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Signs of growth.

Barbados' tourism sector has begun to show signs of growth. In 2014 long stay visitor arrivals increased for the first time in two years by 2.2% to 519,638 visitors, compared to the previous year, it was reported Feb. 24, 2015. Chairman of the Barbados Tourism Marketing Inc. (BTMI), Alvin Jemmott, explained that while there was still some way to go to restore all of the market share lost during the past few years, it was encouraging news for the destination. Tourism is still the best hope for Barbados' economic recovery, as it generates some 12% of the island's foreign exchange earnings, which are estimated at $4 billion. There was also a record-breaking number of arrivals in December 2014 when Barbados welcomed 56,132 long stay visitors, the highest on record in any given month since the April 2007 ICC Cricket World Cup. BTMI CEO, William Griffith, explained that the growth in arrivals was due largely to marked economic recovery and growing consumer confidence in the United Kingdom. Barbados' UK arrivals grew by 11% in 2014 to reach 186,858 visitors or 37% of Barbados' total arrivals.

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Title Annotation:BARBADOS; Barbados' tourism sector economic recovery
Comment:Signs of growth.(BARBADOS)(Barbados' tourism sector economic recovery)
Publication:Caribbean Update
Article Type:Brief article
Geographic Code:5BARB
Date:Apr 1, 2015
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