• Tourism

    Tourism is a fast-growing sector in many emerging markets. OBG analyses the latest statistics on visitors and spending, highlighting investment opportunities. Our research covers hotel developments, government incentives, demand for leisure facilities and the MICE segment.
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What are the country’s competitive advantages in tourism over its Caribbean neighbours?

 

In 2016 news of a proposed Sandals International Resort for Tobago made headlines in the Caribbean, becoming the main talking point of Trinidad and Tobago’s tourism sector that year. The potential arrival of the international hotel chain, which already owns 24 vacation properties in seven Caribbean islands, promises to be a game changer for...

 

Traditionally a sector of secondary importance in Trinidad and Tobago (T&T), tourism is emerging as a development priority following a sharp decline in oil and gas revenues, historically the backbone of the economy. Since taking office in September 2015, prime minister Keith Rowley has designated tourism a key pillar of the national...

 

Amid fluctuating international arrivals, cruise ship tourism has stepped up and may be set to start fulfilling its significant potential in T&T after four consecutive years of steady growth. The country welcomed 100,791 cruise passengers in the 2015/16 season, up 115% on the previous season and surpassing 100,000 for the first time since...

 

With volatility in international arrivals continuing in 2016, the domestic market is increasingly viewed as a critical component of Trinidad and Tobago’s tourism industry. In recent years the domestic market has played an important stabilising role for the country’s tourism industry, particularly in Tobago, where a constant flow of tourists...

Chapter | Tourism from The Report: Trinidad & Tobago 2017

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...