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== Economy == [[File:Popular Center (01).jpg|thumb|[[Popular, Inc.]] headquarters at Popular Center in [[Hato Rey]].]] San Juan experienced significant economic growth following [[World War II]]. During this period the city underwent an industrial revolution, although as of 1984 it had never generated its own economic region.<ref>Cities and the Wealth of Nations, Chapter 3, Jane Jacobs, 1984</ref><ref name="Encarta">Microsoft Encarta Biblioteca (2006), Microsoft Corporation</ref> The city's economy relies mostly on companies dedicated to the manufacture of several products, including: [[chemical substance]]s (bleach and house cleaning products); pharmaceuticals; rum and other beverages; [[fertilizer]]s; electric tools; [[Electronics|electronic devices]]; plastics, [[textile]]s, and food-based products.<ref name="Encarta" /> Tourism is also a key industry, based on San Juan's proximity to Puerto Rico's main airport, the [[Luis Muñoz Marín International Airport]].<ref name="Encarta" /> The tourism focus of the city is located in the district of Condado Beach where there are luxurious hotels.<ref name="Encarta" /> Historical locations such as El Morro, Old San Juan and El Cuartel de Ballaja are promoted in tourism campaigns. The district of Hato Rey contains a corporate sector known as [[Milla de Oro]] (Golden Mile) which serves as the headquarters of local and international banks. San Juan's Hato Rey district is often referred to as the "Wall Street of the Caribbean", due to the influence of the area on Puerto Rico and the Caribbean's economy.<ref name="mini-wall-street" /> San Juan is also home to the [[Popular, Inc.]], parent company of [[Banco Popular de Puerto Rico]], Popular Bank, [[E-Loan]], and a [[Fortune 1000]] company as of 2022.<ref>{{Cite web |last=Singh |first=Sushma |date=2022-07-23 |title=Fortune 1000 companies list in 2022 |url=https://moneymint.com/fortune-1000-companies-list/ |access-date=2022-12-23 |website=Moneymint |language=en-US}}</ref> Other companies based in San Juan include [[ATH (interbank network)|ATH Network]], [[First BanCorp]], [[Liberty Puerto Rico]], [[The Cervantes Group]], and [[Triple-S Management Corporation]]. [[Seaborne Airlines]] is headquartered on the ninth floor of the World Plaza Building in Hato Rey.<ref>"[http://www.seaborneairlines.com/about-us/general-info/ General Info]" ([https://web.archive.org/web/20150408082536/http://www.seaborneairlines.com/about-us/general-info/ Archive]). [[Seaborne Airlines]]. Retrieved on April 18, 2015. "Mailing Address: Seaborne Airlines World Plaza Building, 9th Floor 268 Muñoz Rivera Ave. San Juan, Puerto Rico 00918"</ref> === Tourism === [[File:Street art, statues in Old San Juan, Puerto Rico.jpg|thumb|''Fuente Raíces'', [[Paseo de La Princesa]]]]Technological advances after World War II in the development of the airliner, coupled with the island's climate and natural setting, have transformed San Juan into the springboard for tourism around the island, and has made the rest of the Caribbean known throughout the world during the last fifty years.<ref>Puerto Rico, Borinquen Querida - Authors; Roger A. LaBrucherie, Imágenes Press, (1992) {{ISBN|0-939302-26-8}}</ref> Today the capital features hotels, museums, historical buildings, restaurants, parks, beaches and shopping centers. San Juan is the most visited city in Puerto Rico domestically and internationally, with approximately 12.2 million passengers arriving by air and 1.8 million cruise passengers arriving by sea in 2023 according to the [[Puerto Rico Tourism Company]] and the [[Puerto Rico Ports Authority]].<ref>{{Cite web |title=Cruise passengers in Puerto Rico {{!}} Statista |url=https://www.statista.com/statistics/817537/puerto-rico-number-cruise-arrivals/ |archive-url=http://web.archive.org/web/20240909031344/https://www.statista.com/statistics/817537/puerto-rico-number-cruise-arrivals/ |archive-date=2024-09-09 |access-date=2025-01-20 |website=Statista |language=en}}</ref> Old San Juan is often emphasized in tourism campaigns, promoting the historic nature of its colonial buildings and narrow streets covered by cobblestones, a blue stone cast from furnace slag; they were brought over as ballast on Spanish ships.<ref name="Encarta" /> This includes the city's ancient defensive wall and forts, most notably [[Castillo San Felipe del Morro|El Morro]] and the [[Castillo San Cristóbal (San Juan)|Castillo San Cristóbal]].<ref name="Encarta" /> On January 23, 1984, both of these edifices together with [[La Fortaleza]] and [[Fortín San Juan de la Cruz|El Cañuelo]] (in nearby [[Toa Baja, Puerto Rico|Toa Baja]]) were included as a [[UNESCO]] [[World Heritage Site]],<ref name=":1">{{Cite web |last=Centre |first=UNESCO World Heritage |title=La Fortaleza and San Juan National Historic Site in Puerto Rico |url=https://whc.unesco.org/en/list/266/ |access-date=2022-12-23 |website=UNESCO World Heritage Centre |language=en}}</ref> catalogued as being part of humanity's cultural patrimony as part of the [[National Park Service]]-administered [[San Juan National Historic Site]].<ref>{{Cite web |title=San Juan National Historic Site (U.S. National Park Service) |url=https://www.nps.gov/saju/index.htm |access-date=2022-12-23 |website=www.nps.gov |language=en}}</ref> The restaurants and art galleries in the zone are visited by tourists and locals alike.<ref name="Encarta" /> [[File:Bacardi building in Cataño, Puerto Rico.jpg|thumb|[[Cathedral of Rum|Casa Bacardi]] in nearby [[Cataño, Puerto Rico|Cataño]] is a popular tourist attraction for those visiting San Juan.]] Outside of Old San Juan, the Puerto Rico Convention Center District (PRCC) includes the [[Puerto Rico Convention Center]], which hosts a number of local and international events throughout the year such as the [[Puerto Rico Comic Con]], the biggest of its kind in the Caribbean.<ref>{{Cite web |title=#PRCOMICCON |url=https://www.prcomiccon.com/ |access-date=2022-12-23 |website=#PRCOMICCON |language=en-US}}</ref> The [[Distrito T-Mobile|PRCC District]] also hosts a number of hotels, nightclubs, shops, cinemas, bars and restaurants,<ref>{{Cite web |title=Distrito T-Mobile |url=https://distritot-mobile.com/ |access-date=2022-12-23 |website=distritot-mobile.com}}</ref> the [[Coca-Cola Music Hall]], and the Toro Verde Eco Adventure Park.<ref>{{Cite web |title=Home {{!}} Toro Verde Eco Adventure Park Orocovis |url=https://www.toroverdepr.com/?gclid=Cj0KCQiAwJWdBhCYARIsAJc4idAsijt1S2l0Vrb-w25uCbEmD_vzyKeRIDw_o_r5mNEbm2QIC-UxcUAaAnDyEALw_wcB |access-date=2022-12-23 |website=www.toroverdepr.com}}</ref> Other notable tourist attractions in San Juan include the [[Condado Beach|Condado]] and [[Ocean Park Beach]]es, [[El Escambrón Beach|El Escambrón]] and the [[Fortín de San Gerónimo]], [[La Placita de Santurce]], the [[Luis A. Ferré Performing Arts Center]], the [[Luis Muñoz Marín Park|Luis Muñoz Marín]] and [[Luis Muñoz Rivera Park]]s, [[Plaza Las Américas (Puerto Rico)|Plaza Las Américas]], [[The Outlets at Montehiedra]], [[Señorial Plaza]], and [[The Mall of San Juan]], the [[Museum of Art of Puerto Rico]], the [[Puerto Rico Museum of Contemporary Art]], the [[Museo de Vida Silvestre|San Juan Wildlife Museum]], and the [[San Juan Botanical Garden|University of Puerto Rico Botanical Garden]], among others. The University of Puerto Rico's main campus in Río Piedras is also of interest with its [[The Quadrangle (University of Puerto Rico, Río Piedras)|historic quadrangle]] and [[Roosevelt Tower|clock tower]], its number of theaters and venues which host events such as the [[Casals Festival]]s, and a museum. San Juan is also used by tourists as a base to explore other attractions within and outside the San Juan metropolitan area, such as the [[Bacardi]] [[Cathedral of Rum]] and [[Cataño barrio-pueblo|boardwalk]] in [[Cataño, Puerto Rico|Cataño]], the "Pork Highway" of [[Guavate, Cayey, Puerto Rico|Guavate]] in [[Cayey, Puerto Rico|Cayey]], the [[bioluminiscent bay]] in [[Fajardo, Puerto Rico|Fajardo]], the beaches and street food of [[Piñones (Loíza, Puerto Rico)|Piñones]] in [[Loíza, Puerto Rico|Loíza]], and [[El Yunque National Forest]] recreational areas in the municipalities of [[Luquillo, Puerto Rico|Luquillo]] and [[Río Grande, Puerto Rico|Río Grande]].<ref>{{Cite web |last=CCISJ |date=2022-09-14 |title=Best Places to Visit in Puerto Rico from San Juan - 7 Fantastic Day Trips |url=https://sanjuanpuertorico.com/best-places-to-visit-in-puerto-rico-from-san-juan/ |access-date=2022-12-24 |website=San Juan Puerto Rico |language=en-US}}</ref><ref>{{Cite web |date=2021-08-23 |title=15 Day Trips from San Juan for 2022 (By a Local!) - Travel Lemming |url=https://travellemming.com/day-trips-from-san-juan/ |access-date=2022-12-24 |website=travellemming.com |language=en-US}}</ref><ref>{{Cite web |title=Explore more of Puerto Rico with the 5 best day trips from San Juan |url=https://www.lonelyplanet.com/articles/best-day-trips-from-san-juan |access-date=2022-12-24 |website=Lonely Planet |language=en}}</ref> ==== Post Hurricane Maria ==== An April 2019 report indicated that, by that time, repairs after Hurricane Maria were moving rapidly. Only a few hotels were still closed in San Juan and that life for tourists in and around the capital had, for the most part, returned to normal.<ref>{{cite web |url=https://www.usatoday.com/story/travel/news/2019/04/02/puerto-rico-breaks-tourism-record-while-rebuilding-hurricane-maria/3346139002/ |title=Nearly two years after Hurricane Maria devastation, Puerto Rico welcomes record number of tourists |date=2 April 2019 |publisher=USA Today |access-date=27 November 2019 |quote=Brief power outages still hit occasionally as the government prepares to privatize an aging and poorly maintained grid that was destroyed by the hurricane, and water shortages have hit parts of Puerto Rico's north coast since 30 percent of the island is experiencing a moderate drought that is affecting 791,000 of its 3.2 million inhabitants. |archive-date=November 27, 2019 |archive-url=https://web.archive.org/web/20191127164315/https://www.usatoday.com/story/travel/news/2019/04/02/puerto-rico-breaks-tourism-record-while-rebuilding-hurricane-maria/3346139002/ |url-status=live }}</ref> By October 2019, nearly all of the popular amenities for tourists, in the major destinations such as San Juan, Ponce and Arecibo, were in operation on the island and tourism was rebounding. This was important for the economy, since tourism provides up 10% of Puerto Rico's GDP, according to Discover Puerto Rico.<ref>{{cite web |url=https://www.viahero.com/travel-to-puerto-rico/puerto-rico-tourism-update |title=Nearly two years after Hurricane Maria devastation, Puerto Rico welcomes record number of tourists |date=2 April 2019 |publisher=ViaHero |access-date=16 October 2019 |quote=Almost all of Puerto Rico's hotels are open for business. The beaches are ready for swimming and sunbathing, and even remote places to visit like El Yunque rainforest are receiving visitors. |archive-date=November 27, 2019 |archive-url=https://web.archive.org/web/20191127164436/https://www.viahero.com/travel-to-puerto-rico/puerto-rico-tourism-update |url-status=live }}</ref> In late November 2019, reports indicated that 90 calls to San Juan by [[Royal Caribbean Cruises Ltd.|Royal Caribbean]] ships would be cancelled during 2020 and 2021. This step would mean 360,000 fewer visitors, with a loss to the island's economy of $44 million. As well, 30 ship departures from San Juan were being canceled.<ref>{{cite web |url=https://www.cruisehive.com/cruise-ship-visits-to-san-juan-puerto-rico-are-being-canceled/35941 |title=Cruise Ship Visits to San Juan, Puerto Rico Are Being Canceled |date=27 November 2019 |publisher=Cruise Hive |access-date=27 November 2019 |quote=Cruise ship visits to San Juan, Puerto Rico are being canceled for the 2020-21 season due to the privatization of the cruise port. |archive-date=November 27, 2019 |archive-url=https://web.archive.org/web/20191127164313/https://www.cruisehive.com/cruise-ship-visits-to-san-juan-puerto-rico-are-being-canceled/35941 |url-status=live }}</ref>
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