Caribbean Times 2nd Issue - Tuesday 27th September 2016
Caribbean Times 2nd Issue - Tuesday 27th September 2016
Caribbean Times 2nd Issue - Tuesday 27th September 2016
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<strong>Tuesday</strong> <strong>27th</strong> <strong>September</strong> <strong>2016</strong> c a r i b b e a n t i m e s . a g 9<br />
Minister of Tourism, Hon.<br />
Asot A. Michael World<br />
Tourism Day Remarks<br />
A pleasant Good Morning, to the nation<br />
of Antigua and Barbuda.<br />
Today, we’re celebrating World Tourism<br />
Day. Founded by the World Tourism<br />
Organization, a specialized agency of<br />
the United Nations, the day is geared to<br />
foster awareness among the international<br />
community of the importance of tourism<br />
and its social, cultural, political and economic<br />
value.<br />
<strong>September</strong> 27 th is the day is set aside<br />
on the United Nations Calendar each year<br />
in celebration, and to mark our efforts –<br />
to highlight tourism’s potential to contribute<br />
to our Sustainable Development<br />
Goals (SDGs) and to address some of the<br />
most pressing issues facing the tourism<br />
industry today.<br />
Globally, Tourism accounts for 9.8%<br />
of the GDP – US$7.2 trillion, the travel<br />
& tourism sector employs 7 times more<br />
people than the automotive industry, and<br />
represents 1 in 11 jobs – 284 million people<br />
employed in the industry.<br />
For the fifth consecutive year, the<br />
outlook for Travel & Tourism in <strong>2016</strong><br />
remains robust, despite economic fragilities<br />
and other sources of volatility<br />
in the wider market. The GDP’s growth<br />
contribution is expected to accelerate and<br />
again outpace growth of the wider economy.<br />
Stronger growth in <strong>2016</strong> is likely to<br />
be underpinned by an improving global<br />
economy, the lowest oil prices in more<br />
than a decade, and overall household finances<br />
and disposable income will benefit<br />
from reduced energy costs.<br />
Saying this, in the last year, safety<br />
and security concerns have moved into<br />
the spotlight, with recent incidences in<br />
Europe and we have to assume that these<br />
issues will continue to cause individuals<br />
concern. Thankfully, Antigua and Barbuda<br />
has an incredibly strong safety record.<br />
In fact we have made the decision to emphasize<br />
this strong selling point and so<br />
we will ensure that we consistently share<br />
this message with potential visitors. We<br />
are actively working to ensure that this<br />
standard is maintained so our visitors can<br />
feel safe when traveling to and spending<br />
their vacations in Antigua and Barbuda.<br />
Other factors influencing the flow of<br />
travelers around the world include the<br />
strength of the US dollar relative to other<br />
currencies and the shifting price of competitiveness<br />
of destinations.<br />
This is of course the viewpoint on a<br />
global level. Drilling down to the <strong>Caribbean</strong>,<br />
the total contribution of the travel<br />
& tourism sector to the regions GDP in<br />
2015 was US$53.1 billion, and is forecast<br />
to rise by 2.7% in <strong>2016</strong>. It supported<br />
13.3% of total employment (2,255,000<br />
jobs) and is expected to rise by almost 1%<br />
this year to 2,276,000 jobs. Of the 12 regions<br />
in the world, the <strong>Caribbean</strong> ranked<br />
the highest as having the travel and tourism<br />
sector contribute to the GDP based<br />
on relative size. Essentially: the <strong>Caribbean</strong><br />
is the region most reliant on travel<br />
and tourism to building the economy in<br />
the entire world. For us at home Tourism<br />
continues to be the most critical industry<br />
underpinning our local economy.<br />
For Antigua and Barbuda, travel and<br />
tourism contributed to 57.1% of the GDP<br />
in 2015 and is forecast to rise by 3.5% in<br />
<strong>2016</strong>. In regards to employment, 51.6%<br />
of total employment – 18,500 jobs –<br />
were directly and indirectly supported by<br />
the industry. This is expected to rise to<br />
18,500 jobs this year.<br />
I share these figures with you so that<br />
everyone can truly understand the importance<br />
of the travel and tourism industry in<br />
Antigua and Barbuda. We aren’t speaking<br />
in platitudes and nebulous agendas.<br />
Travel and tourism is the lifeblood of the<br />
economy of Antigua and Barbuda, and<br />
Tourism Minister, the Hon., Asot Michael<br />
therefore the future and growth of our<br />
wonderful country relies on the success<br />
of travel and tourism. The charge that I<br />
constantly give to every member of the<br />
teams in the Ministry of Tourism and The<br />
Tourism Authority is that peoples’ hopes,<br />
dreams, livelihood and future are directly<br />
related to their work. Their jobs are making<br />
a difference for people’s lives.<br />
The good news is that <strong>2016</strong> has been<br />
a strong year for tourism, as we have seen<br />
double-digit growth in visitor arrivals.<br />
Even better news is that not only are we<br />
increasing our visitor arrivals, the visitors<br />
are also spending more money while<br />
on-island. Data from the Eastern <strong>Caribbean</strong><br />
Central Bank shows that visitors<br />
spent around 40 million EC dollars more<br />
in Antigua and Barbuda for the first three<br />
months of this year (so January through<br />
March) over the same time period, with<br />
just over 314 million EC being spent. We<br />
expect that this increase in spend which<br />
is directly linked to visitor air arrivals<br />
will be reflected throughout the rest of<br />
the year, hopefully exceeding projected<br />
growth.<br />
In addition, we have been fortunate<br />
to announce the start of multiple new<br />
tourism construction projects, including<br />
re-opening Ocean Point for the incredibly<br />
popular Eden Viaggi/Alitalia charter<br />
and re-opening of Pineapple Beach Club<br />
next month with renovations and rebrand<br />
as an adults only resort. The Hodges Bay<br />
Resort and Spa is set to open in March of<br />
next year – meaning we’ll have an entirely<br />
new high-end property with one-bedroom<br />
suites, villas, and townhouses to<br />
cont’d on pg 10