Puerto Rico, a beautiful island located in the Caribbean Sea, is a popular tourist destination. The island is known for its pristine beaches, vibrant culture, and rich history.
But how much does tourism contribute to Puerto Rico’s economy? Let’s take a closer look.
Tourism Industry in Puerto Rico
The tourism industry plays a significant role in Puerto Rico’s economy. According to the World Travel and Tourism Council (WTTC), tourism contributes around 7% of Puerto Rico’s GDP. This makes it one of the most important sectors in the country.
Employment Opportunities
Tourism also provides employment opportunities for many Puerto Ricans. The industry employs around 77,000 people directly and indirectly. These jobs are essential to the local economy as they provide income for many families.
Tax Revenue
Tourism also generates tax revenue for the government of Puerto Rico. The taxes collected from hotels, restaurants, and other tourism-related businesses help fund public services such as education and healthcare.
Impact of Natural Disasters
In recent years, Puerto Rico has faced natural disasters such as hurricanes and earthquakes that have had a significant impact on its tourism industry. In 2017, Hurricane Maria caused extensive damage to the island’s infrastructure and led to a decline in tourist arrivals.
However, the island has shown resilience and has been working towards recovering its tourism industry. In 2019, Puerto Rico saw an increase in tourist arrivals compared to the previous year.
Conclusion
In conclusion, tourism plays an essential role in Puerto Rico’s economy. It provides employment opportunities for many locals and generates tax revenue for the government. While natural disasters can have a significant impact on the industry, it remains a crucial sector that contributes significantly to the country’s GDP.
Sources: