The Positive Impact Of Tourism In The Cayman Islands

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In recent years tourism as evolved to be one of the largest sectors and the most dynamic area in the Cayman Islands. With that being said, the steady growth, development of infrastructures, foreign currency flows and the advancements of management techniques have all influenced the Island by contributing to its economic, environmental and socio- culture development. However, with all positive impacts of tourism in the Cayman Islands, there were numbers when tourists were visiting the island as fallen. Such negative effects were hurricanes as well as economic downturns, in which the Cayman Islands had little to no control over. Nevertheless, in all tourist destinations, including the Cayman Islands, there will be both positive and negative …show more content…

On the other hand, the high- end tourism industry is very crucial to the island, which accounts to around 30 percent GDP. Also, with the financial sector continues to develop new businesses and establish businesses continue to grow, this will enable employment opportunities for local people to be employed in the tourism industries. Furthermore, with approximately 120 different nations living and working in the Cayman Islands, this brings skilled labor, which is a positive in developing the Island, but as well as a negative factor due to the economic leakage. As I mentioned earlier, with the Cayman Islands economy continuing to improve its investment development and infrastructure spending to build new roads, improve Airport model are all ways in which to satisfy local and tourists’ …show more content…

With this in mind, “environmental preservation and improvement projects are now an integral part of many development strategies,” according to (Fletcher, Fyall, Gilbert, Wanhill, 2013, p. 176). Moreover, the environmental impact that associates itself with tourism can either be positive or negative. In fact, we cannot develop tourism without considering the impact that it will have on the environment. However, tourist destinations such as the Cayman Islands can correctly plan to manage tourism development to fulfill their positive impacts and minimize negative impacts. In regards to a positive environmental impact, is the National Trust of the Cayman Islands that preserve the historic buildings such as the East End Light House Park and the Walter Cemetery with much more on Island. With this protection of the natural environment and historic buildings that National Trust’s is preserving, will ensure that locals and tourists can view the Cayman Islands as a significant figure for

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