It's official: Caribbean tourism industry prepares for the future

Caribbean nations are facing their biggest shock in at least a century as tourism slumps amid the coronavirus pandemic, according to Marla Dukharan, an independent Barbados-based economist. Tourism accounts for between 34% and 48% of gross domestic product in The Bahamas, Barbados, and Jamaica, according to data from the Inter-American Development Bank. Even under the most optimistic scenario, the region will lose about 50% of its tourist revenue this year, wrote Dukharan, who was formerly a Caribbean economist at the Royal Bank of Canada. Source: Bloomberg