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Tourism in Belize: Options to Tax and Regulate the Home-Sharing Sector

The tourism and hospitality sectors are among the hardest hit by the outbreak of COVID-19, which has impacted both travel supply and demand. The World Travel and Tourism Council (WTTC) estimates that tourism constituted 45% of the GDP, 40% of total employment, and 42% of total exports in Belize last year. Given this heavy dependence on tourism, Belize’s economy will be one of the world’s tourism-dependent economies most affected by the pandemic. Apart from its immediate impact on employment, the unparalleled shock of COVID-19 in the tourism industry will have wide-reaching implications, including on the fiscal front.

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