Caribbean tourism collapse 2020

Caribbean tourism remains near-zero as emergency economic financing is deployed across the region. The Dominican Republic is planning its July 1 border reopening as other destinations remain closed. Guyana’s oil production continues to provide a rare bright spot in an otherwise bleak regional picture.

The Caribbean faces its deepest economic crisis as nearly all hotels remain closed, hundreds of thousands are unemployed, and the Atlantic hurricane season opens on June 1 — adding catastrophic weather risk to an already unprecedented pandemic emergency.

The Caribbean faces an historic economic emergency with total tourism collapse, WTI oil prices briefly going negative on April 20, and GDP forecast to contract 10-15%. All property transactions are frozen as governments scramble with emergency food security and worker support.