#Providenciales, May 11, 2019 – Turks and Caicos – Hotel and
Tourism companies in the Turks and Caicos Islands spent $25 million dollars on
marketing for the destination in 2018 alone; it has resulted in double digit
growth for the islands despite the trauma caused by back to back hurricanes
just the year before.
As one of
the presenters today at the Turks and Caicos Conference, TACC which is hosted
by the TCI Tourist Board; Mr. Todd Foss, President of the Turks and Caicos
Hotel and Tourism Association said the tradition of promoting individual
properties and the islands simultaneously is a near 30-years-old.
“Today
that practice is, I believe, unique to the country and still exists. In fact, our hotel members and our allied
members spent $25 million last year on marketing on the island destination.
With the hard work of the Tourist Board, the Hotel and Tourism Association
members and you, our travel partners, Turks and Caicos has become one of the
most sought-after destinations in the Caribbean, perhaps the world and a little
less of a secret than it used to be.”
Mr. Foss
gave the history of the tourism industry of the country; citing pivotal
developments and investments and negotiations which turned the islands from
being an unknown jewel to becoming the home to what is continuously rated as
the World’s #1 Beach, Grace Bay Beach.
“Today we
welcome over 600 thousand visitors staying in more than 3,600 of our hotel
rooms or villas; the industry is the largest source of revenue for the
government and the biggest contributor to the GDP.”
When TCI Tourist Board Director, Ramon Andrews made his presentation, he quantified the financial impact of tourism as accounting for 46.5 percent of the country’s GDP due to direct taxes collected from accommodation tax, which earns 35.87 percent; condo taxes at 5.83 percent of annual revenue; restaurant taxes account for 2.18 percent; airport taxes are at 1.62 percent; land transportation taxes are .77 percent of government revenue, while sea transportation taxes are .22 percent of the revenue.
#magneticmedianews
#25millionspentfors2018tcimarketing