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| The World Travel & Tourism Council (WTTC) which has forecast an 8.4 percent increase for Trinidad & Tobago. (File photo) | |
BRIDGETOWN, Barbados, April 2, 2008 - Trinidad and Tobago's tourism sector is expected to experience the most growth in the Caribbean this year.
That projection has been made by the World Travel & Tourism Council (WTTC) which has forecast an 8.4 percent increase for the twin-island republic.
According to research by Tourism Satellite Accounting for the WTTC, St. Kitts and Nevis will see the second highest growth rate at 5.6 percent, followed by St. Lucia with 5.1 percent.
The overall projected increase for travel and tourism in the Caribbean region is 2.3 percent.
However, that growth rate is expected to increase and level out to an average of 3.2 percent each year between 2009 and 2018, which is still below the world average.
The tourism study has also revealed that the region's travel and tourism sector will generate about US$57 billion in revenue this year. It will also account for 12.9 percent of the region's employment - approximately two million jobs.
Puerto Rico is the revenue leader in the Caribbean, as travel and tourism accounts for US$10.8 billion, followed by the Dominican Republic.
Of the 12 regions that the research covered, the Caribbean is the most dependent on travel and tourism in terms of its contribution to the national economy.
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