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Examining investment policies and procedures for promoting diversification in the tourism industry
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This study examines policy options to promote the diversification of the tourism sector
in Cabo Verde and increase its resilience in the post-pandemic context. We conducted
qualitative research on Sal Island, engaging with stakeholders from the government, the
tourism industry, and local communities. Our findings shed light on various initiatives,
such as improvements in basic education, digitalization, and the diversification of tourism
products. However, we also uncovered significant challenges related to connectivity (both
within and between islands, as well as international), infrastructures, socioeconomic
inclusion, the development of specialized human capital, and community engagement.
Based on our findings, we describe several policy options. These policies include
undertaking strategic investments in infrastructure, creating fiscal space for development
initiatives, expanding the range of tourism experiences, enhancing human capital through
education and training in tourism-related services, promoting the formalization of small
businesses, and encouraging responsible tourism practices through Corporate Social
Responsibility certification schemes. This work provides valuable insights that can
support the development of sustainable and inclusive tourism policies in Cabo Verde.
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Investments Service Size Diversification Tourism sector