Taxing tourism degrades competitiveness of the industry

Caribbean nations have been relatively slow to recognise that long-term structural changes taking place in tourism require a new and strategic vision for a sector that many industry professionals in the region regard as underperforming.

Over the last two decades competition for visitors has become global, the nature of the tourism demand and the product has diversified, and the Caribbean has become just one of many warm weather destinations.  Moreover, the countries in the world which are growing fastest and whose citizens