{"id":12976,"date":"2023-03-21T06:27:26","date_gmt":"2023-03-21T06:27:26","guid":{"rendered":"http:\/\/qik.ety.mybluehost.me\/?p=12976"},"modified":"2024-06-19T05:46:09","modified_gmt":"2024-06-19T05:46:09","slug":"dr-delisle-worrell-slow-economic-growth-in-source-markets-not-impacting-caribbean-tourism","status":"publish","type":"post","link":"https:\/\/caribbeantourismauthority.com\/staging\/1605\/dr-delisle-worrell-slow-economic-growth-in-source-markets-not-impacting-caribbean-tourism\/","title":{"rendered":"Dr. DeLisle Worrell: Slow economic growth in source markets not impacting Caribbean tourism"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Former Governor of the Central Bank of Barbados, <\/span><b>Dr. DeLisle Worrell<\/b><span style=\"font-weight: 400;\">, believes that the growth prospects for Caribbean tourism remain strong despite the forecast of a slower growth rate for the United States in 2023.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The veteran economist explained that although the U.S., Canada, and the United Kingdom are significant sources of visitors to the Caribbean, fluctuations in their economic growth rates have little impact on the region&#8217;s tourism industry.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Penning an <\/span><b>\u201cEconomic Letter\u201d<\/b><span style=\"font-weight: 400;\"> on his website <\/span><a href=\"http:\/\/delisleworrell.com\/\"><b>DeLisleWorrell.com<\/b><\/a><span style=\"font-weight: 400;\">, entitled \u201cWhat really matters for Caribbean tourism growth\u201d, Dr. Worrell notes that factors that affect the level of visitor arrivals to the Caribbean include: the availability of accommodations, tourist spend, and the quality of attractions and services.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Other factors contributing to visitor demand for a Caribbean destination include <\/span><b>accessibility<\/b><span style=\"font-weight: 400;\"> from North America and Europe, for example, <\/span><b>modern airports<\/b><span style=\"font-weight: 400;\">, <\/span><b>efficient public services<\/b><span style=\"font-weight: 400;\">, <\/span><b>reliable infrastructure<\/b><span style=\"font-weight: 400;\">, and <\/span><b>stable local currency<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Dr. Worrell emphasized that in order to remain competitive, Caribbean destinations must maintain high levels of quality service and productivity.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cThe competitiveness of a small economy has nothing to do with price and everything to do with <\/span><b>quality<\/b><span style=\"font-weight: 400;\">, <\/span><b>service<\/b><span style=\"font-weight: 400;\"> and <\/span><b>productivity<\/b><span style=\"font-weight: 400;\">,\u201d he asserted.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cThe target markets to which the small economy sells are so large compared to what these economies produce that it is of no consequence to them whether those markets grow or shrink,\u201d he continued.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The former central bank governor underscores the importance of continued investment in the Caribbean tourism industry to ensure long-term growth and competitiveness.<\/span><\/p>\n<p><br style=\"font-weight: 400;\" \/><br style=\"font-weight: 400;\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Former Governor of the Central Bank of Barbados, Dr. DeLisle Worrell, believes that the growth prospects for Caribbean tourism remain strong despite the forecast of a slower growth rate for the United States in 2023. The veteran economist explained that although the U.S., Canada, and the United Kingdom are significant sources of visitors to the&hellip;<\/p>\n","protected":false},"author":1,"featured_media":14325,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[531],"tags":[],"class_list":["post-12976","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-destinations"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Dr. DeLisle Worrell: Slow economic growth in source markets not impacting Caribbean tourism - CTA Staging<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/caribbeantourismauthority.com\/staging\/1605\/dr-delisle-worrell-slow-economic-growth-in-source-markets-not-impacting-caribbean-tourism\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dr. DeLisle Worrell: Slow economic growth in source markets not impacting Caribbean tourism - CTA Staging\" \/>\n<meta property=\"og:description\" content=\"Former Governor of the Central Bank of Barbados, Dr. DeLisle Worrell, believes that the growth prospects for Caribbean tourism remain strong despite the forecast of a slower growth rate for the United States in 2023. 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