Enhancing Air Transport Resilience in the Caribbean
The lack of land connectivity among the Caribbean Island nations and the growing significance of the tourism sector as a key economic pillar have underscored the importance of improved air connectivity for economic growth and shared prosperity in the region. On average, tourism's contribution to the gross domestic product (GDP) for the region rose from 12 percent in 2011 to 15.2 percent in 2017, accounting for 4.3 percent of the jobs (CIA, The World FactBook). Almost half these contributions can be traced to capital investments in the travel and tourism industry, while one-third is linked to tourism-related service industries. Overall, Caribbean origin and destination air passenger traffic grew by 50 percent between 2007 and 2017, from approximately 40 million to nearly 60 million passengers annually. However, intra-regional passenger traffic remained flat and declined in some countries, including in Grenada, Dominica, and Saint Lucia. While post-2017 regionwide data is limited, evidence indicates that these trends persist
Year of publication: |
2023
|
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Institutions: | World Bank Group |
Publisher: |
Washington, D.C : The World Bank |
Subject: | Luftverkehr | Air transport | Karibischer Raum | Caribbean countries |
Saved in:
Online Resource
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