Tourism In Belize: Ensuring Sustained Growth
IMF Working Papers, December 6, 2019
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- Tourism In Belize: Ensuring Sustained Growth
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Bibliographic details
- Authors: Julian T Chow
- Published: December 6, 2019
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781513521268.001
Summary
- Belize’s tourism sector experienced "double digit annual growth rates" in overnight tourist arrivals since 2016.
- The government endorsed a National Sustainable Tourism Master Plan in 2011 to guide development from 2012 to 2030, setting initiatives and targets for the immediate and medium terms.
- A panel regression analysis on twelve Caribbean countries is the empirical basis for the paper's conclusions.
Key findings (empirical)
- Panel regression analysis across twelve Caribbean countries indicates that the following factors will help sustain tourism growth in Belize and contribute to economic well‑being:
- Accelerating structural reforms.
- Fortifying governance frameworks.
- Reducing crime.
- Mitigating the impact of natural disasters.
- Addressing infrastructure bottlenecks is identified as an additional necessary action.
- Mitigating concerns relating to the “shared economy” is also highlighted as important for sustaining tourism growth.
Policy recommendations
- Accelerate structural reforms to support tourism-sector expansion.
- Strengthen governance frameworks to improve outcomes for the tourism sector.
- Implement measures to reduce crime to enhance tourism competitiveness and safety perceptions.
- Enhance disaster-mitigation and resilience measures to limit negative impacts from natural disasters on tourism.
- Tackle infrastructure bottlenecks that constrain tourism growth and visitor experience.
- Address regulatory and policy concerns related to the “shared economy” to ensure sustainable sector development.
Subject and keywords
- Subject: Crime, Economic sectors, Education, Environment, Infrastructure, National accounts, Natural disasters, Tourism
- Keywords: Belize, Caribbean, Central America, cruise tourism expenditure, Infrastructure, Natural disasters, sub, Tourism, tourism Arrivals, tourism competitiveness, tourism destination, tourism indicators performance, tourism sector, tourism value chain, WP
Julian T Chow. "Tourism In Belize: Ensuring Sustained Growth", IMF Working Papers 2019, 267 (2019), accessed 9/18/2026, https://doi.org/10.5089/9781513521268.001
Content in this bundle
- Working Paper