June 2020 Economic and Financial Review

June 2020 Economic and Financial Review

MONTSERRAT

MONTSERRAT

Overview

number of stay-over arrivals, excursionists,

Preliminary data indicate that the

cruise ship and yacht passengers falling by

economy of Montserrat contracted in the

31.9 per cent, 75.8 per cent, 34.8 per cent

first half of 2020 in contrast to an

and 37.2 per cent, respectively. The largest

expansion observed over the comparable

reductions in stay-over arrivals were

period of 2019. This trend is expected to

observed for the Caribbean (52.2 per cent)

continue for the rest of the year, given the

and the United States of America (26.7 per

effects of the COVID-19 (SARS-CoV-2)

cent). The United Kingdom market also saw

pandemic, which has negatively impacted

a decline of 10.7 per cent.

the tourism industry and ancillary sectors.

Montserrat Visitor Arrivals

Thousands

5.0

Real Sector Developments

4.0

Value added in the hotels and restaurants

3.0

sector declined in the first half of the year

2.0

compared with the same period of 2019.

1.0

0.0

This development was driven by a 37.8 per

18 Q1 18 Q2 18 Q3 18 Q4 19 Q1 19 Q2 19 Q3 19 Q4 20 Q1 20 Q2

Stay-overs Cruise Ship Passengers

Yacht Passengers Excursionists

cent contraction in the total number of

visitors to 7,847. All four segments of

visitors posted large declines, with the

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