TTC Special: World Tourism: A new bonanza approaching?

TTC Special: World Tourism: A new bonanza approaching? By Frank Martin A lucky number for world tourism may be 2023. In the  current year worldwide sector approaches the "peak" it reached in 2019, recovering step by step to the about 95% of the serious collapse caused by the pandemic. The analysis is from the World Travel and Tourism Council (WTTC) which is based on an optimism that has been growing more and more rapidly since 2022 when the branch recovered no less than 22 million jobs. Statistics are crushing any tendency to pessimism. The forecast for the year to date is impressive: the sector is projected to reach $9.5 trillion, just 5% below pre-pandemic levels in 2019, when travel was at its highest. There are also 34 countries that have already exceeded 2019 levels. Another prediction with firm foundations for 2023 is that employment in the world tourism industry will have [...]

By |2023-04-28T18:55:59-04:0029 de April de 2023|Outstanding news, Specials|0 Comments

It’s official: Cuba recognize, regulate cryptocurrency

The announcement comes as the popularity of cryptocurrency has grown in Cuba among some technologically savvy groups, as it has become increasingly difficult to send and use US dollars on the island

By |2021-09-26T04:23:08-04:0026 de September de 2021|Business, Outstanding news|0 Comments

Tourism driving Jamaica’s economic recovery since reopening

Since its reopening in June 2020, the tourism sector has been driving the economic recovery of Jamaica’s economy, through a steady increase in arrivals and tourism earnings

By |2021-06-28T18:05:31-04:0028 de June de 2021|Outstanding news, Tourism|0 Comments

Point of View: Cuban economy in the face of COVID-19

Economic forecasts have become outdated in a matter of two months. The modification of the scenario has been so abrupt that international organizations and specialized entities only now begin to modify their forecasts. All forecasts should be taken with caution, because the uncertainty is very high.

By |2020-04-18T01:46:14-04:0018 de April de 2020|Business|0 Comments

Dominica was the fastest growing economy in the entire Latin America and the Caribbean region

Photo: Simon Dannhauer A new report by the Economic Commission for Latin America and the Caribbean (ECLAC) from the United Nations indicates that the Commonwealth of Dominica was the fastest growing economy in the entire Latin America and the Caribbean region in 2019. The island's GDP is said to have jumped up by 9%, attributed to Citizenship by Investment (CBI), soaring tourism numbers and public sector construction. Foreign investors sought to obtain second citizenship from Dominica through the CBI Programme, choosing to either make a minimum US$100,000 contribution to a government fund or invest in pre-approved real estate, such as luxury resorts and boutique hotels. Some reasons driving investors' trust are linked to them seeking to belong to a stable democracy with great diplomatic relations, a trustworthy business environment and a promising economic future. Importantly, Dominica's CBI Programme is considered the best in the world, employing reliable due diligence [...]

By |2020-01-25T16:57:50-04:0025 de January de 2020|Business|0 Comments
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