In this policy brief, we examine the current tourism product in the CARICOM
member states with a particular focus on the economies that rely most on the
industry. The analysis shows that the tourism industry has steadily declined since
the 2008 financial crisis and the introduction of the Air Passenger Duty by a main
source market, the United Kingdom. Expanding the tourism source markets to
emerging economies could reduce the vulnerability of the sector and create
greater potential for value chains and increased trade with new commercial
partners.