![]() ![]() tropical rain forest, Puerto Rico’s tourism industry hasn’t been a powerhouse. “It’s a huge shift that’s bringing money right into the government coffers.”ĭespite being home to colonial architecture, powdery beaches and the only U.S. “For an island emerging out of bankruptcy, it’s a big deal to have that kind of tax revenue,” said Brad Dean, head of Discover Puerto Rico. Read More: Puerto Rico Bankruptcy-Exit Plan Offers Island a Fresh Start (1) territory, which is renegotiating its record-setting debt and will have to resume making millions in bond payments as soon as next year. The tax inflows, in particular, are critical to the U.S. That’s up 16% versus 2019, and more than double the 2020 figure, according to Discover Puerto Rico, its marketing organization. Passenger arrivals during the first 11 months of 2021 were at their highest since 2015, lodging revenue has surpassed $1 billion for the first time and the government has pulled in more than $80.4 million in tourism-related taxes. (Bloomberg) - While most of the travel market is still reeling from the Covid pandemic, Puerto Rico has found opportunity amid disaster: wooing tourists barred from more exotic destinations. ![]()
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