{"id":158683,"date":"2021-10-29T15:00:00","date_gmt":"2021-10-29T15:00:00","guid":{"rendered":"https:\/\/icrowdnewswire.com\/?p=2943110"},"modified":"2021-10-29T15:00:00","modified_gmt":"2021-10-29T15:00:00","slug":"caribbean-tourism-recovering-faster-than-any-other-region-in-the-world-47-gdp-increase-expected-in-2021","status":"publish","type":"post","link":"https:\/\/ipsnews.net\/business\/2021\/10\/29\/caribbean-tourism-recovering-faster-than-any-other-region-in-the-world-47-gdp-increase-expected-in-2021\/","title":{"rendered":"Caribbean Tourism Recovering Faster Than Any Other Region in the World, 47% GDP Increase Expected in 2021"},"content":{"rendered":"

Centers for Disease Control and Prevention\u00a0travel advisories, ever-changeable health protocols and limited vaccine access remain formidable barriers to international travel, but Caribbean visitors are substantially out-pacing any other region in the world. According to research<\/a> from the World Travel and Tourism Council (WTTC), the Caribbean\u2019s contribution to GDP is expected to rise more than 47 percent this year \u2013 an increase of an estimated $12 billion \u2013 compared to just 30.7 percent globally.<\/p>\n

The region\u2019s strong performance was driven by US travellers, as vacationers from the Caribbean\u2019s primary market totalled 4.3 million in the first half of this year, a 21.7 percent increase over 2020. \u201cAmericans are not only attracted to the various relaxation, diving and adventure incentives offered by Dominica but also its stability and investment potential,\u201d said Denise Charles, Dominica\u2019s Minister of Tourism, International Transport and Maritime Initiative. She also said that she expects tourism on the island and region to grow intensively in the coming years as the country\u2019s CBI funded international airport project wraps up.<\/p>\n

Aside from relaxed travel restrictions and low infection rates compared to other regions, the Caribbean is home to the world\u2019s best Citizenship by Investment (CBI) Programme<\/a> that harnesses a creative and powerful financial strategy for investors and the country that has transformed the tourism landscape. In 2021, the Financial Times\u2019 PWM magazine published the CBI Index<\/a> that ranked Dominica first out of 14 jurisdictions that offer similar programmes.<\/p>\n

Foreign investments collected from the real estate arm<\/a> of the Programme enables the island to expand its tourism product to include luxury accommodations. These include brands like the Kempinski, Hilton, Marriot and boutique hotels like the Jungle Bay and Secret Bay. The government fund option<\/a> of CBI meanwhile strengthens healthcare systems and creates jobs that bolster the economy. Those who pass Dominica\u2019s strict due diligence procedures and make a successful investment to either one of the options receive lifelong citizenship they can use to manage and grow their wealth, all while being able to live and work in the \u2018Nature Isle\u2019 freely.<\/p>\n

While CBI programmes have been prevalent in the Middle East and Asia, the last year witnessed a growing number of Americans enquire about CBI. This was primarily due to the US weakening passport, rumours of a potential wealth tax, economic and political uncertainty, and at one point, having the worlds highest cases of COVID-19. According to data provided by legal advisory CS Global Partners<\/a>, 2020 saw a 42 percent increase in interest in CBI from Americans, with a spike between March and August most likely linked to COVID-19 and the first waves of lockdowns in the US.<\/p>\n

\u201cConsidering needs of our American clients like\u00a0a nation\u2019s\u00a0proximity to the US, a strong currency and an island climate to die for,\u00a0no wonder so many Dominica is so popular,\u201d said the firm\u2019s CEO Micha Emmett.<\/p>\n

Tags: Tourism<\/a>, Dominica<\/a>, caribbean<\/a>, citizenship<\/a>, CBI index<\/a>, citizenship by investment<\/a> <\/p>\n

See Campaign: <\/strong>https:\/\/www.cbiu.gov.dm\/dominica-citizenship\/how-to-apply\/<\/a>
Contact Information:<\/b>
pr@csglobalpartners.com<\/a><\/p>\n

Tags:<\/b>
Menafn<\/a>, IPS<\/a>, Reportedtimes<\/a>, PR-Wirein<\/a>, ReleaseLive<\/a>, Financial Content<\/a>, Google News<\/a>, Extended Distribution<\/a>, iCN Internal Distribution<\/a>, English<\/a><\/p>\n<\/div>\n

\n

Contact Information:<\/h3>\n

pr@csglobalpartners.com<\/a><\/p>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Centers for Disease Control and Prevention travel advisories, ever-changeable health protocols and limited vaccine access remain formidable barriers to international travel, but Caribbean visitors are substantially out-pacing any other region in the world. 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