The Tobago Hotel and Tourism Association (THTA) has responded to the recent pronouncements related to tourism in the 2024 budget presentation.
On September 30, during the 2024/2025 budget presentation by Finance Minister Colm Imbert in the Red House, Port of Spain, said Tobago was allocated $2.599 billion for the fiscal year. Imbert said the THA will receive 4.35 per cent of national budget. He further announced plans to construct a five-star hotel in Buccoo and a marina in Lowlands in 2025. The construction of the marina and hotel, he said are among several special projects the government is hoping to begin next year as it seeks to boost economic development in Tobago.
In a press release on October 2, the association said a more thorough analysis is still pending, but at first glance there would appear to be little change in the amounts allocated for recurrent expenditure and a significantly reduced allocation for capital development on the island of Tobago as a whole.
“We welcome the initiatives to increase Tobago’s hotel room stock via new hotel developments. However, such announcements have been made in the past without coming to fruition. Additionally, the support by way of marketing for the destination and by extension the accommodation sector is woefully inadequate and therefore seems mismatched and therefore likely to result in failure in the broader scheme.”
The release went further noting that the property now known as Magdalena Grand Beach & Golf Resort; a government owned asset, has been the recipient of significant government injections historically and this year it is again been seen that the property be provided with funding to the tune of $56 million for general repairs and refurbishment.
It noted that comparatively, the Tobago Tourism Agency Ltd (TTAL) with responsibilities for all destination marketing, inclusive of international Trade Shows, is carded to receive only $42 million which is woefully inadequate and pales in comparison to the $56 million allocated to Magdalena Grand whilst the maintenance and upgrade of any facility should be of utmost priority to any owner.
“We at THTA believe that increased marketing and airlift support would redound to improved accommodation statistics and revenues; the resultant effect, a benefit to the entire island and requiring less taxpayer dollars given that the sector it would now be better positioned.”
It added: “We would also have welcomed investment in the Tobago Hospitality and Tourism Institute as the only operating institute of its kind in TT, it is a first and mandatory step to preparing the population for increased job opportunities in the tourism sector, both now and when new hotel developments come to fruition.”
[caption id="attachment_1112406" align="alignnone" width="1024"] Mike Walmsley, chairman of the marketing committee of THTA, left, operates a 'pop up' at C3 Centre in San Fernando on August 31. - Photo by Venessa Mohammed[/caption]
The association also believes that an opportunity was missed to introduce measures to
