Tourism in the Caribbean to generate 34.6 trillion dollars in 2003

The World Travel and Tourism Council (WTTC) concluded that the current panorama shows that calm has returned to the Caribbean´s travel and tourism industry. It is expected that this year the sector will generate 34.6 trillion dollars of the total demand of the region´s economic activity.

According to the WTTC forecast in its latest report, "The Impact of Travel & Tourism on Jobs and the Economy", this figure will represent 3.7% of this year´s Gross Domestic Product (GDP) and 3% of the real demand´s growth.

The document also pointed out that in terms of employment the activity will generate 567,870 job posts, representing 3.7% of the Caribbean region´s labor market. In terms of investment capital, it is expected the sector will attract 22.3% compared to the other economic sectors, representing close to 7.6 trillion dollars for the economy.