LEADER 02437cam a22004095i 4500001 99131234618406421 005 20211122202010.0 006 m d 007 cr cn||||||||| 008 020129s2021 dcu o i00 0 eng^^ 024 7 10.1596/36410 |2doi 035 (CKB)4920000001213910 035 (The World Bank)36410 035 (US-djbf)36410 035 (EXLCZ)994920000001213910 040 DJBF |beng |cDJBF |erda 100 1 Erman, Alvina. 245 10 Resilience of the Caribbean Tourism Industry - New Evidence from a Firm Survey : |b360 Degree Resilience Background Paper / |cAlvina Erman. 246 Resilience of the Caribbean Tourism Industry - New Evidence from a Firm Survey 264 1 Washington, D.C. : |bThe World Bank, |c2021. 336 text |btxt |2rdacontent 337 computer |bc |2rdamedia 338 online resource |bcr |2rdacarrier 347 data file |2rda 490 1 Other papers. 520 3 Natural hazards, including hurricanes, floods and landslides, are a common phenomenon in the Caribbean, affecting both residents and private companies. Researchers estimate probability of Caribbean country to be hit by a natural hazard as 14% in any given year, making it one of the most vulnerable regions in the world. In recent years, several super storms have devastated the region, including Hurricane Maria, Hurricane Irma, Hurricane Matthew and Tropical Storm Dorian causing immense damages. The World Travel and Tourism Council ranks the Caribbean as the most tourism-dependent region relative to the contribution of travel and tourism to gross domestic product (GDP). The sector has grown continuously since the 1970s. Between 2080 and 1995 average annual growth in tourist arrivals was 5 percent. The growth continued for the following 15 years, but average annual growth slowed to 2.4 percent. Before the COVID-19 crisis, arrivals were expected to continue to grow but slower than international average. COVID-19 has completely changed the outlook for tourism, and it is still early to tell what recovery will look like as the crisis is still unfolding. 650 4 Climate Change Impacts 650 4 Coronavirus 650 4 COVID-19 650 4 Environment 650 4 Hazard Risk Management 650 4 Natural Disasters 650 4 Tourism and Ecotourism 650 4 Urban Development 700 1 Browne, Nyanya. 700 1 De Vries Robbe, Sophie Anne. 700 1 Solis Uehara, Carla. 830 0 Other papers. 830 0 World Bank e-Library. 906 BOOK