Aided by easier and cheaper travel, global tourism has experienced two decades of almost uninterrupted growth. According to the World Bank, the number of international departures more than doubled between 1997 and 2017, from 687m to 1.6bn per annum. With the global middle class estimated by the US-based think tank Brookings Institution to be...
As visitor numbers at Machu Picchu reach saturation, Peru is working to attract travellers with offerings beyond its most-popular site. Indeed, the goal of the Peru Travel Mart industry fair in May 2019 is to strengthen the country’s position as an adventure and nature tourism destination, while driving the development of segments such as...
Countries and regions across the world have long understood the potential of the MICE segment as a vehicle to drive high-value tourism and economic development. In recent decades this has led to significant investment, with nations working to position themselves as centres for the industry, both regionally and globally, aided by greater air...
Sports tourism has been identified by both the current and previous governments as a potentially lucrative niche market in which Trinidad & Tobago has a distinct competitive advantage. In addition to already regularly hosting an array of athletic activities, including golf, yachting, boating, cricket, horse racing, powerboat racing, tennis...
The Caribbean region has been a hotspot for global tourism since the 1920s, with over 100,000 people visiting the region in the year before the start of the Second World War. Throughout the 20th century Trinidad and Tobago has traditionally relied on hydrocarbons revenues as the primary source of economic growth; however, declining oil prices...
Aided by the country’s natural resources, a strategic geographic location outside the hurricane belt and growing global cruise demand, Trinidad and Tobago’s cruise segment is set gain new importance in coming years. Popular cruise destinations in the Caribbean, including the Bahamas, Dominica, the British Virgin Islands and Sint Maarten...
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