Nation e-Edition

Looking to tourism

Looking to tourism Central Bank Governor Dr DeLisle Worrell. (FP)

By Geralyn Edward, Business Editor | Wed, October 31, 2012 - 12:10 AM

Barbados has had a disappointing economic report so far this year, and now the island’s growth prospects for 2012 are hinging largely on the coming winter tourist season.

Governor of the Central Bank of Barbados Dr DeLisle Worrell reported yesterday also that tourism – the island’s main economic engine – had declined 3.7 per cent in its contribution to economic activity.

“Long-stay arrivals have declined by five per cent for the period January to August, a reflection generally of the weak consumer demand across source markets. The number of tourists travelling from the UK declined by ten per cent,” Worrell disclosed.

The Governor revealed the tourism industry’s decline had contributed significantly to job losses so far this year.

The island’s unemployment rate continued its upward trajectory, according to the report climbing to 12.5 per cent at the end of June.

Please read the full story in today’s MIDWEEK NATION, or in the eNATION edition.

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Posted by Kenneth King 2 years ago
Tourism will not get better unless the prices in Barbados are adjusted, our country is too expensive and the cost of living are way to high; I don't care how much economics you study this just does not ad up. I am just worried in 20 years from now what would be the average cost for a plate of food on the table.
If measures are not put in place for consumer control and the way of over priced goods on the market that are sold in other countries for far less, I say we are burying Tourism and causing even more hardships for poor Barbadians. Too many people are living over their means and struggling to make ends meet, I've seen a normal bath cream that cost 70 cents being sold here for over 10$ Bds. ridiculous

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Posted by J. Payne 2 years ago
As a newspaper in T&T put it, Sandy is going to be another September 11th again for the Caribbean. "The economic impact of Hurricane Sandy will be as bad as the September 11 terrorist attacks in the US, says Prof Norman Girvan, former secretary general of the Association of Caribbean States." . . . “I believe that everybody’s first priority will be in securing their homes and assisting in recovery operations. I expect that this will take place for the next few weeks, but incomes are going to go down because of not being able to get to work. There will be expenses in terms of repairs,” Girvan said.

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Posted by J. Payne 2 years ago
So after all that big spending based on money not likely to come in how much will you all Minister's be cutting wunna salary to fix back the budget?

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Posted by Pan Wallie 2 years ago
Looking to benefit from tourism this winter? Hhhhmmmmm!!!!!!

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Posted by Chris Wright 2 years ago
Please don't forget that there is a world economic problem still existing. What I have noticed in talking with people here in the USA is that many think they get a better "bang for the buck" on a cruise. If one were to check the number of massive cruise liners being built, proves the cruise industry is trying to make an impact on tourists making reservations for destinations which include hotel, airfare, and meals. Something to ponder.

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Posted by Kenneth King 1 year, 12 months ago
Chris that sounds good to a certain extent, because what these ships are doing are trying to hold on to every penny they can get so, to stop in a port maybe for a few hours are not any real help to us. If we are going to make this a marketing strategy then we will lose out. We must concentrate at home here and how we can create good jobs in this industry which intern can help a wider economic spectrum across the country and not only one concern.
These Firms with big bucks building all those ships are trying the Flight out of business as they are so many problems with the industry, with seating capacity etc...but there are many travelers like myself who do not like being for so many hours in the Ocean; therefore Hotels should think again of fixing those extravagant prices for a room. You can get a good room in Europe for 85€ euro with breakfast 3-4 star Hotel, that same room here cost over 200$ bds. I'm not saying we cannot make a good profit but what does it cost in the long run to have your business half empty when you can maybe have 80% during the year as to 40% winter only.I have mentioned it on many times here, spain, Portugal, Turkey and even Italy most Europeans are going to each year because of our high cost of living. You can argue how wonderful our beaches are but in this countries they have the same. The next disadvantage for also is that the distance as to a few hours to these other destinations...we must think and quickly before its to late.

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