Purpose: One of the main factors that can impact the cost of holidays to a particular destination is the exchange rate; exchange rate fluctuations impact the overall price of the holiday and should be expected to effect tourism demand. This paper aims to scrutinize the volatility of the real...

Purpose – Since the decline of export agriculture and the loss of trade preferences, most Caribbean countries have shifted their economies towards the provision of tourism services. Barbados, for example, receives more than two‐thirds of its foreign exchange earnings from tourism. The...