ANTIGUA AND BARBUDA AMONG GLOBAL LEADERS IN TOURISM INVESTMENT

Antigua and Barbuda is one of the global leaders for travel and tourism investment as a percentage of the economy.
The information is contained in the World Travel and Tourism Council’s Travel and Tourism Economic Impact 2023 Global Trends Report.
The report points to an encouraging resurgence in travel and tourism investment, after the COVID-19 pandemic.
The 34 per cent investment by Antigua and Barbuda is marginally surpassed by only one territory, the US Virgin Islands at 35 per cent, while Aruba is third at almost 32 per cent.
The report says, “Private investment in new aircraft, hotels, and car fleets is essential for boosting the sector’s capacity. Public investment complements this growth, and together the combined investments create a powerful synergy.
The ripple effect is more jobs, bigger economies and stronger communities.”
Prime Minister Hon. Gaston Browne says it is a validation of the Government’s efforts in facilitating the growth of the country’s most important revenue-earning sector.
He also says: “It counters the lie by our political opponents that we have failed to attract investments to the island.”