Venezuelan holiday island that’s a symbol of economic collapse

One of the five stars that used to adorn the facade of the Margarita hotel on the Venezuelan paradise island of the same name has fallen off.

Not that there are any guests to notice.

The hotel is abandoned, its peeling facade a symbol of the decline of an island once dubbed the “Pearl of the Caribbean” that has been robbed of its shine by a severe economic crisis.

A short drive away by car, a herd of cows grazes in front of another vacant former five-star hostelry, Lagunamar.

Many of Margarita Island’s hotels now stand abandoned, in scenes very different to when the island used to be a playground for American tourists. Photo: AFP

A child plays on the shore of El Yaque Beach in the south of Margarita Island. Photo: AFP

It looks as if an earthquake ripped through here, tearing the roof off a poolside pavilion, tossing lamps and toilets around the garden and leaving mounds of rubble.

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