Though tourism plays a significant role in T&T’s economy, unlike other Caribbean economies, it is not the most important sector. Its total contribution to GDP in 2013 was $1.26bn, or 3.1%, and the industry directly and indirectly employed 27,500 people, or 4.5%. In the past decade, arrivals have fluctuated between a low of 388,000 in 2010, reflecting the global slump in 2008-09, and a high...
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Articles & Analysis | Figuring out how to make the most of Trinidad and Tobago's Carnival festivities from The Report: Trinidad & Tobago 2015
The country’s annual Carnival celebration is a unique and distinctive event, and as such has the potential to play an even greater role than it already does in the local tourism industry. National Geographic magazine lists the Carnival in Trinidad and Tobago as one of the world’s “Top 10 Pre-Lenten Celebrations”, noting that the custom was started in...
Interviews & Viewpoints | Keith Chin, CEO, Tourism Development Company (TDC): Interview from The Report: Trinidad & Tobago 2015
Articles & Analysis | Trinidad and Tobago is looking to attract a larger share of visitors to the region from The Report: Trinidad & Tobago 2015
Tourism plays a significant role in Trinidad and Tobago’s economy. But unlike much of the rest of the Caribbean, where tourism is the most important industry, in T&T it is of secondary importance, behind the energy sector and on a somewhat lower level than financial services and manufacturing. Like Cuba, T&T differs from the rest of its Caribbean peers because it...
Articles & Analysis | A proposed southern loop could help boost the number of cruise ship visitors to Trinidad and Tobago from The Report: Trinidad & Tobago 2015
The contribution of cruise ship visits to the wider tourism industry is subject to some debate. It is generally agreed that Trinidad and Tobago receives fewer cruise ship visits than other parts of the Caribbean. Some propose policies to correct this and try to attract more ships. Others argue that cruise ship tourism – described as bringing in large numbers of visitors...
Articles & Analysis | New convention centre in Panama expected to provide significant boost to tourism from The Report: Panama 2015
Buoyed by increasing connectivity and promotional efforts at the international level, Panama’s meetings, incentives, conventions and exhibitions (MICE) segment has seen stable growth in the past few years. Panama forms a key part of the MICE market in the Central American region, and the short-term outlook for the segment is promising. Expansion of MICE infrastructure,...