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- Caribbean is the most tourism dependent region in the world
- Gross tourism revenues greater than 33% of exports
- Estimated tourism employment at 2mm and more than 50% of labor force in some areas
- 3,000 properties and more than 300,000 hotel rooms with 80% of inventory independent assets
- Tourism is the primary foreign exchange earner exceeding traditional production sectors
- Estimated arrivals at near 30mm via air in 2022 (equivalent to 23mm in 2007)
- U.S. consumers make up close to 15mm visitors versus just under 5mm from Europe
- Cruise Arrivals at 30mm in 2019 up from 1mm in 1970
- Total tourism spending at more than $35 billion in 2022 (up from $27 Billion in 2007)
- More than $5 billion in capital investment in 2020
- Positive Long Term Fundamentals
- Proximity to United States
- Introduction of Low Cost Carriers
- Regional Stimulus Packages
- Relative value of vacation versus Asia and Europe
- Perception of Caribbean as safe and stable region
