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TCI Economy could lose $460 million in Tourism job cuts and slashed salaries, says TCHTA & KPMG survey

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#TurksandCaicosIslands – May 7, 2020 — Tourism sector employers in the Turks and Caicos Islands believe they will have to gradually decrease basic salaries to their staff and may eventually have to lay-off workers, up to 44 per cent of them, as the COVID-19 crises continues to paralyze the travel industry.

The shocking findings herald a possible collapse of the Turks and Caicos economy and are revealed in a survey conducted by KPMG and commissioned by the Turks and Caicos Hotel and Tourism Association, TCHTA. Compelling statements and suggestions are made to the TCI Government about possibly decreasing the economic disaster which looms now, due to the unprecedented pandemic.

An excerpt from the survey report says:  “If the effects of the pandemic are thought to continue for another six months the monthly fall, based on monthly payroll data of respondents, will be US$46m which for the period April to October represents a cumulative fall (including April) in economic activity of approximately US$300m.”

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Stretch out any continued negative impacts on travel and tourism due to the Coronavirus, the Turks and Caicos could see economic activity usually enjoyed due to the employees resident within these islands, plummet by as much as US$460m over nine months.

More than 5,600 employees are represented in the report by a range of employers who were surveyed from April 12-20; the cumulative pay for this sampling of workers in hotel and tourism is estimated at $11.9 million per month. 

While there is no concrete number of how many TCHTA members were included as the source of the survey data, KPMG informed that 48 per cent of those surveyed had between one and 20 staffers; 31 per cent of responders employ between 21-100 people; twelve percent of the employers have from 101 to 500 staff members and nine per cent of those who completed the survey questions, employ over 500 people.

It was revealed that since the impact of the pandemic on this tourism destination, fifty-six percent of employees were retained, 30 percent were furloughed or temporary laid off and 14 percent have been terminated.

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Currently the islands have zero tourists with all ports of entry closed to visitors during the public health crisis; so the leading industry is already in dire straits. The KPMG survey exposes there is still more ground to loose however, including the loss of spending by the employees from the country’s leading industry.

Food shopping to rent to fuel and school fees, dining, banking, services, utilities and entertainment will all suffer tremendous decreases in business activity if 44 percent of the industry workers are laid off and if the remaining 56 per cent are not able to receive their full pay.

KPMG explained it this way:  “… it is clear from the survey results that the percentage of base pay being paid in April is not sustainable. Fifty-nine per cent of employers indicated that at the end of April they will have to reduce this percentage of basic pay which will reduce the level of economic activity even further particularly when taking into account the 44 per cent of the workforce that will be let go shortly.”

One solution put forth in the document is a government supported staff retention program.

“Seventy per cent of employers indicated they would be willing to contribute to some form of a Coronavirus staff retention program (“the program”) which would be a program, ideally backed by new legislation, which ensures current employees continue to be employed and receive some pay even though there may be no work for them for a certain period. Employees would also have their continuity of service maintained.  They would not be considered to be unemployed. The program would be voluntary with “Participating Employers” and “Non-Participating employers.”

With tourism salaries contributing as much as $55 million per month to the country’s GDP, according to the survey, there is an unequivocal message being transmitted: that Government’s support of a staff retention program would mitigate the severity of further fall out in the face of COVID-19.

In the end, it is stated within the TCHTA and KPMG survey report:  “No economy the size of TCI’s can sustain such dramatic falls in economic activity.”

Magnetic Media is a Telly Award winning multi-media company specializing in creating compelling and socially uplifting TV and Radio broadcast programming as a means for advertising and public relations exposure for its clients.

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News

Traffic Death again, a woman dies and two others hospitalised

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#TurksandCaicos, June 23, 2024 – Magnetic Media can inform that, yes there has been another traffic death in Providenciales and reports say it’s a woman who didn’t make it out of a three car smash up.

Almost, exactly 24 hours after a deadly collision was recorded in wee hours of Saturday morning came news, this morning, of a second death by motor vehicle accident.

“I can confirm the Police Control Room received a call during the early hours of this morning involving a serious accident on Leeward Highway. One person (female) died while others were rushed for medical treatment,” said Denyse Renne, media officer for the Royal TCI Police.

The Cheshire Hall Medical Center, which had already suspended visitation due to security concerns in the wake of four murders between Friday and Saturday in Provo, has restricted its Emergency Room to emergencies only.

TCI hospitals citing the unusually high demand for urgent medical care to multiple patients as the reason for the restriction.

While it is widely reported that the person who died in the traffic accident on Leeward Highway near Pratt’s Road is a female tourist, police say they’re investigating.

It’s been a total of six lives lost in startling incidents in the past day in Providenciales.  The tragic circumstances of the car accidents and sheer violence of the shootings have sent shockwaves throughout the country leaving residents utterly bewildered.

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Crime

Five Cays Shooting Death

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***MEDIA RELEASE***

June 22nd, 2024.

Homicide detectives of the Royal Turks and Caicos Islands Police Force are actively investigating a murder in Five Cays, Providenciales.

Initial reports indicate that shortly after midday, the Police Control Room received several calls stating that gunshots were being heard in the area of the Community Center.

RT&CIPF officers responded to the given location and found the lifeless body of a male with what appeared to be gunshot wounds about the body.

The RT&CIPF is asking anyone with information that may help in this investigation to contact the closest police station, 911, the Serious Crime Unit at 231-1842, or Crime Stoppers at 1-800-8477 to provide any information anonymously.

Additionally, individuals are encouraged to download the Crime Stoppers P3 app to share information.

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News

Rescued

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Media Release

June 22nd, 2024.

 

Two occupants of an aircraft were rescued around 3:28 p.m. today (June 22) following an intensive sea search around Providenciales.

The occupants –two males- are currently receiving medical attention.

The Royal Turks and Caicos Islands Police Force can confirm that shortly after midday, the Air Tower received a report regarding an aircraft landing on water (ditching) approximately 11 miles from Northwest Point, Providenciales.

The aircraft had departed from the United States and experienced engine failure.

Having received reports of the incident, a Strategic Coordinating Group with representation from the RT&CIPF, the TCI Civil Aviation Authority, the Airport Authority, the Department of Disaster Management and Emergencies, and the Ministry of Health was activated to coordinate the search and rescue.

The group worked closely with partners from OpBat and received confirmation that a United States Coast Guard helicopter had successfully rescued the two persons after three hours.

The victims were brought ashore.

Acting Assistant Commissioner of Police Mat Newton said, “I wish to express my profound gratitude and acknowledge the invaluable support of our national and international partners.

“This successful rescue operation is a testament to our collective strength and coordination. With the full support from our US partners and the local marine community, I extend my heartfelt thanks to our OpBat partners and the crew of the US Coastguard helicopter, as well as the Marine Branch of the RT&CIPF, the staff of the Department of Environment and Coastal Resources (DECR), the Department of Fisheries and Resources Management, Caribbean Cruisin, and vessels from the TCI Search and Rescue Association.

“We are now in the process of initiating an investigation into the accident in close liaison with the Civil Aviation Authority.”

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