The British Virgin Islands saw an encouraging boost to local tourism last year. But a report from the Caribbean Development Bank (CDB) shows that the territory has considerably farther to go before local tourism returns to what it was before the 2017 disasters.
According to the CDB’s latest economic report on the BVI, “in spite of the reopening of a number of properties and the return of some major cruise lines, stay-over and cruise arrivals remained below the pre˗2017 hurricane levels”.
The CDB said the territory’s stayover arrivals fell by 55.3
Tourism is only one-half of the territory’s main revenue-earners and the regional bank confirmed that the other half — financial services — did well to pick up the proverbial slack last year.
“At the end of June, the number of active companies registered in BVI had reached 403,004, representing a 16.0
It is estimated that the BVI’s gross domestic product grew by 2.3
Portfolio responsibility for tourism falls under the Office of the Premier.
Premier Andrew Fahie, in the meantime has appointed to At-Large representative Shereen Flax-Charles as Junior Minister of Tourism.
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