Tuesday, October 13, 2020
As the English-speaking Caribbean countries attempt to reopen their economies in the aftermath of the initial COVID-19-related lockdown, policymakers, business leaders and think tanks are considering how the tourism and hospitality sectors can re-emerge and retain their vital role. There is some complacency that the crisis will soon end and normality will return, but others believe the situation provides an opportunity to enact change.
- The Caribbean’s near-term recovery will depend to a large extent on international events rather than domestic policy choices.
- The near-term recession is likely to see a rise in insecurity and social pressures that governments will struggle to meet.
- A longer-term shift towards under-exploited segments such as eco-tourism could boost sustainability.