World Hurricanes cost Caribbean tourism more than $700 mn: report

08:56  15 may  2018
08:56  15 may  2018 Source:

U.S. weekly jobless claims hover near 48-year low

  U.S. weekly jobless claims hover near 48-year low New applications for U.S. unemployment benefits unexpectedly held near more than a 48-year low last week, pointing to a further tightening of labor market conditions. Initial claims for state unemployment benefits were unchanged at a seasonally adjusted 211,000 for the week ended May 5, the Labor Department said on Thursday. Claims dropped to 209,000 during the week ended April 21, which was the lowest level since December 1969.Economists polled by Reuters had forecast claims rising to 218,000 in the latest week.

WASHINGTON (TVR) – The devastating 2017 hurricane season cost Caribbean tourism nearly three-quarters of a billion dollars and more than 800,000 visitors, a new report finds. -–>EVENT: Improve Work-Life Balance with Travel Talk Events.

Welcome to Caribbean Comeback, in which TPG shines a post- hurricane , pre-season spotlight on the region. Stay tuned for more stories throughout the week, and be sure to St. Martin-Sint Maarten is also among the islands the Caribbean Tourism Recovery Fund has prioritized for assistance.

In August and September of 2017, the Caribbean was devastated by two fierce hurricanes © Provided by AFP In August and September of 2017, the Caribbean was devastated by two fierce hurricanes

The tourism industry in the Caribbean region attracted almost one million fewer visitors after hurricanes Irma and Maria hit last year, costing it over $700 million, according to an industry study released Monday.

"The hurricane season resulted in an estimated (loss) in 2017 of 826,100 visitors to the Caribbean, compared to pre-hurricane forecasts," said the report by the London-based World Travel & Tourism Council.

Those tourists could have spent $741 million and sustained more than 11,000 jobs, it said.

Now You Can Train to Be an Astronaut on Your Smartphone

  Now You Can Train to Be an Astronaut on Your Smartphone Oh, and if you're good enough, Space Nation will send you to space.Space Nation, a Finnish space tourism startup, recently launched Space Nation Navigator, which the company touts as the first astronaut training app in the world. The app aims to train future space travelers using games, quizzes, and fitness challenges that fall into three categories: "body," "mind," and "social.

Hurricane season has battered Caribbean islands – here’s how much it will cost their tourism industries. Show Hide image. As well, the industry provides around 19, 700 jobs to Antigua & Barbuda’s residents.

Annual Community Report . News, Media & Videos. Board of Directors. In the wake of Hurricanes Irma and Maria, many are left not only without a home—but without work too. Checks can be made payable to Caribbean Tourism Recovery Fund c/o Tourism Cares, 20 Vernon Street, Norwood, MA

With their turquoise waters and coral reefs, Caribbean island destinations rely heavily on tourism, which provides 15.2 percent of the region's gross domestic product and sustains 14 percent of its labor force, according to the report.

Worldwide, the average contribution of tourism to GDP is 10.4 percent.

In August and September of 2017, the Caribbean was devastated by two of the fiercest hurricanes ever recorded on the islands.

Irma and Maria left a trail of destruction in Barbuda, St Martin/Sint Maarten, St Barts, Anguilla, Cuba, Dominica and the US territories of Puerto Rico and the Virgin Islands.

Barbuda, Dominica and Puerto Rico were among the worst hit and are still recovering, but the loss of tourism in the Caribbean also affected islands that were not hit directly by the hurricanes.

That is because there is "a misconception on the part of the public that the entire Caribbean was hit by storms," ​​the report said. But, "more than two thirds of the destinations in the Caribbean were not physically affected."

Still, recovery of the tourism sector to pre-hurricane levels could take four years, the group warned.

The Atlantic hurricane season starts June 1 and stretches through November 30.

Las Vegas strike would have far-reaching effect .
What happens in Vegas might not stay in Vegas. If members of the union that includes hotel and food workers don't show up to work, it could cost the destination millions and lead to travel woes for anyone taking a vacation or business trip to Sin City. It could also send casinos looking for temporary workers amid low unemployment rates.


—   Share news in the SOC. Networks

Topical videos:

This is interesting!