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Zika Will Take A $664 Million Bite Out Of Cuban Tourism, World Bank Estimates | Zika Cuba
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    FEB 19, 2016 @ 03:33 PM

    Zika Will Take A $664 Million Bite Out Of Cuban Tourism, World Bank
    Estimates
    Emily Canal
    FORBES STAFF

    Mexico and Cuba are the two countries with the most to lose in terms of
    short-term economic costs
    That’s a hefty price for Cuba, which has seen an influx of American
    travelers in the last year and could expect even more
    As concerns mount over Zika and its potential link to microcephaly birth
    defects in babies, the World Bank estimates Latin America and the
    Caribbean will suffer a staggering $3.5 billion economic loss due to the
    virus this year .

    The economic impact will be driven by people avoiding travel to the
    areas with Zika, according to the Feb. 18 report. The loss of tourism
    revenue will come primarily from personal trips or vacations rather than
    business trips. The report comes after the bank made $150 million
    available towards fighting Zika earlier this week, an amount almost
    triple what the World Health Organization said it needed to combat the
    disease.

    Mexico and Cuba are the two countries with the most to lose in terms of
    short-term economic costs , according to the report. The World Bank
    estimates Mexico will lose $744 million and Cuba will lose $664 million,
    or .86% of the island’s GDP. Cuba’s share of the total loss to the
    region works out to be about 19%

    The Caribbean country is not a member of the World Bank and the numbers
    in the report are estimates based off data from the World Tourism
    Organization, Yanina Budkin, the lead communications officer of the
    World Bank, told FORBES in an email. Missing figures like the
    expenditures of inbound travelers were estimated using similar countries.

    That’s a hefty price for Cuba, which has seen an influx of American
    travelers in the last year and could expect even more as President
    Barack Obama continues to ease restrictions and legalizes direct
    commercial flights to the island.

    Source: Zika Will Take A $664 Million Bite Out Of Cuban Tourism, World
    Bank Estimates – Forbes –
    www.forbes.com/sites/emilycanal/2016/02/19/zika-will-take-a-664-million-bite-out-of-cuban-tourism-world-bank-estimates/#1d7440e55ab0

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