Comparing Caribbean and Central American Destinations

Thursday, February 26th, 2009

When speaking with a friend while traveling in Puerto Rico last week (a review to come shortly), I realized that Juliana and I have been to several different Caribbean or Central American destinations. I was doing a brief, informal “comparison” of these destinations with my friend, so I thought I’d try to do one more formally. What I have decided to do is a brief summary, some economic comparisons and local population “happy” meter, based on MY impressions and interactions with the local population.

Here we go…

Bahamas

Summary:
I have only spent a day on Paradise Island, touring The Atlantis resort property. I have to say, The Atlantis itself is quite impressive and probably worth looking into staying there. It looks appropriate both for romance between partners and fun for the kids.

Deals:

Local Currency: Bahamian Dollar (BSD)
Strength vs. US Dollar (as of 2/26/2009): Even (1 USD =1 BSD)
Happy Meter:  45%
GDP per Capita (recent estimate): $29,900
Unemployment Rate (most recent estimate): 6.9%

Barbados

Summary:
Lush and beautiful, the mountainous island of Barbados has stellar beaches and beautiful weather. We spent our actual honeymoon on Barbados after Hurricane Hugo destroyed St. John (where we were planning on going, but have yet to go to). With Barbados it’s best to stay on the beach and in your resort or go on a guided tour. The road maps of the island are poorly documented and the drivers dangerous.

Local Currency: Barbadian Dollar BBD)
Strength vs. US Dollar (as of 2/26/2009): Weak (1 USD = 2 BBD)
Happy Meter:  21%
GDP per Capita (recent estimate): $20,200
Unemployment Rate (most recent estimate): 10.7%

Belize

Summary:
Belize is wonderful once you get out of the capital of Belize City. There is a rain forest with Mayan ruins in the interior and the largest barrier reef in the Northern Hemisphere on the coast. Although quite poor, the people are extremely friendly. The official language is English.

Deals:

Local Currency: Belize Dollar BZD)
Strength vs. US Dollar (as of 2/26/2009): Weak (1 USD = 1.95 BZD)
Happy Meter:  65%
GDP per Capita (recent estimate): $8,500
Unemployment Rate (most recent estimate): 8.5%

Bermuda

Summary:
Bermuda is an overseas territory of the United Kingdom (UK), so it has a very British feel to it. The downside of this is that the food is British as well, not spicy Caribbean food that I like so much. The island itself is colorful and beautiful. There are only 66,000 residents of the island, but the island is very small. It is not really “Caribbean,” since it is north of the Caribbean. It is relatively expensive versus other islands, but it is a short flight from New York.

Deals:

Local Currency: Bermudian Dollar (BMD)
Strength vs. US Dollar (as of 2/26/2009): Even (1 USD = 1 BMD)
Happy Meter:  75%
GDP per Capita (recent estimate): $69,900
Unemployment Rate (most recent estimate): 2.1%

Cayman Islands

Summary:
Like Bermuda, the Cayman Islands are an overseas territory of the UK. Unlike Bermuda, however, the Cayman Islands are nested in the heart of the Caribbean, just south of Cuba. The weather is fantastic and the famous “seven-mile beach” on Grand Cayman is break-taking and beautiful. Since it is a coral island, the ocean is crystal clear and great for diving activities.

Deals:

Local Currency: Cayman Island Dollar (KYD)
Strength vs. US Dollar (as of 2/26/2009): Strong (1 USD = 0.84 KYD)
Happy Meter:  80%
GDP per Capita (recent estimate): $43,800
Unemployment Rate (most recent estimate): 4.4%

Jamaica

Summary:
Jamaica is a lush island, especially in the interior. There are several hotels that cater to romantic (even decadent) vacations. Two areas of the island that are worth visiting are Ochos Rios and Negril. The poverty on the island is pretty severe and, the last time we went, we are essentially in compound, shielded from the local population.

Deals:

Local Currency: Jamaican Dollar (JMD)
Strength vs. US Dollar (as of 2/26/2009): Strong (1 USD = 0.88 JMD)
Happy Meter:  15%
GDP per Capita (recent estimate): $7,700
Unemployment Rate (most recent estimate): 10.1%

Mexico

Summary:
Mexico is a big country and much of your experience will depend on where you go. I have never been to Cancun, but I hear it is nice, albeit very touristy. The Baja peninsula is nice as well, especially Cabo St. Lucas. We went to Puerto Vallarta and had a great time. I have heard that crime is a problem in Mexico, but we didn’t experience anything like that.

Deals:

Local Currency: Mexico Peso (MXN)
Strength vs. US Dollar (as of 2/26/2009): Very Weak (1 USD = 14.97 MXN)
Happy Meter:  40%
GDP per Capita (recent estimate): $14,400
Unemployment Rate (most recent estimate): 4.1% (with perhaps 25% underemployment)

Puerto Rico

Summary:
Puerto Rico is an overseas territory of the United States, so if you are coming from the U.S., you don’t even need a passport to visit the island. Also, they use U. S. dollars and no exchange is necessary. I enjoyed the island. There are some poverty-stricken areas of the island, especially around San Juan, but there are also some nice hotels, clubs and restaurants. I found the food in Puerto Rico to be some of the best I have found anywhere in the Caribbean (even Jamaica).

Deals:

Local Currency: US Dollar
Strength vs. US Dollar (as of 2/26/2009): Even
Happy Meter:  65%
GDP per Capita (recent estimate): Unknown
Unemployment Rate (most recent estimate): Unknown

St. Lucia

Summary:
St. Lucia is a beautiful, mountainous island near Venezuela. Because it is so close to the equator, wear sunscreen! The sun is extremely powerful. There are a number of romantic resorts on St. Lucia, including Sandals, Jalousie, Ladera and (a new one) Jade Mountain. I found that there was a “split” in attitudes of the local population – friendly and happy in the North, unfriendly and unhappy in the South. Also, don’t try and drive between Castries and Soufriere like we did – it’s right-hand drive on some of the windiest roads I have even driven on.

Deals:

Local Currency: Eastern Caribbean Dollar (XCD)
Strength vs. US Dollar (as of 2/26/2009): Slightly Weak (1 USD = 2.67 XCD)
Happy Meter:  50%
GDP per Capita (recent estimate): $11,300
Unemployment Rate (most recent estimate): 20%

St. Marten

Summary:
St. Marten is divided into a Dutch-controlled area and a French controlled area. Frankly, I found the French side to have better food and beaches. We found a sheltered bay on the French side that our kids could swim in, protected from the rough waves. Unfortunately, Saint Marten is rather expensive because they use euros. Of course, there airport is named Princess Juliana International Airport, which delighted my wife, Juliana.

Local Currency: St. Marten Euro (EUR)
Strength vs. US Dollar (as of 2/26/2009): Strong (1 USD = 0.78 EUR)
Happy Meter:  55%
GDP per Capita (recent estimate): Unknown
Unemployment Rate (most recent estimate): Unknown