Puerto Rico Economic Pulse ©

August 2006: Is Puerto Rico Missing an Opportunity?

An overview of the worldwide boom of tourism

The outstanding growth of tourism has turned this industry into one of the most dynamic economic forces around the world. Modern tourism features a clear upward trend, backed by millions of people traveling throughout the world. A vast and novel array of tourist services and increasing competition among destinations lure more and more tourists every year and fuel the development of this sector. In addition, tourism has become an engine of growth and an important source of jobs in some developing countries. This issue reviews the amazing performance of tourism over the past years. We also analyze the current situation of this industry in Puerto Rico, its opportunities as well as the challenges ahead.