Unlocking Tourism Potential for Sustainable and Inclusive Growth in Dominica

By Yibin Mu, Sinem Kiliç Çelik, Archit Singhal

August 11, 2023

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Format: Chicago

Yibin Mu, Sinem Kiliç Çelik, and Archit Singhal. Unlocking Tourism Potential for Sustainable and Inclusive Growth in Dominica, (USA: International Monetary Fund, 2023) accessed November 21, 2024

Summary

Tourism is an important driver of Dominica’s economy. The damage of the pandemic on Dominica’s tourism sector was severer than in most regional peers, and the recovery has also been much slower, mostly due to the timing of lockdown restrictions. This paper reviews the tourism sector landscape in Dominica, assesses its recent performance relative to peers, and analyzes the main determinants and constraints for tourism development. Our econometric analysis shows that flight connectivity and demand variables play the most significant role in explaining tourism developments, while natural disasters can have negative lasting significant impacts. This calls for improving infrastructure and enhancing resilience.

Subject: COVID-19, Economic growth, Economic sectors, Environment, Health, Inclusive growth, Income, International organization, Monetary policy, National accounts, Natural disasters, Tourism

Keywords: Caribbean, Caribbean states, COVID-19, Demand variable, Dominica's economy, Inclusive growth, Income, Island economy, Natural disasters, Stringency index, Tourism, Tourism development, Tourism sector

Publication Details

Pages:

15
Volume:

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DOI:

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Issue:

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Series:

Selected Issues Paper No. 2023/061
Stock No:

SIPEA2023061
ISBN:

9798400251771
ISSN:

2958-7875

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