WTTC supports Caricom decision

A few days ago, Caricom announced that at its annual meeting of heads of governments in the Caribbean region, a full day of talks will be devoted to the travel & tourism industry, a move that has been applauded by the World Travel & Tourism Council. The travel and tourism industry accounts for almost 15% of total gross domestic product in the Caribbean, and should be taken seriously and strategies for its continued success be implemented.

President of WTTC Jean-Claude Baumgarten says, “The Caribbean undoubtedly depends heavily on the Travel & Tourism sector for economic wealth and as a job creator. Globally we are seeing a major slowdown in mature economies, the impact of which is being cushioned by the rapid growth from emerging markets. These new destinations are undertaking massive tourism-related investment programmes and regions such as the Caribbean must focus on its long-term development in order to compete and to fully realise and maintain its full economic potential.”

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