Caribbean & Central America Market Report

By Daniel Stockhammer on June 11, 2023

Caribbean & Central America

Horwath HTL Dominican Republic and Crowe Costa Rica have released the latest market report for the Caribbean and Central America.

The Caribbean and Central America combined make up around 92 million inhabitants and a GDP of approximately US$1.08 trillion. With a contribution of an estimated 15% and 12%, both regions have the highest share of the tourism sector to total GDP. 

In 2022, the Caribbean was the third most successful of all Worldwide regions or subregions to match 2019 visitor arrivals and even topped this during the first half of 2023, while Central America has experienced one of the fastest sector growths among American regions in the last 20 years.  

Daniel Stockhammer

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Daniel Stockhammer