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

Economic Commission for  Latin America and the Caribbean (ECLAC) in Santiago; ECLAC subregional headquarters for the Caribbean; under the coordination of Nanno  Mulder: Dillon Alleyne, Claudio Aravena, Nicole Bidegain Ponte, Martha Cordero, Claudia De Camino,  Olaf De Groot, Lydia Rosa Gény, Camila Gramkow, Michael Hendrickson, Jorge Mario Martínez, Sheldon McLean,  Javier Meneses, Carlos Mussi Fialho, Maria Alejandra Ovalle, Machel Pantin, Leda Beatriz Peralta Quesada,  Gabriel Pérez-Salas, Ramón Pineda, Ricardo Sánchez, Nyasha Skerrette and Hidenobu Tokuda.; ECLAC subregional headquarters in Mexico and the ECLAC office in Brasilia

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

Economic Commission for Latin America and the Caribbean (ECLAC) in Santiago; ECLAC subregional headquarters for the Caribbean; under the coordination of Nanno Mulder: Dillon Alleyne, Claudio Aravena, Nicole Bidegain Ponte, Martha Cordero, Claudia De Camino, Olaf De Groot, Lydia Rosa Gény, Camila Gramkow, Michael Hendrickson, Jorge Mario Martínez, Sheldon McLean, Javier Meneses, Carlos Mussi Fialho, Maria Alejandra Ovalle, Machel Pantin, Leda Beatriz Peralta Quesada, Gabriel Pérez-Salas, Ramón Pineda, Ricardo Sánchez, Nyasha Skerrette and Hidenobu Tokuda.; ECLAC subregional headquarters in Mexico and the ECLAC office in Brasilia

URI: http://tcmih.ku.ac.ke/handle/123456789/201

Date: 2020

Abstract:

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

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