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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

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