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Russians replace wealthy Western visitors on Venezuela’s down-at-heel holiday island

On Margarita Island, derelict hotels stand on dead streets after a decade-long downturn stripped the ‘pearl of the Caribbean’ of its lustre

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An abandoned hotel on Margarita Island, Venezuela. The Caribbean paradise is in decline after years of devaluations, inflation and the collapse of public services. Photo: AFP

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.

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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
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
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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