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Is tourism the answer?
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The winter tourist season is a key revenue earning period for many Caribbean countries which rely heavily on tourism.
But the global financial slowdown is threatening to put a damper on the 2008/2009 peak season. Many hotels are offering special packages to tourists and in return, they are demanding relief measures from governments, some of which are being considered. Already there have been lay-offs in the sector and more are expected. From the Bahamas to Barbados, across the Caribbean governments are grappling with how best the 'save the season'.
Have too many countries in the region become too dependent on tourism? Who really controls the Caribbean's tourism industry? What other industry should the Caribbean consider? Is it too late to change?
What you had to say
In concept, tourism is also an implementation of the failed "trickle down" economic theory that is primarily responsible for
the economic meltdown currently facing the US, the Caribbean, and the rest of the world. Hoping the well-to-do will leave
some of their excess cash behind in the Caribbean when they come to have some fun in the sun is great; as extra income to
the local economy, but this should be the exception not the rule. It's time we break away from the colonial mentality still
deeply rooted in the minds of many islanders. It is time we become truly self-sufficient and look within for solutions, instead
of looking for handouts from the outside. The time has come to put self reliance and sustainability in the forefront of what
are the most important issues in the Caribbean today. Caribbean islands have definitely become too dependent on tourism to fuel their economies. The credit crunch should be a wake
up call for all. Diversifying into other activities would reduce the risk of economic doom. Given the friendly nature of our
people we could bid for call centre contracts. If India can do it, why can't we? It is evident that tourist industry is and always was a temporary solution. Just take a look at the construction of the hotels
themselves. A fifteen year depriciation is "plenty." The tourism industry is primarily dependent on external factors and as such is rather sensitive to international mishaps.
I believe funds, especially those allocated by national governments, should be redirected towards other areas such as agriculture,
sustainable manufacturing and technological and scientific development. An over-emphasis on tourism by the former British Caribbean colonies is a classic example of intellectual and social policy
failure. They inherited it from their parents' generation and continue with it as a matter of faith. The notion of diversifying is truly wonderful, but with the limited finance and the shortage of the tourism dollar(pound &
euro),that thought is fleeting in the wind. The Caribbean as Ja mentioned should have been looking at how to be as self sufficient
as possible. Working from South American to Bahamas, each country growing, making, manufacturing something where the Caribbean
nations don’t have to look outside of the region. Caribbean governments have over relied on tourism as a quick fix for economic growth. Some governments base their budget address
solely on the amount of cruise ship visits projected and the number of new hotel construction. This should be a wake-up call to all Caribbean countries which rely on tourism to diversify to other service industries that
are compatible with tourism. Otherwise they will be caught off guard whenever this occurs. The industry isn't really controlled
by us, however we can encourage & facilitate it with sustainable tourism incentives that targets different segments. We should
be looking at IT, software dev., financial services, reinsurance & agri & mari-culture to divesify the economy to its fullest.
Never too late, but the sooner the better I think the current economic downturn in the U.S. has definitely confirmed that tourism cannot continue to be the mainstay
of fragile island economies. We need to bolster this tourism business by investing in science and technology, producing more
jobs and making Caribbean countries less dependent on products that we might be able to produce for ourselves. Though it would be great for the region to diversify, towards what is the big question? Certainly I believe that we are by
no means an example of sustainable tourism, do not co-operate enough at a regional level and promote tourism for the region
in a vacuum. How many regions can boast of a foray into the Chinese market which is quite simply the next bastion of eager
tourists to be explored? We have never fully understood the link between air transportation and tourism and there is a high
degree of revenue leakage which means we do not benefit as much as we should. And we import too much food period. Who controls
it? No one, at a stretch it is controlled by overseas interests and that's one of the biggest problems. It is not too late
to change as it is imperative that we do. Diversification is the answer! Tourism is the life line of many Caribbean islands and a sudden change is just wishful thinking. The cottage industry, travel
agents, tours buses, taxis and entertainment fraternity link directly to the Tourism Sector which accounts for thousands of
jobs in the Caribbean. As a Jamaican, I am concerned with the downturn in tourist arrivals in the industry, the second highest
foreign exchange earner to remittances. God help us all! The Caribbean should now aim at a more balanced economic structure, with restoration of the status of agricultural production,
and introduction of educational services. |
LOCAL LINKS
Job losses in tourism industry20 November, 2008 | News
Global crisis hits Caribbean tourism14 November, 2008 | News
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