
Prior to the construction of the Panama Canal, Stanley was a major repair stop for boats traveling through the Straits of Magellan. The rough waters and intense storms found at the tip of the continent forced many ships to Stanley Harbour, and the ship repair industry helped to drive the island economy. Later, support for the Antarctic sealing and whaling boats became a major industry. Today, the vast majority of the town's residents are employed by the government, with tourism also being a major source of employment; on days when two or more large cruise ships dock in the town tourists may outnumber the local residents.
Arrivals to Stanley either come by boat or from the airport. Most large cruise ships will dock near the center of town and allow passengers time to roam the city and possibly take trips by vehicle to nearby wildlife sites. When arriving by air, passengers will come in from Mount Pleasant airport, which is located 56 km from town. Taxis and a shuttle bus can drop passengers off anywhere within the town. The smaller airport located just outside of town is used for domestic flights, although it is possible to land on an international flight at Mount Pleasant airport and then take a domestic flight to Stanley.
The majority of shops in central Stanley cater to the huge number of cruise ship passengers that pass through the town in the summer.