The Impact of Tourism on Curacao's Economy: A Scenario Approach

Abstract

Curaçao is an autonomous countrywithin the Kingdom of the Netherlands. The governmentwants to support tourism development. However,various development strategies are possible. This articlepresents four scenarios of marketing and investmentstrategies that will affect the number of tourists fromThe Netherlands and North America (USA and Canada)in different ways. A multiplier model was used to calculatethe economic impacts of the four scenarios. Bydoing so, this article shows how the government’s decisionto support particular marketing and investmentstrategies may have certain outcomes for the number ofjobs in Curaçao’s tourism industry