Curaçao's Tourism Sector Experiences Significant Growth and Transformation

What's Happening?

Curaçao's tourism industry has undergone a transformation, becoming a key economic driver following the closure of its petroleum refinery in 2018. The island has seen a shift from cruise-dependent tourism to a balanced mix of cruise and stopover visitors, with stopover tourists contributing more economically. Investments in the Curaçao International Airport and the expansion of international hotel brands have fueled this growth. The island welcomed 1.12 million visitors year-to-date through August, a 7% increase from the previous year. The lodging sector has evolved, with hotels now surpassing alternative accommodations as the preferred choice for visitors.

Why It's Important?

Tourism now accounts for 48% of Curaçao's GDP and supports over 20,000 jobs. The sector's growth has driven economic expansion, but it also presents challenges, such as the need for additional workers and infrastructure capacity. The shift towards stopover tourism is beneficial for local businesses, as these visitors tend to spend more on lodging, dining, and transportation. The entry of international hotel brands has increased the island's visibility and appeal, attracting more global travelers.

What's Next?

Curaçao is preparing for further growth with new hotel projects set to open in 2026, including the TUI Blue Curaçao and Pyrmont Curaçao, Autograph Collection. The government is conducting studies to manage tourism's impact on infrastructure and workforce. The upcoming Caribbean Hotel Investment Conference & Operations Summit (CHICOS) in November will further boost the island's profile and economy.

Beyond the Headlines

The rapid growth of tourism raises concerns about sustainability and cultural preservation. Local authorities are implementing work-study programs to train residents for tourism careers, ensuring the industry remains a positive force for economic development. The focus on sustainable practices and cultural identity will be crucial as Curaçao continues to attract international visitors.