Location
Zoom
Tourism is at the heart of the Caribbean. It fuels economies and creates jobs, contributing over 22% of regional GDP and supporting nearly 2.75 million jobs—many held by women and young people. However, as the region grows, so too do the challenges that come with a model focused on mass tourism, particularly cruise ships and large resorts.
Often, the money generated doesn’t stay in local communities, and natural resources which make the Caribbean special—its beaches, reefs, and rainforests—are under pressure. The COVID-19 pandemic further exposed the region’s vulnerability, revealing how heavily tourism-dependent economies struggle to adapt when crises strike.
Addressing these challenges requires stronger governance through transparent investment frameworks and realistic environmental fees. There is also a need to diversify tourism offerings, especially in adventure and nature-based sectors, and to enhance local economic linkages so that tourism benefits farmers, artisans, and entrepreneurs. Regional collaboration can help avoid a “race to the bottom” and build collective bargaining power.
Opportunities exist in high-value, low-impact tourism, with successful examples like Dominica’s Waitukubuli National Trail and Saint Lucia’s Tourism Enhancement Fund, which demonstrate how visitor contributions can be reinvested in local communities.
Governments play a key role in reforming tax incentives and concessions to avoid harmful competition, introducing and enforcing environmental fees, and ensuring that revenues are reinvested locally. They can also strengthen policies that link tourism to local economies and invest in skills and training, particularly for women and youth.
The private sector can contribute by promoting local sourcing and value chains, investing in sustainable tourism offerings, and supporting community-based initiatives like the Tourism Enhancement Fund and destination stewardship councils.
The World Bank is excited to be part of this important conversation. We look forward to discussing solutions that make tourism work better for local communities, create good jobs, and protect the natural beauty that makes the Caribbean a cherished destination.
10:00 a.m. |
Event Opening Moderator |
10:03 a.m. |
Welcome Remarks Lilia Burunciuc
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10:08 a.m. |
Presentation on the report “Rethinking Caribbean Tourism” Presenter: Monica Parra Torrado |
10:23 a.m. |
Panel Introduction · Mr. David Dobson, Chief Technical Director, Ministry of Tourism, Jamaica. · Nicola Madden-Greig, President- Caribbean Hotel & Tourist Association. · Ms. Veronica Navas, Manager Upstream and Advisory for Manufacturing, Agribusiness and Services Industries, LCR and ECA. |
10: 25 a.m.
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Panel Discussion & Audience Q&A |
10:55 a.m. |
Event Closing
Closing Remarks and Key takeaways (moderator) |
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