One of the big questions following President Barack Obama’s decision to significantly expand U.S. tourism to Cuba will be how much it will affect other Caribbean tourism destinations such as the Dominican Republic, Jamaica or Cancun. Independent experts say Cancun will be among the most hurt.
According to a 2011 International Monetary Fund study called “The Vacation Is Over: Implications for the Caribbean of Opening U.S.–Cuba Tourism,” by former senior IMF economist Rafael Romeu, “the opening of Cuba to U.S. tourism would represent a seismic shift in the Caribbean’s tourism industry.”
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