As efforts to restore macroeconomic stability and diversify Trinidad and Tobago’s economy gather pace, the political emphasis on tourism is likely to continue, along with increasing private sector pressure to boost marketing. Tourism contributed 2.9% of GDP in 2016, generating $806.4m. The mixed performance of recent years could continue in the near term. However, the sector is expected to...
The Americas Tourism
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After facing headwinds such as depressed international energy prices, and rising debt and fiscal imbalances, Trinidad and Tobago’s economic recession appears to be turning a corner, with GDP growth projected to climb to 0.3% in 2017 and 3.4% in 2018. As one of the largest and most diversified economies in the English-speaking Caribbean, the country is beginning to benefit from the new administration’s process of fiscal adjustment and economic diversification, spurred on by an ambitious public works pipeline.
Economic update | El Perú busca el crecimiento de los ingresos turísticos tanto en el mercado doméstico como en el internacional
26 Jun 2017
Las inversiones en campañas de mercadeo y los esfuerzos llevados a cabo en alcanzar nuevos acuerdos en el sector de la aviación parecen estar dando sus frutos para el sector turístico peruano, el cual ha experimentado un crecimiento importante tanto en ingresos como en número de visitantes extranjeros.
Articles & Analysis | Peace, investment and promotion drives tourism in Colombia from The Report: Colombia 2017
Despite Colombia’s extensive natural beauty and bustling cities, its tourism industry has traditionally underperformed relative to its actual potential. Much of the sector’s performance was previously tied to the security situation and the government’s long-running conflict with the armed militant group FARC. In recent years the security...
Interviews & Viewpoints | María Claudia Lacouture, Minister of Commerce, Industry and Tourism: Interview from The Report: Colombia 2017
What are the main challenges and opportunities facing the development of the tourism sector?
Articles & Analysis | Colombia's tourism sector welcomes new hotels from The Report: Colombia 2017
Economic stability and enhanced security have drawn interest from hotel groups looking to capitalise on increased business and investment activity in Colombia. However, recent falls in oil export revenues have reduced fiscal incentives to expand tourist infrastructure, and the hospitality industry is hoping that the rising number of tourists...