The impact of the COVID-19 pandemic on the tourism sector in Latin America and the Caribbean, and options for a sustainable and resilient recovery
- Mulder, Nanno
- Date Issued:
- 2020-12-15
- Serie:
- Serie Comercio Internacional
- No.
- 157
- UN symbol:
Since April, tourism in the region has almost come to a temporary standstill as a result of the coronavirus disease (COVID-19) pandemic. This temporary paralysis has not only hit Caribbean economies and employment hard, but also many local communities in Latin America. Tourism accounts for half of services exports in Latin America and the Caribbean and represents significant shares of gross domestic product (GDP) and employment. An impact scenario shows that the slump in tourism may cause total GDP growth in the Caribbean and Latin America to fall by 8 percentage points and 1 percentage point, respectively, while total employment could potentially decline by 7 percentage points in the Caribbean and 1 percentage point in Latin America. As countries have taken measures to mitigate the impact of the crisis on tourism, recommendations are provided to step up the sector’s preparation for the economic recovery, while enhancing diversification as well as environmental and social sustainability.
Abstract .-- Introduction .-- I. The key role of tourism in GDP, exports and employment .-- II. The dramatic fall in tourism .-- III. Large drops in regional tourism are expected in 2020 .-- IV. Different measures can mitigate the impact of the crisis and accelerate recovery.
Show full data
- Publishing information:
- Physical description:
- UN symbol:
- Physical location:
- Type of document:
- Bibliographic level:
- Show full item record
Downloadable Files
This item appears in the following Collection(s)
-
Comercio Internacional [163]
Related items
Showing items related by title, author, creator and subject.
Recovery measures for the tourism sector in Latin America and the Caribbean present an opportunity to promote sustainability and resilience
- Corporate Author(s):
- NU. CEPAL
- Date Issued
- 2020-07-08
- Physical Description
- 11 p.
Tourism in the region has come to a temporary standstill, beginning in April 2020, as a result of the coronavirus disease (COVID-19) pandemic. This paralysis has not only hit Caribbean economies and employment hard, but also many local communities in Latin America. In this brief, the contribution o...
Political and social compacts for equality and sustainable development in Latin America and the Caribbean in the post-COVID-19 recovery
- Corporate Author(s):
- NU. CEPAL
- Serie:
- No.
- 8
- Date Issued
- 2020-10-21
- Physical Description
- 17 p.
The coronavirus disease 2019 (COVID-19) pandemic hit Latin America and the Caribbean in a period of economic, social and environmental vulnerability (ECLAC, 2020a). Tackling the health crisis —which has outlasted initial forecasts— and its deleterious economic and social effects will require politi...
The case for financing: Caribbean resilience building in the face of the COVID-19 pandemic
- Author(s):
- Alleyne, Dillon |
- McLean, Sheldon |
- Abdulkadri, Abdullahi |
- Camarinhas, Catarina |
- Hendrickson, Michael |
- Jones, Francis |
- Phillips, Willard |
- Tokuda, Hidenobu |
- Pantin, Machel |
- Skerrette, Nyasha
- Serie:
- No.
- 97
- Date Issued
- 2021-02-02
- Physical Description
- 87 p.
- UN symbol:
The emergence of the COVID-19 pandemic has not only been sudden but has required significant re-adjustment on the part of world economies with far-reaching effects anticipated in the short to medium term. For vulnerable Caribbean economies already challenged by high debt service payments, external ...
Report of the expert group meeting to discuss a study on the case for financing: Caribbean resilience building in the face of the COVID-19 pandemic
- Corporate Author(s):
- NU. CEPAL. Sede Subregional para el Caribe
- Date Issued
- 2020-12-02
- Physical Description
- 11 p.
- UN symbol: