Resilience of the Caribbean Tourism Industry - New Evidence from a Firm Survey : 360° Resilience Background Paper

Natural hazards, including hurricanes, floods and landslides, are a common phenomenon in the Caribbean, affecting both residents and private companies. Researchers estimate probability of Caribbean country to be hit by a natural hazard as 14% in any given year, making it one of the most vulnerable r...

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Main Authors:	Erman, Alvina, De Vries Robbe, Sophie Anne, Browne, Nyanya, Solis Uehara, Carla
Format:	Working Paper
Language:	English
Published:	World Bank, Washington, DC 2021
Subjects:	NATURAL DISASTER RISK WATER INFRASTRUCTURE ENERGY INFRASTRUCTURE INFRASTRUCTURE RESILIENCE SUPPLY CHAIN CLIMATE CHANGE IMPACT TOURISM DISASTER PREPAREDNESS RECOVERY COVID-19 CORONAVIRUS PANDEMIC IMPACT ASSET LOSS INDIRECT IMPACT
Online Access:	http://documents.worldbank.org/curated/undefined/599401635337080916/360-Resilience-A-Guide-to-Prepare-the-Caribbean-for-a-New-Generation-of-Shocks-Resilience-of-the-Caribbean-Tourism-Industry http://hdl.handle.net/10986/36410

id	okr-10986-36410
recordtype	oai_dc
spelling	okr-10986-364102021-10-30T09:22:52Z Resilience of the Caribbean Tourism Industry - New Evidence from a Firm Survey : 360° Resilience Background Paper Erman, Alvina De Vries Robbe, Sophie Anne Browne, Nyanya Solis Uehara, Carla NATURAL DISASTER RISK WATER INFRASTRUCTURE ENERGY INFRASTRUCTURE INFRASTRUCTURE RESILIENCE SUPPLY CHAIN CLIMATE CHANGE IMPACT TOURISM DISASTER PREPAREDNESS RECOVERY COVID-19 CORONAVIRUS PANDEMIC IMPACT ASSET LOSS INDIRECT IMPACT Natural hazards, including hurricanes, floods and landslides, are a common phenomenon in the Caribbean, affecting both residents and private companies. Researchers estimate probability of Caribbean country to be hit by a natural hazard as 14% in any given year, making it one of the most vulnerable regions in the world. In recent years, several super storms have devastated the region, including Hurricane Maria, Hurricane Irma, Hurricane Matthew and Tropical Storm Dorian causing immense damages. The World Travel and Tourism Council ranks the Caribbean as the most tourism-dependent region relative to the contribution of travel and tourism to gross domestic product (GDP). The sector has grown continuously since the 1970s. Between 2080 and 1995 average annual growth in tourist arrivals was 5 percent. The growth continued for the following 15 years, but average annual growth slowed to 2.4 percent. Before the COVID-19 crisis, arrivals were expected to continue to grow but slower than international average. COVID-19 has completely changed the outlook for tourism, and it is still early to tell what recovery will look like as the crisis is still unfolding. 2021-10-27T15:54:36Z 2021-10-27T15:54:36Z 2021-10-01 Working Paper http://documents.worldbank.org/curated/undefined/599401635337080916/360-Resilience-A-Guide-to-Prepare-the-Caribbean-for-a-New-Generation-of-Shocks-Resilience-of-the-Caribbean-Tourism-Industry http://hdl.handle.net/10986/36410 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Working Paper Latin America & Caribbean Caribbean
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	NATURAL DISASTER RISK WATER INFRASTRUCTURE ENERGY INFRASTRUCTURE INFRASTRUCTURE RESILIENCE SUPPLY CHAIN CLIMATE CHANGE IMPACT TOURISM DISASTER PREPAREDNESS RECOVERY COVID-19 CORONAVIRUS PANDEMIC IMPACT ASSET LOSS INDIRECT IMPACT
spellingShingle	NATURAL DISASTER RISK WATER INFRASTRUCTURE ENERGY INFRASTRUCTURE INFRASTRUCTURE RESILIENCE SUPPLY CHAIN CLIMATE CHANGE IMPACT TOURISM DISASTER PREPAREDNESS RECOVERY COVID-19 CORONAVIRUS PANDEMIC IMPACT ASSET LOSS INDIRECT IMPACT Erman, Alvina De Vries Robbe, Sophie Anne Browne, Nyanya Solis Uehara, Carla Resilience of the Caribbean Tourism Industry - New Evidence from a Firm Survey : 360° Resilience Background Paper
geographic_facet	Latin America & Caribbean Caribbean
description	Natural hazards, including hurricanes, floods and landslides, are a common phenomenon in the Caribbean, affecting both residents and private companies. Researchers estimate probability of Caribbean country to be hit by a natural hazard as 14% in any given year, making it one of the most vulnerable regions in the world. In recent years, several super storms have devastated the region, including Hurricane Maria, Hurricane Irma, Hurricane Matthew and Tropical Storm Dorian causing immense damages. The World Travel and Tourism Council ranks the Caribbean as the most tourism-dependent region relative to the contribution of travel and tourism to gross domestic product (GDP). The sector has grown continuously since the 1970s. Between 2080 and 1995 average annual growth in tourist arrivals was 5 percent. The growth continued for the following 15 years, but average annual growth slowed to 2.4 percent. Before the COVID-19 crisis, arrivals were expected to continue to grow but slower than international average. COVID-19 has completely changed the outlook for tourism, and it is still early to tell what recovery will look like as the crisis is still unfolding.
format	Working Paper
author	Erman, Alvina De Vries Robbe, Sophie Anne Browne, Nyanya Solis Uehara, Carla
author_facet	Erman, Alvina De Vries Robbe, Sophie Anne Browne, Nyanya Solis Uehara, Carla
author_sort	Erman, Alvina
title	Resilience of the Caribbean Tourism Industry - New Evidence from a Firm Survey : 360° Resilience Background Paper
title_short	Resilience of the Caribbean Tourism Industry - New Evidence from a Firm Survey : 360° Resilience Background Paper
title_full	Resilience of the Caribbean Tourism Industry - New Evidence from a Firm Survey : 360° Resilience Background Paper
title_fullStr	Resilience of the Caribbean Tourism Industry - New Evidence from a Firm Survey : 360° Resilience Background Paper
title_full_unstemmed	Resilience of the Caribbean Tourism Industry - New Evidence from a Firm Survey : 360° Resilience Background Paper
title_sort	resilience of the caribbean tourism industry - new evidence from a firm survey : 360° resilience background paper
publisher	World Bank, Washington, DC
publishDate	2021
url	http://documents.worldbank.org/curated/undefined/599401635337080916/360-Resilience-A-Guide-to-Prepare-the-Caribbean-for-a-New-Generation-of-Shocks-Resilience-of-the-Caribbean-Tourism-Industry http://hdl.handle.net/10986/36410
_version_	1764485187518857216

Resilience of the Caribbean Tourism Industry - New Evidence from a Firm Survey : 360° Resilience Background Paper

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