Tourism in Belize : ensuring sustained growth /

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Bibliographic Details
Author / Creator:Chow, Julian T. S., author.
Imprint:[Washington, D.C.] : International Monetary Fund, [2019]
©2019
Description:1 online resource (19 pages)
Language:English
Series:IMF Working Paper ; WP/19/267
IMF working paper ; WP/19/267.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/13513739
Hidden Bibliographic Details
Other authors / contributors:International Monetary Fund, issuing body.
ISBN:1513522949
9781513522944
Notes:Print version record.
Summary:Belize's tourism sector has witnessed impressive growth in recent years with overnight tourist arrivals registering double digit annual growth rates since 2016. To guide the development of the tourism sector from 2012 to 2030, the government endorsed a National Sustainable Tourism Master Plan in 2011, setting various initiatives and targets for the immediate and medium terms. Using a panel regression analysis on twelve Caribbean countries, this paper finds that accelerating structural reforms, fortifying governance frameworks, reducing crime, and mitigating the impact of natural disasters will help sustain tourism growth in Belize and contribute to economic well-being. This is in addition to tackling infrastructure bottlenecks and mitigating concerns relating to the "shared economy".
Other form:Print version: Chow, Julian T. Tourism in Belize: Ensuring Sustained Growth. Washington, D.C. : International Monetary Fund, ©2019 9781513521268

MARC

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505 0 |a Cover -- Contents -- Abstract -- I. Introduction -- II. How Has Tourism Evolved in Recent Years? -- III. What Are the Comparative Advantages and Challenges? -- IV. How Could Structural-Institutional Reforms Benefit Tourism and Belize's Economy? -- V. Conclusion and Policy Implications -- Appendix -- Appendix 1. National Sustainable Tourism Master Plan 2012-2030 
588 0 |a Print version record. 
520 3 |a Belize's tourism sector has witnessed impressive growth in recent years with overnight tourist arrivals registering double digit annual growth rates since 2016. To guide the development of the tourism sector from 2012 to 2030, the government endorsed a National Sustainable Tourism Master Plan in 2011, setting various initiatives and targets for the immediate and medium terms. Using a panel regression analysis on twelve Caribbean countries, this paper finds that accelerating structural reforms, fortifying governance frameworks, reducing crime, and mitigating the impact of natural disasters will help sustain tourism growth in Belize and contribute to economic well-being. This is in addition to tackling infrastructure bottlenecks and mitigating concerns relating to the "shared economy". 
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