• JasSmith@kbin.social
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    1 year ago

    The article paints a grim picture of the loss of cruise tourism.

    The International Monetary Fund predicts a 6.2% drop in GDP in the Caribbean region this year due to the tourism collapse

    This is catastrophic.

    • letmesleep@feddit.de
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      1 year ago

      That was due to tourism collapsing because of Covid. It wasn’t about the cruise ships.

      The reason that getting rid of cruise ships tends to be good for the economy of places on land is that tourists can arrive by other means as well. It economics you’d say that cruise ships and all inclusive hotels are substitutes. You can pretty much replace one with the other and for the economy on land hotels are better.