Key Market Indicators
Belize is poised for a significant increase in tourist arrivals over the next five years. Projections indicate that the number of visitors will climb to approximately 2.24 million by 2028, up from around 1.89 million in 2023. This represents an average annual growth rate of 2.7%. Since 2000, the demand for tourism in Belize has shown a steady increase, growing at an average rate of 2.2% per year. In terms of revenue, Belizean tourism receipts are expected to reach roughly $50.6 million by 2028, up from approximately $47.4 million in 2023. This marks a compound annual growth rate (CAGR) of 1%. However, it's worth noting that since the turn of the millennium, the Belizean market has experienced a slight decline, falling by an average of 1.1% per year.
