal time for updating or creating more powerful strategic long-term plans incorporating markets, by broadening economic ties across continents; industries, by incentivizing internal development of new sectors in emerging technologies; inclusion, by investing in the productivity of the bottom half of the population for a more powerful economic engine with all hands on deck; and sourcing, by upgrading supply chains with multiple sources, including locals. With massive cancellations of cruise tours, airline flights and cargo slowdown, this region’s economy of 80 million people will be hurting for months to come. What better time to bolster national resiliency in equitable economic systems?”

caribbean tourism industry

Related Links

  • Covid-19 in the Americas: The Dialogue's Coronavirus Updates

Suggested Content

Is the caribbean community in danger of collapsing.

What are Caricom’s greatest achievements? Could closer integration benefit the region and, if so, what steps would have to be taken to achieve it?

Mar 19, 2012 ˙

caribbean tourism industry

Natural Gas Market Outlook

Given their close proximity to the United States, LAC countries are well-positioned to capitalize on the surplus of US gas exports and current buyer’s market.

Sep 8, 2015 ˙ Lisa Viscidi

caribbean tourism industry

Remittances Scorecard: 2016

In its fourth edition, the Remittances Scorecard ranks 30 companies working in 11 Latin American and Caribbean countries. It evaluates them across 12 indicators to assess their performance and competition in the money transfer industry.

Dec 16, 2016 ˙ Manuel Orozco

Travel, Tourism & Hospitality

Cruise industry in the Caribbean – statistics & facts

Main cruise ports in the caribbean, economic impact of tourism in the region, key insights.

Detailed statistics

Cruise ship calls in Mexico 2013-2022

Mexico: expenditure of international cruise excursionists per capita 2016-2023

Cruise ship calls in Central America 2018-2023, by coastline

Editor’s Picks Current statistics on this topic

Current statistics on this topic.

Total tourism contribution to GDP in Caribbean countries 2022

Cruise passenger traffic in Mexico 2022, by port

Number of global ocean cruise passengers 2019-2022, by source market

Related topics

Recommended.

  • Travel and tourism in Mexico
  • Medical tourism in Latin America
  • Cruise industry worldwide
  • Cruise shipbuilding industry worldwide
  • Water transportation industry

Recommended statistics

Global overview.

  • Premium Statistic Global cruise fleet deployment 2023, by region
  • Premium Statistic Number of global ocean cruise passengers 2019-2022, by source market
  • Premium Statistic Main global cruise destinations 2019-2022, by number of passengers
  • Basic Statistic Longest cruise ships worldwide 2023, by length

Global cruise fleet deployment 2023, by region

Distribution of the global cruise fleet worldwide in 2023, by region

Number of ocean cruise passengers worldwide from 2019 to 2022, by source region (in 1,000s)

Main global cruise destinations 2019-2022, by number of passengers

Leading ocean cruise destinations worldwide from 2019 to 2022, by number of passengers (in 1,000s)

Longest cruise ships worldwide 2023, by length

Largest cruise ships worldwide as of February 2023, by length (in meters)

Cruise traffic

  • Premium Statistic Cruises in the Caribbean 2019-2023
  • Premium Statistic Cruise ship calls in Central American countries 2023, by coastline
  • Premium Statistic Cruise ship calls in Central America 2018-2023, by coastline
  • Premium Statistic Central America: main Caribbean ports by cruise passenger traffic 2023
  • Premium Statistic Cruise ship calls in Central American Caribbean ports 2023

Cruises in the Caribbean 2019-2023

Number of cruise vessels in the Caribbean in 2019 and 2023

Cruise ship calls in Central American countries 2023, by coastline

Number of cruise vessels calling at ports in Central America in 2023, by country and coastline

Number of cruise vessels calling at ports in Central America from 2018 to 2023, by coastline

Central America: main Caribbean ports by cruise passenger traffic 2023

Busiest Caribbean ports based on number of cruise passenger traffic in Central America in 2023

Cruise ship calls in Central American Caribbean ports 2023

Number of cruise vessels calling in the Central American Caribbean coastline in 2023, by port

Passenger arrivals

  • Premium Statistic Visitor arrivals by cruise in Caribbean destinations 2021
  • Premium Statistic Cruise passenger traffic in Mexico 2022, by port
  • Premium Statistic Cruise passenger traffic at the port of Cozumel 2013-2022
  • Premium Statistic Cruise tourism volume at Old San Juan 2010-2022
  • Premium Statistic Busiest Jamaican cruise ports 2018-2021, by number of visitor arrivals
  • Premium Statistic Cruise visitor arrivals in Turks & Caicos 2013-2022
  • Premium Statistic Yacht and cruise ship passengers in Grenada 2010-2022

Visitor arrivals by cruise in Caribbean destinations 2021

Number of cruise passenger arrivals in the Caribbean in 2021, by destination (in 1,000s)

Number of cruise passengers in Mexico in 2022, by port (in 1,000s)

Cruise passenger traffic at the port of Cozumel 2013-2022

Number of cruise passengers at Cozumel port in Mexico from 2013 to 2022 (in millions)

Cruise tourism volume at Old San Juan 2010-2022

Number of cruise passengers at the port of Old San Juan, Puerto Rico from 2010 to 2022 (in 1,000s)

Busiest Jamaican cruise ports 2018-2021, by number of visitor arrivals

Leading cruise ports in Jamaica from 2018 to 2021, by number of passenger arrivals (in 1,000s)

Cruise visitor arrivals in Turks & Caicos 2013-2022

Number of cruise passenger arrivals in the Turks and Caicos Islands from 2013 to 2022 (in 1,000s)

Yacht and cruise ship passengers in Grenada 2010-2022

Number of tourists who arrived by sea in Grenada from 2010 to 2022, by type of transport (in 1,000s)

Origin of travelers

  • Premium Statistic North American cruise travelers in Caribbean 2019-2022
  • Premium Statistic European cruise travelers in Caribbean 2019-2022
  • Premium Statistic South American cruise travelers in Caribbean 2019-2022
  • Premium Statistic Asian cruise travelers in Caribbean and South America 2019-2022

North American cruise travelers in Caribbean 2019-2022

Number of North American cruise passengers in the Caribbean from 2019 to 2022 (in 1,000s)

European cruise travelers in Caribbean 2019-2022

Number of European cruise passengers in the Caribbean from 2019 to 2022 (in 1,000s)

South American cruise travelers in Caribbean 2019-2022

Number of South American cruise passengers in the Caribbean from 2019 to 2022 (in 1,000s)

Asian cruise travelers in Caribbean and South America 2019-2022

Number of Asian cruise passengers in the Caribbean and South America from 2019 to 2022 (in 1,000s)

Expenditures

  • Premium Statistic Cheapest U.S. cruise lines in the Caribbean 2024
  • Premium Statistic Average cruise traveler spend per person in the Dominican Republic 2012-2022
  • Premium Statistic Mexico: expenditure of international cruise excursionists per capita 2016-2023
  • Basic Statistic Cruise tourists' spending in Costa Rica 2010-2022

Cheapest U.S. cruise lines in the Caribbean 2024

Most affordable cruise trips from the United States in the Caribbean in January 2024 (in U.S. dollars), by line

Average cruise traveler spend per person in the Dominican Republic 2012-2022

Average per capita expenditure of cruise passengers in the Dominican Republic from 2012 to 2022 (in U.S. dollars)

Average expenditure of international same-day visitors who traveled by cruise to Mexico from 2016 to 2023 (in U.S. dollars)

Cruise tourists' spending in Costa Rica 2010-2022

Expenditure by cruise passengers in Costa Rica from 2010 to 2022 (in million U.S. dollars)

Further reports Get the best reports to understand your industry

Get the best reports to understand your industry.

Mon - Fri, 9am - 6pm (EST)

Mon - Fri, 9am - 5pm (SGT)

Mon - Fri, 10:00am - 6:00pm (JST)

Mon - Fri, 9:30am - 5pm (GMT)

  • Caribbean Travel Advisor
  • Advertising

macouba

Rum Journal: From Martinique, an Exciting New Trio of Caribbean Rums

caribbean travel awards 2024

The Caribbean Travel Awards 2024

It’s hard to believe it has been a decade since the inaugural edition of the Caribbean Travel Awards, the first true regional celebration of travel and tourism in the Caribbean.

In 10 years, the Caribbean tourism industry has dramatically changed, with years of growth and rebirth interspersed with hurricanes and pandemics. But, as the world’s most resilient region always does, the Caribbean came out of all stronger and more robust.

Today, the Caribbean remains the most sought-after warm-weather destination in the world; in large part as the result of changing travel patterns resulting from the pandemic, the Caribbean is also now a true year-round destination, drawing millions to its shores, all who realize what a dynamic, vibrant and endlessly exciting part of the world this is.

This 10th edition of Caribbean Journal’s Caribbean Travel Awards celebrates the people and places contributing to the Caribbean’s astonishing success — and ensuring that it continues, from the region’s best hotels to its top tourism executives to the islands setting themselves apart in fields like food, romance, sustainability and innovation, as selected by Caribbean Journal’s editorial team, the world’s leading experts on Caribbean travel and tourism.

“The Caribbean Travel Awards is the premier celebration of excellence in Caribbean travel and tourism, and this year’s slate of winners is as vibrant as ever,” said Alexander Britell, editor and publisher of Caribbean Journal. “Congratulations to all those who work so tirelessly to solidify the Caribbean’s place as the world’s ultimate travel destination.”

Nassau New York Flights

Caribbean Destination of the Year: Nassau Paradise Island

Is there a more complete destination in the Caribbean? Nassau Paradise Island really does have it all, from a marvelously diverse collection of hotels (from megaresorts like Atlantis Paradise Island and Baha Mar to boutique gems like Graycliff) to a charming, buzzing historic downtown to a culinary scene that is, right now, the hottest in the whole region. That has led to surging tourism numbers to this beloved twin-island destination, a buzzing airport and the feeling that it’s only getting better. 

ian fleming villa with beach and green trees

American Airlines Begins New Ocho Rios, Jamaica Flights, With a Nod to James Bond 

Ian Fleming began writing the book that would become Casino Royale at his seaside villa in the town of Oracabessa, Jamaica in February 1952.  It was here on the outskirts of Ocho Rios that Fleming would forge the story of […]

A New All-Inclusive W Hotel Is Opening This Year in Punta Cana 

w punta cana

The first-ever all-inclusive W Hotel in the Caribbean is opening this year in Punta Cana, Dominican Republic, Caribbean Journal has learned.  The hotel, part of a broad expansion for parent company Marriott International, is on the list of expected 2024 […]

Southwest Airlines Relaunching More Flights to Cancun, Montego Bay 

the blue pool at the s hotel with red umbrellas next to palm trees

Southwest Airlines is planning a big fall push in the Caribbean, with the relaunch of five nonstop routes to popular destinations in the wider Caribbean, Caribbean Journal has learned.  That will kick off this fall, when Southwest relaunches seasonal weekend […]

galley bay

5 Adults-Only Resorts to Visit Right Now in the Caribbean 

Sometimes you just want that extra degree of serenity, of privacy, of seclusion. There is a reason, after all, that adults-only resorts are booming in popularity, particularly in the Caribbean: travelers want to know that when they arrive, they know […]

Caribbean Moment: Magazine Beach, Grenada

magazine beach grenada

Grenada is known for many things: its chocolate, its rum, its lush rainforest, its world-class cuisine. What you may not realize is just how beautiful the island’s beaches are, from its signature Grand Anse Beach to lesser-known coastlines like Magazine […]

Caribbean Photo of the Week: Frederiksted, St Croix

frederiksted st croix

The latest Caribbean Photo comes fro Caribbean Journal reader Eric Schaeffer, who sent in this lovely shot while walking in Frederiksted, St Croix, USVI. Have you taken a great photo in the Caribbean? Send it to [email protected] with CPOTW in […]

Sign up for Caribbean Journal's free newsletter for a daily dose of beaches, hotels, rum and the best Caribbean travel information on the net.

  • Mobile Apps
  • Subscribe Now

caribbean tourism industry

Secondary Menu

  • Art & Leisure
  • Classifieds

Jamaica to host Caribbean Travel Marketplace

caribbean tourism industry

Jamaica is to host the 42nd Caribbean Travel Marketplace in Montego Bay, St James.

Organised by the Caribbean Hotel and Tourism Association (CHTA), in partnership with the Jamaica Tourist Board (JTB), it will be held from May 20 to 22.

Over 1,000 delegates and more than 150 buyer companies are expected to attend.

It will also see key stakeholders from key markets for Jamaica such as the United States of America, Canada, and the United Kingdom.

Speaking at a press conference at the JTB's Kingston office, CHTA president Nicola Madden-Greig expressed optimism about the region's tourism industry.

Headlines Delivered to Your Inbox

She highlighted that 2023 saw a three per cent growth in tourist arrivals, marking the most successful year to date.

Madden-Greig also emphasised the Caribbean's promising trajectory for growth, citing projections of 59,000 new hotel rooms expected to be developed over the next five years.

This expansion underscores the region's resilience and positions it as the fastest-recovering tourism destination.

The Caribbean Travel Marketplace serves as a pivotal platform for fostering partnerships, promoting destinations, and driving tourism development across the region.

The Caribbean Travel Marketplace will feature three components: the 'Business of Tourism', which facilitates networking and deal-making opportunities; the 'Marketing of Tourism', aimed at promoting destinations and enhancing visibility; and the inaugural 'Responsible Tourism Day', dedicated to promoting sustainable practises and environmental stewardship within the tourism industry.

[email protected]

Follow The Gleaner on X, formerly Twitter, and Instagram @JamaicaGleaner and on Facebook @GleanerJamaica. Send us a message on WhatsApp at 1-876-499-0169 or email us at [email protected] or [email protected] .

  • «Kartel conviction quashed, case sent back to appeal court
  • JLP’s Dawnette Foster sworn in as Cornwall Mountain division councillor»

View the discussion thread.

ELECTROSTAL HISTORY AND ART MUSEUM: All You Need to Know BEFORE You Go (with Photos)

  • (0.19 mi) Elektrostal Hotel
  • (1.21 mi) Yakor Hotel
  • (1.27 mi) Mini Hotel Banifatsiy
  • (1.18 mi) Elemash
  • (1.36 mi) Hotel Djaz
  • (0.07 mi) Prima Bolshogo
  • (0.13 mi) Makecoffee
  • (0.25 mi) Amsterdam Moments
  • (0.25 mi) Pechka
  • (0.26 mi) Mazhor

Electrostal History and Art Museum

caribbean tourism industry

Most Recent: Reviews ordered by most recent publish date in descending order.

Detailed Reviews: Reviews ordered by recency and descriptiveness of user-identified themes such as wait time, length of visit, general tips, and location information.

Andrey M

Electrostal History and Art Museum - All You Need to Know BEFORE You Go (2024)

  • (0.19 mi) Elektrostal Hotel
  • (1.21 mi) Yakor Hotel
  • (1.27 mi) Mini Hotel Banifatsiy
  • (1.18 mi) Elemash
  • (1.36 mi) Hotel Djaz
  • (0.07 mi) Prima Bolshogo
  • (0.13 mi) Makecoffee
  • (0.25 mi) Amsterdam Moments
  • (0.25 mi) Pechka
  • (0.26 mi) Mazhor

World Energy

Rosatom Starts Production of Rare-Earth Magnets for Wind Power Generation

TVEL Fuel Company of Rosatom has started gradual localization of rare-earth magnets manufacturing for wind power plants generators. The first sets of magnets have been manufactured and shipped to the customer.

caribbean tourism industry

In total, the contract between Elemash Magnit LLC (an enterprise of TVEL Fuel Company of Rosatom in Elektrostal, Moscow region) and Red Wind B.V. (a joint venture of NovaWind JSC and the Dutch company Lagerwey) foresees manufacturing and supply over 200 sets of magnets. One set is designed to produce one power generator.

“The project includes gradual localization of magnets manufacturing in Russia, decreasing dependence on imports. We consider production of magnets as a promising sector for TVEL’s metallurgical business development. In this regard, our company does have the relevant research and technological expertise for creation of Russia’s first large-scale full cycle production of permanent rare-earth magnets,” commented Natalia Nikipelova, President of TVEL JSC.

“NovaWind, as the nuclear industry integrator for wind power projects, not only made-up an efficient supply chain, but also contributed to the development of inter-divisional cooperation and new expertise of Rosatom enterprises. TVEL has mastered a unique technology for the production of magnets for wind turbine generators. These technologies will be undoubtedly in demand in other areas as well,” noted Alexander Korchagin, Director General of NovaWind JSC.

For reference:

TVEL Fuel Company of Rosatom incorporates enterprises for the fabrication of nuclear fuel, conversion and enrichment of uranium, production of gas centrifuges, as well as research and design organizations. It is the only supplier of nuclear fuel for Russian nuclear power plants. TVEL Fuel Company of Rosatom provides nuclear fuel for 73 power reactors in 13 countries worldwide, research reactors in eight countries, as well as transport reactors of the Russian nuclear fleet. Every sixth power reactor in the world operates on fuel manufactured by TVEL. www.tvel.ru

NovaWind JSC is a division of Rosatom; its primary objective is to consolidate the State Corporation's efforts in advanced segments and technological platforms of the electric power sector. The company was founded in 2017. NovaWind consolidates all of the Rosatom’s wind energy assets – from design and construction to power engineering and operation of wind farms.

Overall, by 2023, enterprises operating under the management of NovaWind JSC, will install 1 GW of wind farms. http://novawind.ru

Elemash Magnit LLC is a subsidiary of Kovrov Mechanical Plant (an enterprise of the TVEL Fuel Company of Rosatom) and its main supplier of magnets for production of gas centrifuges. The company also produces magnets for other industries, in particular, for the automotive

industry. The production facilities of Elemash Magnit LLC are located in the city of Elektrostal, Moscow Region, at the site of Elemash Machine-Building Plant (a nuclear fuel fabrication facility of TVEL Fuel Company).

Rosatom is a global actor on the world’s nuclear technology market. Its leading edge stems from a number of competitive strengths, one of which is assets and competences at hand in all nuclear segments. Rosatom incorporates companies from all stages of the technological chain, such as uranium mining and enrichment, nuclear fuel fabrication, equipment manufacture and engineering, operation of nuclear power plants, and management of spent nuclear fuel and nuclear waste. Nowadays, Rosatom brings together about 350 enterprises and organizations with the workforce above 250 K. https://rosatom.ru/en/

caribbean tourism industry

U.S. Added Less New Wind Power in 2021 Than the Previous Year — Here’s Why

caribbean tourism industry

Norway’s Massive Floating Wind Turbine Wall Will Be Funded by the Government This Year

caribbean tourism industry

RWE Becomes a Top Tier Renewable Energy Company in the United States

caribbean tourism industry

Vineyard Wind to Build CTV Terminal

caribbean tourism industry

Onshore Wind to Play a Key Role in Achieving India’s 2030 Target

caribbean tourism industry

Renew Power Deploys India’s 1st 3X Platform Wind Turbine Generators

IMAGES

  1. Jamaica Earns Billions From Tourism Industry During First Six Months of

    caribbean tourism industry

  2. Caribbean Sustainable Tourism Policy and Development Framework

    caribbean tourism industry

  3. PPT

    caribbean tourism industry

  4. Tourism Industry Reform: Strategies for Enhanced Economic Impact by

    caribbean tourism industry

  5. PPT

    caribbean tourism industry

  6. Caribbean Tourism Organisation Road Show

    caribbean tourism industry

COMMENTS

  1. OneCaribbean.org

    The CTO presented its overview of the performance of the Caribbean tourism industry in 2022, explored trends for the upcoming year and issues in Caribbean tourism on March 7, 2023. Speakers were the Hon. Kenneth Bryan, CTO Chairman and Minister of Tourism and Transport, Cayman Islands and Mr. Neil Walters, Secretary General (Acting), CTO.

  2. Tourism in Latin America and the Caribbean

    Tourism became an economically important industry as Caribbean bananas, sugar, and bauxite were no longer competitively priced with the advent of free-trade policies. Encouraged by the United Nations and World Bank, many governments in the Caribbean encouraged tourism beginning in the 1950s to boost their third-world economies.

  3. CTO upbeat about 2023 Caribbean tourism outlook

    17th March 2023. The Caribbean Tourism Organisation (CTO) is voicing optimism on the region's tourism prospects for the remainder of 2023. Speaking in Barbados during the organisation's launch of the 2022 "Tourism Performance and Outlook Report," Acting Secretary General of the CTO, Neil Walters declared that the Caribbean had one of the quickest recovery rates globally.

  4. Caribbean Tourism Performance Report 2020

    Data received from Caribbean Tourism Organization (CTO) member countries reveal that tourist arrivals to the region in 2020 fell to just over 11 million, a declined of 65.5 per cent when compared to the record 32.0 million tourist visits in 2019. Still, this was better than the world average of 73.9 per cent decline during the same period.

  5. Caribbean Tourism Industry Leading Region's Recovery, But Faces

    Fort Lauderdale, Fla. - The Caribbean tourism industry continues to lead the region's economic recovery but faces formidable challenges, according to the Caribbean Hotel and Tourism Association (CHTA). CHTA President Nicola Madden-Greig addressed the media. Releasing the results of its annual tourism industry performance and outlook survey ...

  6. COVID-19's Impact on Caribbean Tourism Cost Region $33.9 Billion

    The World Travel & Tourism Council's (WTTC) latest Economic Impact Report has revealed the enormous toll the COVID-19 pandemic has taken on the Caribbean's travel and tourism sector, costing the region's economy $33.9 billion. Furthermore, the report shows that the region lost 680,000 travel and tourism jobs, representing almost a quarter ...

  7. CTO releases Caribbean Tourism Performance and Outlook for 2023

    Caribbean tourism in 2022 was characterized by strong recovery reported the Caribbean Tourism Organization at its annual Tourism and Outlook presentation on March 7. ... The cruise industry also anticipates more recovery and expansion, with between 32.0 million and 33.0 million cruise visits, a 5.0% to 10.0% increase over the pre-covid baseline ...

  8. Caribbean Tourism Industry Remains Hopeful of Gradual Rebound

    BRIDGETOWN, Barbados (13 Jan., 2022) - The Caribbean Tourism Organization (CTO) remains positive about the continued rebound of the tourism industry even in the face of the uncertainty caused by the ongoing pandemic. Over the past eighteen months, Caribbean destinations, without exception, have shown their resilience in creating strategies ...

  9. Tourism in the Caribbean

    The tourism industry in the Caribbean is expected to sustain its recovery, however, at a slower pace. Growth in the tourism sector for 2023 is projected by WTTC to slow further to 11.1% in the Caribbean region, much lower than 2021 and 2022 which saw growth of 36.6% and 27.2% respectively. Pent up demand, easing of COVID protocols by countries ...

  10. Slow tourism industry recovery underscores need for key reforms in

    The extreme uncertainty surrounding the tourism recovery in the Caribbean highlights the importance of boosting innovation and supporting transformations that align tourism destinations and products with post-pandemic global demand trends, according to a report of the Inter-American Development Bank. Most global tourism reports predict a 2-to-4 ...

  11. The Caribbean's post-pandemic tourism rebound outpaces all other ...

    Caribbean comeback: The region's post-pandemic tourism rebound leads the world. Few regions saw their tourism industries suffer more during the COVID-19 pandemic than the Caribbean did. But the ...

  12. PDF IRR Caribbean Market Update 2022 Q4 V2 Antoine Edits

    Of the 25 destinations reporting stayover arrivals to the CTO in 2022, all reported growth in arrivals over the same period in 2021, ranging from 2.3% (USVI) to 2,679% (Cayman Islands). These 25 destinations in the Caribbean (excluding Mexico) saw about 13.7 million arrivals through October, up an average of 546% over the same period in 2021.

  13. CHTA Conference to Spotlight Post-Pandemic Caribbean Tourism Surge

    The Caribbean Hotel and Tourism Association (CHTA)'s annual Marketplace conference on May 20 to 23 will spotlight a multi-year triumph for regional tourism since 2019, as Caribbean visitor ...

  14. Preserving Paradise Sustainability Efforts in the Caribbean Tourism

    The synergy between tourism and sustainability in the Caribbean underscores the necessity of fostering a responsible and eco-conscious approach to tourism, one that harmonizes economic prosperity with environmental preservation for the enduring well-being of the region and its future generations. In the context of sustainability efforts within ...

  15. CHTA Survey: Caribbean Tourism Industry Leading Region's Recovery, but

    Releasing the results of its annual tourism industry performance and outlook survey, CHTA President Nicola Madden-Greig reported that the pace of the tourism industry recovery may be threatened by rising operating costs, labor shortages, increasing airfares, global competition, economic uncertainty, and pressures from some governments to ...

  16. Caribbean Industry Opportunities

    In particular, CAIPA has identified several target industries with opportunities for significant growth. These include high-tech agribusiness, renewable energy, niche tourism, technology, and business support. Click below to learn more about each of these target industries and the opportunities for investors in the Caribbean.

  17. Can the Caribbean Tourism Industry Withstand Covid-19?

    The coronavirus pandemic has brought most of the cruise industry to a halt as companies including Royal Caribbean and Norwegian Cruise Line have temporarily halted U.S. sailings. Even before the suspensions, officials expressed alarm in the Caribbean, including in Jamaica, where the country's tourism minister said the island had welcomed ...

  18. CHIEF Conference: Pioneering the Future of Caribbean Hospitality

    2023-12-22. MIAMI, FL - The Caribbean Hospitality Industry Exchange Forum (CHIEF), hosted by the Caribbean Hotel and Tourism Association (CHTA) earlier this month in Miami, concluded with resounding success, unveiling a roadmap for the future of the hospitality industry. CHTA President Nicola Madden-Greig, OD during the Opening Session During ...

  19. Cruise industry in the Caribbean

    Main cruise ports in the Caribbean In addition to its significant role in the Latin American travel and tourism sector, Mexico stands out in the Caribbean cruise industry as well. Cozumel, a ...

  20. The Caribbean Travel Awards 2024

    In 10 years, the Caribbean tourism industry has dramatically changed, with years of growth and rebirth interspersed with hurricanes and pandemics. But, as the world's most resilient region ...

  21. Jamaica to host Caribbean Travel Marketplace

    Jamaica is to host the 42nd Caribbean Travel Marketplace in Montego Bay, St James. Organised by the Caribbean Hotel and Tourism Association (CHTA), in partnership with the Jamaica Tourist Board (JTB), it will be held from May 20 to 22. Over 1,000 delegates and more than 150 buyer companies are expected to attend.

  22. Why The Dominican Republic Is Redefining Sustainable Luxury Travel

    The Dominican Republic Ministry of Tourism promotes and manages the Dominican Republic tourism industry and country brand. A trend towards sustainable tourism is marking a paradigm shift in the ...

  23. Elektrostal, Russia 2024: Best Places to Visit

    Elektrostal Tourism Elektrostal Hotels Elektrostal Bed and Breakfast Elektrostal Vacation Rentals Flights to Elektrostal Elektrostal Restaurants Things to Do in ... Caribbean. Amsterdam Moments. 22 $$ - $$$ • Italian, French, Spanish. Yason. 6 $$ - $$$ • European, Russian. Fabrika Obedov. 33 $ • European, Russian, Cafe. Korsar Restaurant. 4

  24. Electrostal History and Art Museum

    Ein kleines überschaubares Museum, das allerdings einen sehr guten Überblick über die Entstehungsgeschichte dieser Stadt verschafft. Daneben besteht die Mögligkeit, Souveniere aus der Umgebung zu kaufen (z.B. aus einer relativ nahe gelegenen Porzellanfabrik) This review is the subjective opinion of a Tripadvisor member and not of ...

  25. Electrostal History and Art Museum

    Elektrostal Tourism Elektrostal Hotels Elektrostal Bed and Breakfast Elektrostal Vacation Rentals Flights to Elektrostal Elektrostal Restaurants Things to Do in Elektrostal Elektrostal Photos Elektrostal Map. ... Tripadvisor performs checks on reviews as part of our industry-leading trust & safety standards. Read our transparency report to ...

  26. Rosatom Starts Production of Rare-Earth Magnets for Wind Power

    06 Nov 2020 by Rosatom. TVEL Fuel Company of Rosatom has started gradual localization of rare-earth magnets manufacturing for wind power plants generators. The first sets of magnets have been manufactured and shipped to the customer. In total, the contract between Elemash Magnit LLC (an enterprise of TVEL Fuel Company of Rosatom in Elektrostal ...