Question

Discussion the changes in the Tourism industry in St.Vincent and the Grenadines

Answer 1

Background Information

"Saint Vincent and the Grenadines" is an island country that lies within the Lesser Antilles (in the eastern Caribbean Sea). It is a 150 sq mi territory and includes a chain of 32 smaller islands including Saint Vincent.

It is an agriculture-based economy. However, due to the recent establishment of airports throughout the Island, tourism sector has witnessed hyper growth. Moreover, The recent filming (of the Pirates of the Caribbean movies) on the island has created a magnetic effect with an increase of potential visitors and investors.

The coral reefs and fine beaches of the Grenadines are the focal point of the country’s tourism sector. It has become a tourism spot in yachting and sport fishing. Tourism of Caribbean is popular for sun, sea, and sand. Ecotourism is accelerating on the main island, Saint Vincent.

As per the report of the International Monetary fund, The government is planning to initiate several developmental projects in the tourism industry.

Moreover, the report of the "World Travel and Tourism Council" has disclosed the following facts and figures related to St.Vincent and the Grenadines:

1. Total Contribution of "Travel and Tourism" to Gross Domestic Product

In the recent past, the total contribution of Travel and Tourism in the economy of "St.Vincent and the Grenadines" has been 23.4% (USD184.6mn) of GDP in the year 2017. It is expected to reach 30.9 % of GDP by 2028.

2. Employment provided by Travel and Tourism sector

Employment provided by Travel and Toursm sector has been 21.5% of total employment i.e. 9,500 jobs in the year 2017. And it is expected to grow in near future.

So tourism industry in St.Vincent and the Grenadines has witnessed tectonic shift with the establishment of airports,