The CoStar Belize Hospitality Report is a market intelligence and tourism investment report focused on Belize’s hotel, resort, and short-term rental industry. It combines hospitality performance data, tourism trends, and real estate investment analysis to help investors, developers, hotel operators, and real estate professionals understand the Belize tourism market. The report is prepared using CoStar/STR hospitality analytics alongside Belize tourism and real estate market data.
What CoStar/STR Is
CoStar Group owns STR, one of the world’s leading hotel data and benchmarking platforms. STR tracks hotel occupancy, ADR (Average Daily Rate), RevPAR (Revenue Per Available Room), supply, demand, and performance metrics across global hospitality markets.
Key Findings in Dustin Rennie CoStar Report
Belize has over 347 hospitality properties and approximately 7,500 hotel rooms
The market continues transitioning toward higher-end luxury and boutique resort development
Tourism growth is driving demand for beachfront real estate, Airbnb investments, condo hotels, and mixed-use resort communities
Belize benefits from a “low-density luxury” positioning that appeals to affluent travelers seeking authentic, nature-based experiences
The report is particularly valuable because Belize historically lacked reliable institutional hospitality data. CoStar/STR reporting helps quantify the tourism economy using globally recognized hotel performance metrics.
Tourism is one of Belize’s largest economic sectors and a major driver of GDP and employment. Government and industry organizations continue prioritizing tourism growth and infrastructure expansion.
You can see information from the data report below;
The CoStar Belize Hospitality Report is a licensed hospitality market intelligence report produced using CoStar/STR data and Belize tourism real estate analytics. The report provides institutional-grade insights into Belize’s hotel, resort, vacation rental, and tourism investment market, helping investors, developers, hotel operators, and real estate professionals better understand hospitality performance and growth opportunities in Belize.
The report is distributed under a licensed CoStar/STR data agreement and includes analysis of:
Hotel occupancy trends
Average Daily Rate (ADR)
Revenue Per Available Room (RevPAR)
Tourism demand
Resort development activity
Vacation rental performance
Luxury hospitality growth
Regional investment opportunities
The Belize Hospitality Report highlights Belize’s emergence as a growing luxury and eco-tourism destination, supported by increasing international arrivals, branded resort developments, expanding airlift, and rising real estate investment activity.
Why the Report Matters
The report is useful because Belize historically lacked institutional-grade hospitality data. CoStar/STR-style reporting gives:
Investors measurable performance metrics
Developers feasibility benchmarks
Hotel owners competitive intelligence
Realtors have stronger tourism-backed investment narratives
It essentially helps quantify Belize’s tourism economy in a format that global hospitality investors understand.
Dustin Rennie
Licensed CoStar hospitality market analysis and Belize real estate commentary by Dustin Rennie,
Dustin Rennie is a real estate entrepreneur, investor, and media creator specializing in Belize real estate, tourism, and investment markets. Dustin has become one of the leading voices on Belize property investment, hospitality development, and Caribbean lifestyle markets.
He produces market analysis, investment reports, and educational content viewed by millions of investors, expats, and travelers worldwide. Dustin regularly covers topics including real estate, tourism growth, hospitality trends, relocation, and emerging investment opportunities throughout Belize.
Through licensed CoStar hospitality data, on-the-ground market research, and years of experience in the Belize property sector, Dustin Rennie provides institutional-style insights into one of the Caribbean and Central America’s fastest-growing tourism and real estate markets.
Belize has always been a leader in conservation. In 2026, Belize took center stage on sustainability and sustainable tourism. From April 27–30, 2026, Belize proudly hosted the 17th Caribbean Conference on Sustainable Tourism Development (STC 2026) in the vibrant town of San Pedro, Ambergris Caye.
This event not only highlights Belize’s commitment to sustainable tourism but also underscores its growing prominence as a global destination for eco-conscious travelers, investors, and expatriates alike. As a country renowned for its pristine natural beauty, vibrant culture, and world-class diving spots, Belize is the perfect stage for discussing sustainable practices that balance tourism growth with environmental preservation.
The CTO Sustainable Tourism Conference brings together industry leaders, policymakers, and stakeholders from across the Caribbean and beyond. It serves as a platform to share innovative strategies, foster collaboration, and promote a unified vision for sustainable tourism development. Hosting this event is a significant achievement for Belize, as it positions the nation as a leader in eco-tourism while showcasing its unique offerings to a global audience. From the Belize Barrier Reef to lush rainforests and ancient Mayan ruins, attendees will have the opportunity to experience firsthand why Belize is a model for sustainable tourism.
For Belize, hosting this prestigious conference is more than an honor—it’s a statement. It reflects the country’s commitment to responsible development, environmental stewardship, and forward-thinking tourism strategies that balance growth with preservation.
Belize in Sustainable Tourism
When the leaders of Caribbean tourism choose Belize as their home base for the year, it sends a clear signal to the world: Belize is the destination for responsible investment. The CTO Sustainable Tourism Conference is the Caribbean’s premier forum dedicated to advancing sustainability in tourism. Organized by the CTO in collaboration with the Belize Tourism Board.
Throughout the conference, delegates explored innovative solutions to some of the region’s most pressing challenges, including climate resilience, community-based tourism, and sustainable investment models. The event also served as a platform for collaboration, knowledge-sharing, and the development of strategic partnerships that will shape the future of Caribbean tourism.
Why Belize?
Belize is uniquely positioned as a model for sustainable tourism. With the world’s second-largest barrier reef, vast protected jungles, and a strong emphasis on eco-tourism, the country has long championed conservation-driven development.
Hosting STC 2026 underscores Belize’s leadership in the region and highlights its ability to convene global stakeholders around meaningful, future-focused conversations. It also reinforces the country’s growing reputation as a destination where tourism supports both economic growth and environmental preservation.
Dustin Rennie Named CTO Allied Member
We are also thrilled to share some exciting news from our own team. Our Regional Director, Dustin Rennie, has been officially named an Allied Member of the Caribbean Tourism Organization (CTO).
This appointment is a significant milestone, as it bridges the gap between the real estate sector and the broader tourism industry. As an Allied Member, Dustin Rennie represents the private sector’s voice in regional policy discussions, ensuring that sustainable development remains a core pillar of Belize’s growth.
This recognition places Dustin among a select group of private-sector leaders advancing tourism across the Caribbean. The CTO includes not only member countries but also allied members—organizations and professionals who provide services and expertise that support the region’s tourism industry.
Dustin Rennie with Donna Regis Prosper CTO Sustainable Awards Member
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Dustin has been named an allied member of the Caribbean Tourism Organization (CTO), a testament to his dedication to promoting Belize as a premier destination for both tourism and Belize real estate investment. This honor reflects his commitment to aligning the goals of sustainable tourism with responsible real estate development.
As a leader in the Belize real estate market, Dustin Rennie understands the importance of preserving the country’s natural beauty while fostering growth and opportunity. Their work emphasizes sustainable development practices that respect the environment, culture, and communities of Belize. This approach not only benefits the local population but also ensures that Belize remains an attractive destination for years to come.
“Being part of the CTO allows us to align our real estate goals with the long-term vision for a resilient Caribbean. It’s about more than just selling property; it’s about building a sustainable ecosystem where investors and locals both thrive.”
Hosting the CTO Sustainable Tourism Conference 2026 marks a defining moment for Belize. It not only reinforces the country’s leadership in sustainable tourism but also opens new doors for investment, innovation, and global collaboration.
When the leaders of Caribbean tourism choose Belize as their home base for the year, it sends a clear signal to the world: Belize is the destination for responsible investment.
Dustin Rennie and Luigi Wewege Represent Belize at the CAF Economic Forum
Dustin Rennie and Luigi Wewege Represent Belize at the International Economic Forum Latin America and Caribbean 2026, organized by CAF (Development Bank of Latin America and the Caribbean) in Panama.
The International Economic Forum Latin America and Caribbean 2026, organized by CAF—Development Bank of Latin America and the Caribbean, is a high-level event that brings together business leaders, influential figures, and decision-makers to reflect on the region’s most pressing challenges and, through dialogue, develop solutions that promote growth, inclusion, and competitiveness.
The forum focused on solutions to pressing regional issues, including economic growth, inclusion, competitiveness, innovation, energy transition, digital transformation, and geopolitics.
Attendees include heads of state, government authorities, business leaders, investors, multilateral organizations, and experts. Positioning Latin America and the Caribbean as a dynamic, innovative region capable of offering solutions to global challenges.
The forum functions much like a “Davos for Latin America and the Caribbean”, providing a global stage for the region to chart its economic and development path. By facilitating dialogue across governments, the private sector, and civil society, the forum helps align strategies for inclusive and sustainable development.
This event provided an invaluable opportunity for Belize to engage with other nations in Latin America and the Caribbean. Focusing on regional cooperation in addressing global challenges.
Dustin Rennie and Luigi Wewege’s participation at the International Economic Forum Latin America and Caribbean 2026 represents a milestone in Belize’s journey toward economic growth and global recognition.
Belize at the International Economic Forum
Belize continues to strengthen its presence on the global stage. Dustin Rennie and Luigi Wewege recently attended the highly anticipated International Economic Forum Latin America and Caribbean 2026. Organized by CAF – Development Bank of Latin America, this forum brought together influential leaders, policymakers, economists, and business professionals to discuss the future of the region’s economic growth and development.
Belize continues to strengthen its voice in regional and global economic conversations, and this momentum was on full display at the International Economic Forum Latin America and the Caribbean.
Among the attendees were Dustin Rennie and Luigi Wewege, both representing Belize at one of the region’s most influential economic gatherings.
The International Economic Forum Latin America and Caribbean, organized by CAF – Development Bank of Latin America and the Caribbean, is a high-level annual forum designed to bring together leaders, policymakers, business executives, investors, and experts to discuss economic, social, and geopolitical challenges and opportunities facing Latin America and the Caribbean.
Beyond the formal agenda, the forum provided valuable opportunities for bilateral engagement and relationship-building among policymakers, financial institutions, and private-sector leaders.
Belize on the Global Stage
Informal discussions explored how smaller economies and international financial centers can better integrate into regional value chains, attract diversified investment, and leverage technology to overcome structural constraints.
For Belize, the forum underscored the growing relevance of sound financial governance, sustainable tourism investment, and digital financial services in supporting long-term economic stability. As regional capitals increasingly seek jurisdictions that offer transparency, resilience, and innovation, Belize’s role as a well-regulated international banking and investment hub continues to gain attention.
As a bridge between Central America (SICA) and the Caribbean (CARICOM), Belize occupies a unique strategic position. Dustin Rennie and Luigi Wewege were invited by CAF to attend the forum, representing the private sector in Belize. Rennie’s focus in Panama was on how large-scale infrastructure funding from CAF can elevate the Belizean infrastructure development.
“The capital moving through CAF is looking for ‘Impact,'” Rennie explained. “Belize is the proof of concept the region needs. For connectivity, sustainability, and investment potential.”
The participation of Belize-based institutions at this landmark forum reflects a broader commitment to proactive regional engagement and thought leadership, ensuring that Belize remains aligned with evolving global standards, investor expectations, and development priorities across Latin America and the Caribbean.
Why the CAF Forum Matters
CAF plays a central role in financing infrastructure, promoting private sector development, and advancing sustainable growth across Latin America and the Caribbean. The event and CAF participation are designed to bring practical collaboration, aligning governments and the private sector around shared regional priorities such as:
Sustainable development and climate resilience
Foreign direct investment and trade integration
Financial inclusion and capital mobility
Infrastructure, logistics, and digital transformation
In terms of regional growth, Belize is a small but dynamic economy. The International Economic Forum offers access to conversations—and decision-makers—that shape the region’s economic future.
Dustin Rennie and Luigi Wewege Attend the CAF International Economic Forum
Belize was represented at the forum by Dustin Bayne Rennie and Luigi Wewege. Their participation highlighted the growing engagement in regional economic dialogue and Belize’s increasing visibility within international financial and investment circles.
Often described as a “Davos for Latin America and the Caribbean,” the CAF forum brings together heads of state, policymakers, business leaders, investors, and development institutions to discuss the future of economic growth, investment, sustainability, and regional integration. For Belize, participation in this forum is not just symbolic—it is strategic.
Dustin Rennie and Luigi Wewege at CAF Forum
Dustin Rennie brought his extensive expertise in real estate development and investment. He emphasized the importance of sustainable practices in tourism and real estate. Rennie shared insights into how Belize is balancing economic growth with sustainable development.
“Being in the room with global decision-makers, influential leaders, and visionary business minds was both humbling and energizing,” said Rennie. “The insights shared by innovators from across the world reinforced my optimism for the continued growth and integration of the Caribbean and Latin America”.
Dustin Rennie also highlighted the region’s optimism, noting that Belize is “moving forward with a renewed focus on facilitating solutions, leveraging broader resources, and adopting a more selfless, creative, and proactive approach to shaping what comes next”.
Luigi Wewege contributed his knowledge of banking innovation and fintech solutions. As a leader in the financial services industry, he addressed how emerging technologies can drive financial inclusion and empower underserved communities. Wewege highlighted how Belize is embracing digital transformation to enhance its financial infrastructure and attract foreign investment. (source)
Belize’s Role within CAF
Belize occupies a unique position within Latin America and the Caribbean. As an English-speaking country with deep ties to CARICOM, Central America, and international financial markets, Belize serves as a bridge economy, connecting regions, cultures, and investment flows.
Belize’s strengths align closely with CAF’s priorities:
Sustainable development leadership, particularly in marine conservation, eco-tourism, and climate finance.
Stable financial and legal frameworks are attractive to international investors.
Strategic geography linking North America, Central America, and the Caribbean.
Emerging real estate and infrastructure opportunities, especially in tourism, logistics, and residential development.
With the right partnerships, Belize has the potential to leverage CAF not only as a sustainable development financier but as a long-term partner in investment promotion and private-sector expansion.
Belize has long been recognized for its strategic location, rich cultural heritage, and emerging economic development. In recent years, the country has made significant strides in tourism, sustainable development, and financial services. Rennie and Wewege’s attendance at the forum highlighted Belize’s growing influence as a key player in shaping the regional economic landscape.
Belize Private Sector: Dustin Rennie & Luigi Wewege
The presence of Dustin Rennie and Luigi Wewege at the CAF forum underscores the importance of private-sector leadership in shaping Belize’s economic trajectory.
By engaging directly with CAF leadership, investors, and policymakers, Belizean business leaders help ensure that the country is not merely a recipient of regional policy—but an active contributor to it.
Belize’s participation in forums like CAF signals a broader shift: the country is increasingly positioning itself as a serious, forward-thinking partner in regional development.
As CAF continues to expand its footprint in the Caribbean, Belize has an opportunity to:
Attract infrastructure and development financing.
Increase visibility among institutional investors.
Strengthen public-private partnerships.
Align national growth strategies with regional initiatives.
Dustin Rennie added, “Belize is using sustainable tourism as a climate adaptation, blue economy, and inclusive growth strategy — and CAF is the natural partner to scale it regionally.”
The forum provided an invaluable opportunity for Belize to engage with other nations in Latin America and the Caribbean. One key takeaway was the importance of regional cooperation in addressing global challenges.
Dustin Rennie and Luigi Wewege’s participation at the International Economic Forum Latin America and Caribbean 2026 marks another milestone in Belize’s journey toward economic growth and global recognition.
Belize Involvement in the Region
The Development Bank of Latin America and the Caribbean (CAF) continues to position its International Economic Forum in Panama as the emerging “Davos of Latin America,” establishing a high-level platform for regional and global leaders to engage on economic integration, sustainability, competitiveness, and long-term development strategy.
Belize serves as a “bridge” between the English-speaking Caribbean and the Spanish-speaking Central American mainland.
Belize can play a key role in Regional Integration. Member countries and CAF value Belize’s dual membership in both CARICOM and SICA.
As Belize continues to grow, it is clear that the country is poised for a bright future. By engaging in meaningful dialogue with regional partners and leveraging opportunities for collaboration, Belize can play a pivotal role as a bridge between Latin America, Central America (SICA), and the Caribbean (CARICOM).
Dustin Rennie and Luigi Wewege’s attendance at this prestigious forum is a testament to their dedication to advancing the nation’s interests on an international platform. Their efforts serve as an inspiration to continue striving for innovation and growth in Belize.
The conversations at the CAF Forum in Panama are only the beginning—but they reinforce an important message: “Belize belongs at the table, and its private sector is ready to lead”.
Tourism in Belize is hitting a record-breaking stride in 2026. Despite global travel challenges, Belize tourism has shown strong resilience in Q1 of 2026. The tourism sector in Belize started 2026 with record visitor volumes and expanded air access, outpacing wider global tourism trends.
Even amid the challenges facing global travel, the Belize tourism sector is showing surprising resilience in 2026, as the latest statistics from the BTB (Belize Tourism Board) reveal that overnight visitors grew in Q1 (January to March) of 2026. Belize recorded over 187,000 arrivals in just three months, and the tourism industry continues to gain momentum, showing its resilience and appeal to global travelers.
Travel to Belize in 2026 has performed very consistently, recording 187,290 overnight visitor arrivals between January and March. Arrivals showed steady growth over the three-month period, increasing from 59,164 in January to 59,231 in February, and reaching 68,895 in March.
The highest single-month travel volume in 2026 was in March. In March 2026, Belize saw 68,895 overnight visitors, marking a notable 5.7% increase over the same month in 2025. The United States has remained Belize’s primary travel market, as US travel accounts for 70% of March’s overnight arrivals. Reference for Data
The tourism industry has stabilized with a significant increase in overnight arrivals, fueled by increased airlift and high-profile resort announcements. Based on the Ministry of Foreign Affairs release in March 2026.
Belize Overnight Tourism
The growth in Belize tourism has been largely in overnight arrivals. Overnight arrivals refer to the number of tourists who arrive at a destination and stay for at least one night. These individuals check into tourist accommodation facilities and contribute to the local economy.
In Belize, the overnight arrivals for the first quarter of 2026 (January to March) grew by 2.1% year-over-year, following 2025’s growth of 0.8%, with a total number of 551,698 overnight tourism arrivals to Belize. source
March 2026 tourism performance marked a notable improvement, reflecting a 5.7% increase compared to the same month in 2025. Compared with 2025, Q1 2026 figuresshow modest but positive growth, indicating continued recovery and stabilization.
The Philip Goldson International Airport (PGIA) remains the main gateway for travelers, handling approximately 81% of all overnight arrivals that visited Belize in 2026. While cruise visitor figures showed a slight decrease of 2.7% year-over-year compared to March 2025, the increase in stopover visitors reinforces Belize’s appeal as a prime destination for longer stays. source
Tourism Markets
Although U.S. arrivals dipped slightly in February, travelers from Canada increased by almost 29%, while European arrivals rose by 2.4%. These trends reflect Belize’s expanding reach and diversity in international markets. This shows a shift in market demand and travelers visiting Belize (more diversified travel markets).
The Belize Tourism Board (BTB) has introduced several new initiatives to enhance the tourism experience in Belize, including public transit bus networks in San Pedro, Ambergris Caye, and a National Tourism Security Strategy. The recent initiatives help to bolster infrastructure and ensure visitor safety, further enhancing Belize’s attractiveness as a destination.
Based on the 2026 data, Belize is positioning itself as a resilient global tourism market.
Belize Overnight Tourism Arrivals
Overnight Arrivals to Belize Q1 2026
Belize Market Trends & Arrivals
The first quarter of 2026 has already seen over 187,000 overnight visitors, a steady increase over previous years.
Dominant Markets: The United States continues to lead, accounting for 70% of all arrivals. However, there is a notable 28.5% spike in Canadian travelers and a growing interest from European markets.
Stayover vs. Cruise: While cruise tourism has seen a slight dip (down about 2.7%), “stopover” tourism—travelers staying in hotels and resorts—is at an all-time high, indicating a shift toward longer, more immersive trips.
Leisure travel is the primary driver of tourism arrivals in Belize. Leisure travel is supported by smaller segments, such as business travelers, Belizeans living abroad, and visitors traveling for education, health, or religious purposes. The consistent year-over-year growth reflects ongoing demand for Belize’s diverse tourism offerings.
Belize Tourism in 2026
Belize’s tourism sector in 2026 has shown impressive resilience and growth, despite global challenges.
Here are some key factors of the success Belize has seen in 2026:
Remarkable Growth: Belize has experienced extraordinary growth in its tourism sector, with increases in visitor numbers. In March 2026, Belize welcomed 68,895 overnight visitors, marking a 5.7% increase compared to the same month in the previous year (2025). This trend reflects a strong recovery and expansion within the tourism industry.
Consistent Performance: From January to March 2026 (Q1), Belize recorded 187,290 overnight visitor arrivals, underscoring consistent performance that bodes well for Belize’s tourism future. This figure indicates a solid start to the year and a positive outlook for the months ahead.
Focus on Sustainability: Belize is also prioritizing sustainability in its tourism offerings. This focus not only enhances visitor experiences but also positions Belize as a leader in sustainable tourism practices.
Establishing Market Reach: The Belize tourism sector is expanding its market reach by attracting a more diverse portfolio of visitors and travelers. Belize is establishing itself as a prominent destination in the global travel landscape. This growth is accompanied by efforts to set new benchmarks in service and sustainability, further solidifying Belize’s reputation as a top travel destination.
Belize Tourism from 2024 to 2026
Preliminary 2025 figures — which set the stage for 2026 — showed approximately 551,000 overnight visitors, exceeding both 2024 and pre-COVID 2019 benchmarks. Belize Tourism Board data suggests 2026 is trending toward another record year.
March 2026 alone recorded nearly 69,000 overnight arrivals, with Americans accounting for roughly 70% of visitors.
Recent data and economic reports indicate that Belize has exceeded the post‑pandemic recovery and is entering a new phase of tourism growth and expansion. Preliminary figures compiled by the Belize Tourism Board (BTB) and the Government of Belize show that total visitor numbers combining overnight and cruise travel reached well over 1.4 million in 2024, the strongest year on record. Industry summaries point to around 550,000 to 560,000 overnight visitors and close to 900,000 cruise passengers in that year, lifting arrivals above the previous pre‑2020 peak.
Independent tourism analyses describe 2024 as a banner year, with overnight tourism arrivals up around 21% over 2023 and surpassing 2019 benchmarks by double‑digit growth. March 2024 was the busiest month ever recorded for Belize overnight tourism, with more than 69,000 visitors arriving.
National economic assessments from multilateral institutions attribute much of Belize’s 2024 GDP growth to the surge in tourism. By early 2025, labor market data showed rising labor force participation and low unemployment, underscoring how tourism has become a primary economic engine and the primary source of jobs and foreign exchange. Tourism in Belize is more than just travel; it is an economic driver that stabilizes the broader national economy.
As 2025 progressed, news reports citing newly released arrival figures described “steady and measured” growth on top of the 2024 boom. Overnight visitor counts edged higher again, and cruise volumes held near historic highs, suggesting that Belize’s recovery was not a one‑off spike but the beginning of a more sustained upswing, as the 2026 data shows.
Belize Flight Connectivity
Philip Goldson International Airport (BZE) is busier than ever, with 105 international arrivals per week.
Key Hubs: Direct flights are now active from 20 major cities, including Seattle, Los Angeles, New York (JFK), Toronto, and Calgary.
Airlines: Major carriers include Alaska, American, Delta, JetBlue, United, and WestJet.
Saturdays remain the busiest travel day. With “old school” tarmac deplaning still the norm, expect about a 60-minute processing time during peak hours.
Belize Cruise Ship Tourism
Cruise arrivals approached 1 million passengers in 2025, up more than 8% year-over-year, though still below the 2019 peak. The government expects additional growth through 2026 as Caribbean itineraries normalize and port calls increase.
In 2026, cruise visitor figures decreased slightly by 2.7% year-over-year compared to 2025.
Diversifying Travel Markets
Belize’s tourism momentum has been supported by the continued evolution of direct flights and air connectivity. Over recent years, major North American airlines have expanded seasonal and year‑round flights to Belize, while regional airlines have strengthened connections from Mexico, Central America, and the Caribbean.
Although some airlines and flights have had to adjust schedules or withdraw routes in the first half of 2026 in response to global economic cost pressures, the overall pattern points to growing capacity and more diversified travel and connectivity.
Belize has attracted travelers not only from its traditional core markets in the United States and Canada but also from Europe and Latin America (especially connections through Panama PTY). Sector studies and tourism plans highlight that while the United States remains the dominant source of tourism (70% of overnight arrivals, based on BTB data), secondary markets are gaining share, a trend expected to reduce the industry’s vulnerability to single‑market shocks.
Domestic and regional airlines based in Belize and neighboring countries have also played a role in widening access and connectivity. Local domestic carriers have also had an impact, working to shorten transfer times and spread tourism benefits more evenly. Industry observers note that these links are particularly important for higher‑spending guests seeking multi‑stop travel itineraries in Belize that combine reef, beach, and rainforest experiences in a single trip.
Forward‑looking projections suggest that total tourist arrivals in Belize could remain close to or above the 2019 peak through 2026, even as global travel growth moderates or declines. This positions the country as one of the more resilient tourism markets in the Caribbean and Central America, where some destinations are seeing flatter demand as airfares rise and travelers become more selective.
40% of Belize’s GDP when direct and indirect impacts are included
Tourism directly creates around 35,000 jobs
Major spillover effects into agriculture, fisheries, retail, construction, and transportation
The IMF also notes that tourism directly contributes about 12% of GDP in Belize, with broader economic dependence substantially higher.
Belize and Global Travel in 2026
Belize tourism in 2026 is showing continued expansion, with the country moving from “post-pandemic recovery” into a more mature growth phase driven by airlift expansion, hotel development, and higher-value experiential travel. The sector remains one of the largest pillars of Belize’s economy and a significant contributor to the Belize real estate investment market.
The US is the top source market for tourism in Belize. Travelers from the United States represent roughly 70% of overnight arrivals in March 2026 alone. Other contributing markets included Europe, Canada, Mexico, and smaller segments from South America and other regions. The sustained presence of U.S. travelers continues to anchor Belize’s tourism performance.
With a reinforced reputation as a safe, nature‑rich, and relatively uncrowded destination, Belize is increasingly more attractive to international travelers. Belize has also received numerous travel awards between 2024 and 2026, further increasing exposure to and interest in travel to Belize.
In 2026, Belize appears to be defying several of the global challenges facing the travel industry, turning a period of uncertainty into an opportunity to benefit and set new benchmarks for responsible tourism growth in the Caribbean and Central America.
Dustin Rennie is one of the Caribbean and Central America’s most recognized real estate professionals. Dustin has established himself as a leading authority on Belize real estate and investment opportunities.
Known for combining market intelligence with a global investment perspective, Dustin has consistently ranked among the top-performing RE/MAX agents worldwide and has received numerous international industry awards and recognitions.
Beyond real estate, Dustin Rennie is recognized for his contributions to Belize’s economic growth and investment landscape. He frequently speaks on topics related to real estate, tourism, infrastructure, and international investment.
Belize’s tourism sector enters 2026 with record visitor volumes and expanded air access, outpacing wider global tourism trends.
In 2026, even amid the challenges facing global travel, the Belize tourism sector is showing surprising resilience, as the latest statistics reveal growth in the number of overnight visitors during the first quarter of 2026. With over 187,000 arrivals in just three months, the tourism industry continues to gain momentum, showing its resilience and attraction to global travelers.
March 2026, Belize saw 68,895 overnight visitors, marking a notable 5.7% increase compared to the same month in 2025. The United States remains the primary travel market for Belize, as it still accounts for 70% of March’s overnight arrivals.
Overnight arrivals for the first quarter of 2026 (January to March) grew by 2.1% year-over-year, following 2025’s growth of 0.8%, with a total number of 551,698 overnight tourism arrivals to Belize.
The Philip Goldson International Airport (PGIA) remains the main gateway for travelers, handling approximately 81% of all overnight arrivals in March of 2026. While cruise visitor figures showed a slight 2.7% decrease compared to March 2025, the increase in stopover visitors reinforces Belize’s appeal as a prime destination for longer stays. source
It has also been noted that the first quarter of 2026 is showing some shifts in market dynamics. Although U.S. arrivals dipped slightly in February, travelers from Canada increased by almost 29%, while European arrivals rose by 2.4%. These trends reflect Belize’s expanding reach and diversity in international markets.
In a bid to enhance tourist experiences, the Belize Tourism Board (BTB) has introduced several new initiatives, including public transit in San Pedro and a National Tourism Security Strategy. These developments aim to bolster infrastructure and ensure visitor safety, further enhancing Belize’s attractiveness as a destination.
With these developments, Belize is positioning itself as a resilient player in the global tourism market.
Recent data and economic reports indicate that Belize has exceeded the post‑pandemic recovery and is entering a new phase of tourism growth and expansion. Preliminary figures compiled by the Belize Tourism Board (BTB) and the Government of Belize show that total visitor numbers combining overnight and cruise travel reached well over 1.4 million in 2024, the strongest year on record. Industry summaries point to around 550,000 to 560,000 overnight visitors and close to 900,000 cruise passengers in that year, lifting arrivals above the previous pre‑2020 peak.
Independent tourism analyses describe 2024 as a banner year, with overnight tourism arrivals up around 21% over 2023 and surpassing 2019 benchmarks by double‑digit growth. March 2024 was the busiest month ever recorded for Belize overnight tourism, with more than 69,000 visitors arriving.
National economic assessments from multilateral institutions attribute much of Belize’s 2024 GDP growth to the surge in tourism. By early 2025, labor market data showed rising labor force participation and low unemployment, underscoring how tourism has become a primary economic engine and the primary source of jobs and foreign exchange. Tourism in Belize is more than just travel; it is an economic driver that stabilizes the broader national economy.
As 2025 progressed, news reports citing newly released arrival figures described “steady and measured” growth on top of the 2024 boom. Overnight visitor counts edged higher again, and cruise volumes held near historic highs, suggesting that Belize’s recovery was not a one‑off spike but the beginning of a more sustained upswing, as the 2026 data shows.
Expanded Airlift and Diversifying Travel Markets
Belize’s tourism momentum has been supported by the continued evolution of direct flights and air connectivity. Over recent years, major North American airlines have expanded seasonal and year‑round flights to Belize and the Philip S. W. Goldson International Airport (BZE), while regional airlines have strengthened connections from Mexico, Central America, and the Caribbean.
Although some airlines and flights have had to adjust schedules or withdraw routes in the first half of 2026 in response to global economic cost pressures, the overall pattern points to growing capacity and more diversified travel and connectivity to Belize. Belize has attracted travelers not only from its traditional core markets in the United States and Canada but also from Europe and Latin America (especially connections through Panama PTY). Sector studies and tourism plans highlight that while the United States remains the dominant source of tourism (70% of overnight arrivals, based on BTB data), secondary markets are gaining share, a trend expected to reduce the industry’s vulnerability to single‑market shocks.
Domestic and regional airlines based in Belize (Tropic Airlines and Maya Airlines) and neighboring countries have also played a role in widening access and connectivity. Local domestic carriers have also had an impact, working to shorten transfer times and spread tourism benefits more evenly. Industry observers note that these links are particularly important for higher‑spending guests seeking multi‑stop travel itineraries in Belize that combine reef, beach, and rainforest experiences in a single trip.
Forward‑looking projections suggest that total tourist arrivals in Belize could remain close to or above the 2019 peak through 2026, even as global travel growth moderates or declines. This positions the country as one of the more resilient tourism markets in the Caribbean and Central America, where some destinations are seeing flatter demand as airfares rise and travelers become more selective.
Belize’s tourism sector in 2026 has shown impressive resilience and growth, despite global challenges.
Here are some key factors of the success Belize has seen in 2026:
Remarkable Growth: Belize has experienced extraordinary growth in its tourism sector, with increases in visitor numbers. In March 2026, Belize welcomed 68,895 overnight visitors, marking a 5.7% increase compared to the same month in the previous year (2025). This trend reflects a strong recovery and expansion within the tourism industry.
Consistent Performance: From January to March 2026 (Q1), Belize recorded 187,290 overnight visitor arrivals, showcasing a consistent performance that bodes well for the future of Belize tourism. This figure indicates a solid start to the year and a positive outlook for the months ahead.
Focus on Sustainability: Belize is also prioritizing sustainability in its tourism offerings. This focus not only enhances visitor experiences but also positions Belize as a leader in sustainable tourism practices.
Establishing Market Reach: The Belize tourism sector is expanding its market reach by attracting a more diverse visitor and traveler portfolio. Belize is establishing itself as a prominent destination in the global travel landscape. This growth is accompanied by efforts to set new benchmarks in service and sustainability, further solidifying Belize’s reputation as a top travel destination.
Belize and Global Travel in 2026
With a reinforced reputation as a safe, nature‑rich, and relatively uncrowded destination, Belize is increasingly more attractive to international travelers. Belize has also been the recipient of numerous travel awards (including hosting the CTO sustainable tourism awards).
In 2026, Belize appears to be defying several of the global challenges facing the travel industry, turning a period of uncertainty into an opportunity to be a beneficiary and set new benchmarks for responsible tourism growth in the Caribbean and Central America.
Central America is becoming an increasingly important region for cross-border financing, but success here depends heavily on jurisdictional strategy, regulatory understanding, and local relationships. The region is quickly becoming one of the most attractive regions for international financing and investment. From tourism and infrastructure to fintech and cross-border commerce, opportunities continue to grow throughout the region. However, financing in Central America is far from straightforward. Every country operates differently, with its own banking systems, legal frameworks, and regulatory expectations. Investors who understand these distinctions are far more likely to succeed than those who assume the region functions as a single market.
One of the most important lessons for investors is that jurisdiction matters. Countries such as Panama are known for large-scale international banking and institutional financing, while Belize has become increasingly attractive for flexible, cross-border financial solutions and personalized banking relationships. Belize’s English common law system, accessible financial sector, and internationally focused banking environment make it particularly appealing for foreign investors seeking adaptable financing structures.
While Central America as a whole is booming with opportunities in sectors like fintech, tourism, and infrastructure, the financial environment is complex. Navigating it requires more than just capital; it requires a nuanced understanding of how local laws and regional relationships interact.
Why local knowledge and jurisdictional strategy matter more than ever in regional finance.
Financing in Central America Overview
Central America has emerged as one of the most compelling, yet misunderstood frontiers for finance. From infrastructure and tourism to fintech and cross-border trade, capital is flowing into the region at an accelerating pace. But while opportunity is abundant, so too are the complexities. Financing here is not a one-size-fits-all exercise; it is a jurisdiction-specific strategy that requires precision, patience, and perspective.
For investors, lenders, and entrepreneurs alike, understanding the do’s and don’ts of financing in Central America can be the difference between unlocking long-term value and encountering avoidable friction. Property ownership laws, foreign investment rules, currency exposure, and permitting processes can vary dramatically from one jurisdiction to another.
Financing strategies in Central America also depend heavily on relationships. Unlike larger financial markets, where transactions can feel highly automated, banking in the region often relies on trust, reputation, and long-term engagement. Investors who develop strong connections with bankers, legal advisors, and local professionals generally navigate the process more efficiently and encounter fewer delays.
Economic conditions, regulatory interpretations, and cross-border requirements can shift rapidly throughout the region. This is why flexibility is important. Financing arrangements that allow for adaptability, including multi-currency lending, phased funding structures, and adjustable loan terms, tend to perform better over time. Offshore and international banks in Belize are often recognized for providing customized financing solutions for international investors and complex transactions.
Belize Financing
While each Central American jurisdiction offers distinct advantages, Belize occupies a particularly interesting position in the financing landscape. It combines elements of accessibility, regulatory clarity, and international orientation in a way that is difficult to replicate.
The financial services sector in Belize is purpose-built for cross-border activity. Institutions are accustomed to working with international clients, structuring multi-jurisdictional transactions, and navigating the complexities of global compliance frameworks. Moreover, the ability to engage directly with decision-makers, rather than navigating layers of bureaucracy, can materially accelerate execution.
This is not to suggest that Belize is a universal solution. Larger markets such as Panama will continue to play a critical role in large-scale infrastructure and institutional financing. However, for private clients, mid-market transactions, and bespoke financing structures, Belize often provides a more efficient and responsive alternative.
Key Takeaways
What makes financing in Central America complex?
Each country has its own regulatory framework, banking culture, legal environment, and risk profile, so financing strategies cannot be applied uniformly across the region.
Why is jurisdictional due diligence so important?
Because the right jurisdiction can improve execution speed, compliance clarity, banking access, and transaction flexibility, while the wrong one can create friction and delays.
Why does Belize stand out in this article?
Belize is positioned as a practical jurisdiction for cross-border financing due to its English common law system, international orientation, agility, and established financial services ecosystem.
What are the biggest financing mistakes in the region?
Treating Central America as one market, underestimating compliance timelines, ignoring correspondent banking dynamics, and trying to operate without local expertise.
What is the central strategic message of the piece?
Jurisdiction, preparation, relationships, and regulatory alignment matter more than assumptions when financing across Central America.
Conclusion
Central America is becoming an increasingly important region for cross-border financing, but success here depends heavily on jurisdictional strategy, regulatory understanding, and local relationships. As global capital continues to diversify geographically, understanding the nuances of each jurisdiction is becoming just as important as the financing itself.
The financial rewards in Central America are substantial, but they are reserved for those who prioritize preparation over assumptions. By acknowledging that jurisdiction still matters and focusing on deep local integration, investors can turn regional complexities into competitive advantages. Success in this frontier depends on precision, patience, and a respect for the local landscape.
Being a member of the Caribbean Council means serving as a strategic bridge between the Caribbean private sector, international investors, and government policymakers. It is a prestigious position that moves beyond simple networking; it is about economic diplomacy and regional growth.
Caribbean Council members act as a collective voice for the business community. Dustin Rennie being on the Caribbean Council lends an international “stamp of approval” to local projects.
Council members act as a collective voice for the business community. They meet with high-level government officials to discuss:
Trade Barriers: Working to reduce red tape for international business.
Regulatory Frameworks: Advising on laws that impact foreign direct investment (FDI).
Economic Stability: Advocating for policies that ensure long-term growth in sectors like tourism and real estate.
Membership provides access to a powerful ecosystem of:
Institutional Investors: Connecting local projects with global capital.
Multilateral Organizations: Interacting with groups like the Caribbean Development Bank (CDB) or the Inter-American Development Bank (IDB).
Diplomatic Channels: Building relationships with High Commissions and Embassies to facilitate smoother cross-border operations.
Being on the Council means having a “first-look” advantage. Members receive:
In-depth briefings on emerging trends in the Caribbean.
Early insights into upcoming infrastructure projects or legislative changes.
A platform to share their own on-the-ground expertise (e.g., Dustin Rennie’s insights on Belizean land value and development).
The Council focuses on the Caribbean as a unified economic bloc. For a member based in Belize, this means:
Promoting CARICOM interests.
Helping Belize transition from a “hidden gem” to a primary destination for serious international developers.
Sharing best practices from other islands (like Barbados or Jamaica) to improve the local business environment.
Dustin Rennie Caribbean Council RE/MAX Belize
Dustin Rennie & Dr. Luigi Wewege Appointed to the Caribbean Council in 2026
Strengthening Regional Economic Diplomacy and Expanding International Investment Pathways Across the Caribbean
Dustin Rennieand Dr. Luigi Wewege officially became members of the prestigious Caribbean Council in 2026, reinforcing Belize’s growing influence within regional economic diplomacy and international investment circles.
Membership in the Caribbean Council represents far more than a networking opportunity. It is a strategic platform that serves as a bridge between the Caribbean private sector, international investors, and government policymakers. Council members play an active role in shaping policy discussions, promoting responsible foreign direct investment (FDI), and strengthening the Caribbean’s position as a unified and competitive economic bloc.
As members, Dr. Wewege and Rennie join a collective voice representing the Caribbean business community at the highest levels. The Council facilitates direct engagement with senior government officials to address key economic priorities, including:
Trade Barriers: Reducing administrative and regulatory obstacles that impede cross-border commerce and international partnerships.
Regulatory Frameworks: Advising on legislative and compliance structures that influence investment flows and private sector development.
Economic Stability: Advocating for sustainable growth strategies in critical sectors such as tourism, real estate, financial services, and infrastructure.
Their appointment provides Belize with enhanced visibility and credibility on the international stage. Participation in the Council lends an international “stamp of approval” to projects originating in Belize, signaling institutional alignment, strategic oversight, and long-term growth potential to global capital providers.
Through Council membership, Dr. Wewege and Rennie gain access to an influential ecosystem that includes:
Institutional Investors: Facilitating introductions between Caribbean projects and global capital allocators.
Multilateral Organizations: Engaging with institutions such as the Caribbean Development Bank (CDB) and the Inter-American Development Bank (IDB) on regional development initiatives.
Diplomatic Channels: Building relationships with High Commissions and Embassies to streamline cross-border transactions and enhance economic cooperation.
Importantly, Council members benefit from a “first-look” advantage. This includes in-depth briefings on emerging economic trends, early insight into upcoming infrastructure projects, and awareness of legislative developments across the region. It also provides a respected platform for sharing their expertise.
Dustin Rennie brings extensive on-the-ground knowledge of Belizean land value dynamics, property development strategy, and regional investment structuring. Dr. Luigi Wewege contributes deep expertise in international finance, cross-border banking, correspondent banking relationships, and digital financial transformation, insights particularly relevant as Caribbean economies continue modernizing their financial ecosystems.
The Caribbean Council approaches the region as a unified economic bloc. For a Belize-based member, this means actively promoting CARICOM interests while positioning Belize not merely as a “hidden gem,” but as a primary destination for serious international developers and institutional investors. By sharing best practices from leading regional economies such as Barbados and Jamaica, Council members help elevate governance standards, investment transparency, and long-term resilience.
The appointment of Dr. Wewege and Rennie reflects a broader commitment to advancing sustainable economic growth, strengthening policy dialogue, and reinforcing Belize’s role within the evolving Caribbean economic architecture.
Caribbean Council Member Belize
Dustin Rennie became a member of the Caribbean Council in 2026.
The Caribbean Council is pleased to showcase our new SME member, Dustin Rennie.
Dustin Rennie is a leading real estate professional on Ambergris Caye, Belize, specializing in property sales and investment opportunities.
Belize is a vibrant, English-speaking country in Central America known for its Caribbean beaches, rich culture, and natural beauty. Dustin Rennie assists buyers and investors in navigating the diverse and thriving real estate market.
Dustin Rennie is a real estate broker, investor, and business leader based in Belize. With extensive experience in Caribbean property markets, Dustin specializes in international investment, cross-border transactions, and strategic real estate development throughout the region.
Over the course of his career, he has worked closely with global investors, developers, and entrepreneurs seeking opportunities in Belize and the wider Caribbean. His expertise spans residential, commercial, and resort properties, with a strong focus on sustainable growth, foreign direct investment, and long-term economic development.
Dustin is deeply committed to strengthening regional business relationships and promoting the Caribbean as a competitive and transparent destination for international investment. Through his leadership, market insight, and active engagement with global stakeholders, he continues to support initiatives that foster responsible development, economic collaboration, and cross-border partnerships.
Dustin has consistently bridged the gap between international investmentand local opportunity. Throughout his career, he has been recognized for his ability to navigate complex regulatory environments and foster sustainable growth.
As a member of the Caribbean Council, Dustin leverages his regional insights and global network to advocate for enhanced trade relations and private sector development across the islands. He is a firm believer in the power of public-private partnerships to drive long-term prosperity and is proud to contribute his expertise to the Caribbean Council’s mission.
Belize Private Sector Leaders Dustin Rennie and Luigi Wewege Represent at International Economic Forum 2026
Belize’s growing influence in the regional financial and development landscape was on full display this week as Dustin Rennie, Director of RE/MAX Belize, and Luigi Wewege, President of Caye International Bank, attended the International Economic Forum Latin America and the Caribbean 2026. Organized by CAF (Development Bank of Latin America and the Caribbean), the forum—often described as the “Davos of Latin America”—brought together global leaders, including seven heads of state, one president-elect, more than 30 official delegations, and over 400 bilateral meetings, as well as 50 panel discussions. The forum also invited top-tier investors to discuss the region’s economic future.
The high-level forum, held in Panama City, convened heads of state, policymakers, multilateral institutions, investors, and business leaders from across the region to discuss economic growth, investment, sustainability, and regional integration. The event has become one of the most influential economic gatherings in Latin America and the Caribbean, often described as a regional counterpart to the World Economic Forum.
Rennie and Wewege attended the forum as part of ongoing efforts to strengthen Belize’s engagement with regional development institutions and to position the country as a strategic partner for investment and sustainable growth within CAF’s expanding Caribbean focus.
Belize: A Strategic Bridge for Regional Integration
The participation of Rennie and Wewege underscores Belize’s unique role as a bridge between the Caribbean (CARICOM) and Central America (SICA). Throughout the sessions, the duo engaged with CAF leadership and international delegates to advocate for Belize’s potential as a primary destination for sustainable investment and a key player in CAF’s expanding Caribbean footprint.
The Role of CAF in Belize’s Growth
As CAF aims to expand its regional members and portfolio, Belize is positioned to partner with CAF resources to catalyze several key sectors:
Infrastructure & Logistics: Attracting development financing for sustainable development and infrastructure.
Sustainable Tourism: CAF aims to move beyond simple “sustainability” (preserving what exists) toward “regeneration”—ensuring that tourism activities actively improve and restore the ecosystems and communities they touch.
Blue & Green Economy: Aligning with CAF’s commitment to be the “Green and Blue Bank” of the region through sustainable tourism and marine conservation.
Real Estate & Foreign Investment: Promoting responsible development and long-term economic planning.
Dustin Rennie reflected on the importance of private-sector leadership at these high-level summits. “Tourism is a cornerstone of the Belizean economy, and the investment in Belize is evolving toward accessibility and sustainability,” Rennie noted. “Our presence here ensures that Belize is not merely a recipient of regional policy, but an active contributor to the conversations shaping the future of Caribbean real estate and economic growth.”
During the forum, Rennie emphasized that Belize is no longer just a passive participant in regional policy. He positioned the country as a strategic bridge between Central America (SICA) and the Caribbean (CARICOM), highlighting how large-scale infrastructure funding from CAF can serve as a catalyst for modernizing Belize’s development and attracting institutional investors.
A Milestone for National Visibility
The attendance of Rennie and Wewege follows a series of strategic international engagements for Belize, signaling a shift toward more proactive participation in multilateral financial forums. Their collaboration at the CAF Forum reinforces the message that Belize’s private sector is prepared to lead in attracting foreign direct investment and fostering public-private partnerships.
Engagement at forums such as this reinforces Belize’s commitment to sustainable growth, regional cooperation, and attracting high-quality investment aligned with national development goals.
The participation of Dustin Rennie & Luigi Wewege highlighted the value of public-private collaboration in advancing Belize’s economic interests and ensuring that the country remains engaged in shaping regional development strategies.
