Connect with us

TCI News

Covid tourism hit at $94 million; TCI No. 1 globally for GDP percentage loss

Published

on

#Providenciales, Turks and Caicos Islands – August 25, 2020 – Turks and Caicos has lost $94 million in revenue due to Covid-19, the highest percentage loss of GDP in the world according to a news report which extrapolated data quantifying the enormous blow to the industry.

London-based, TTRWeekly.com explains the data is drawn from the World Travel and Tourism Council report on the impact of Covid-19 on the travel industry.  The GDP data, said the online article, is taken from the World Bank up to July 2020.

Five Caribbean region countries make the list of most lost by percentage and overall, the Caribbean islands make up 50 percent of those who have suffered the highest percentage loss in GDP.

Advertisement

In that Top 10 world list are also Aruba, Antigua and Barbuda, St. Lucia and Grenada.

Premier of the Turks and Caicos Islands, Sharlene Robinson was asked about this ghastly reality.

“Because we are heavily dependent upon tourism, of course our GDP will be seriously impacted; that is something that I announced two weeks ago,” said the Premier and Finance Minister in a press conference today.

In July, the Premier announced the Turks and Caicos Islands economy contracted by 26 percent since the pandemic gripped the globe.

It is estimated that travel and tourism has taken a $195 billion hit in the first four months of 2020 alone due to Covid-19.

Beaches Resort, TCI largest private sector employer remains closed due to COVID-19 impact on travel and tourism; planned reopening in October

The biggest loss in tourism revenue was over $30 million, suffered by the United States; the figure in the ESTA (Electronic System for Travel Authorization) report is reflective of .15 percent of US annual GDP.

For Turks and Caicos, this meant a 9.23 percent loss in revenue to the country or $94 million.

“CARICOM had put out some figures – putting our loss in the region in the billions. So we can appreciate that we are just heavily dependent upon tourism so there will be a serious fall out for us in loss…”

The country’s Opposition Party Leader and former Finance Minister, Washington Misick, last week said the Turks and Caicos Islands was in a “deep recession.”

The TCI Premier today said, “not yet.”

According to the World Tourism Organization: “International arrivals declined 97% in the month of April, reflecting travel restrictions in 100% of all destinations worldwide, amid measures to contain the spread of the COVID-19 pandemic.  This represents a loss of 180 million international arrivals compared to the same period of 2019, which translates into US$195 billion in lost international tourism receipts (export revenues).  By regions, Asia and the Pacific, the first region to suffer the impact of the pandemic, saw a 51% decrease in arrivals in January-April 2020. Europe recorded the second strongest decline with 44% fewer arrivals, followed by the Middle East (-40%), the Americas (-36%) and Africa (-35%).”

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.

News

Statistics Authority Highlights Trade Data as Turks & Caicos Records $227M in Imports for Q4 2025  

Published

on

Turks and Caicos, March 18, 2026 – The Turks and Caicos Islands Statistics Authority is highlighting the importance of reliable economic data following the release of its latest Trade Statistics Bulletin, which shows the country recorded approximately $227 million in imports during the fourth quarter of 2025.

The detailed report provides a clear breakdown of where goods entering the Turks and Caicos Islands are coming from, the types of products being imported, and the revenue generated from trade-related activity. The figures offer valuable insight into the level of economic activity across the country and the continued demand driven by tourism, construction, and consumer spending.

According to the bulletin, the United States remained by far the largest supplier of goods, accounting for more than $200 million in imports during the quarter. This represents the majority of all goods entering the Turks and Caicos Islands and reflects the territory’s long-standing dependence on U.S. markets for food, fuel, machinery, building materials, and consumer products.

The Dominican Republic was the second largest source of imports, supplying just over $4.1 million in goods, while The Bahamas ranked third, with approximately $1.8 million in imports recorded for the period. The report also noted increasing trade with countries such as China, Panama, Switzerland, Poland, and India, showing that businesses continue to expand their supply networks beyond traditional partners.

In terms of the types of goods being imported, the bulletin shows strong activity in categories such as food and live animals, mineral fuels, manufactured goods, machinery and transport equipment, and chemicals, all of which are essential to supporting the tourism industry, infrastructure development, and everyday life in the islands.

The report also tracks revenue collected from international trade, including fuel tax, customs processing fees, and motor vehicle licensing, providing another measure of economic performance during the quarter.

Officials say the quarterly Trade Statistics Bulletin is an important tool for government, businesses, and the public, offering accurate information presented through clear tables, charts, and graphics that make complex data easier to understand.

For a small, import-dependent economy like the Turks and Caicos Islands, access to reliable statistics remains critical. By continuing to publish detailed trade reports, the Statistics Authority helps ensure that decisions about growth, investment, and development are based on sound information.

Continue Reading

News

Department of Tourism Regulations Achieves 90% Compliance in Accommodation Enforcement Initiative  

Published

on

Providenciales, Turks and Caicos Islands – Wednesday, 18 March 2026: With enforcement initiatives ongoing for 2026, the Department of Tourism Regulations is proud to report that 90% of tourism accommodation properties were registered in 2025.  Using data from AirDNA, approximately 1,300 properties were identified across Turks and Caicos, with over 1,200 now accounted for in the Department’s licensing system.

The initiative was led by Quality Assurance Officer Donessia Skippings and Regulations Specialist Sasha Arthur, who coordinated the preparation and distribution of enforcement letters nationwide and managed the inspection schedule for Accommodation Controllers Kevin Lightbourne, Claudenise Jean, and Patral Handfield. The team carried out the enforcement drive while maintaining their regular responsibilities for licensing tourism accommodation properties.

The Department first notified the public of the Enforcement Letter Initiative in July 2025, as part of its mandate to uphold tourism standards and enforce a zero-tolerance approach to non-compliance with the Tourism Regulations Ordinance 2023. The initiative has resulted in a significant increase in registered properties, rising from 50% compliance the previous year to 90% in 2025.

Tourism Accommodation Inspectors and Controllers are trained to assess factors that enhance the guest experience in line with international tourism quality standards. The inspection process ensures that properties meet key safety and service criteria, helping to prevent situations where a visitor’s experience could be compromised due to missing or inadequate amenities. For example, proper pool safety signage helps reduce the risk of guest injuries. Compliance also contributes to the broader development of Turks and Caicos, as fees collected support infrastructure development and the maintenance of government assets.

By partnering with the Department of Tourism Regulations, property owners help strengthen the tourism product and reinforce the reputation of Turks and Caicos as a trusted destination, giving stakeholders confidence when welcoming visitors and assuring them that their properties meet the standards approved by the Turks and Caicos Islands Government.

Director Avi Adams, commenting on the success of the initiative, stated: “I commend the responsiveness of those who have received letters and taken the necessary steps to become licensed. Your cooperation is vital in safeguarding our tourism industry and preserving it for future generations. Enforcement continues in 2026; we encourage property owners and managers to renew their licenses promptly to avoid fines or legal action. We look forward to seeing even stronger compliance numbers in the year ahead.”

“Achieving 90% compliance in accommodation registration is a significant milestone for the Turks and Caicos Islands and is a clear indication that our enforcement efforts are working and that accountability is strengthening across the sector. We will continue to take a firm but fair approach to enforcement, as maintaining standards is essential to protecting the integrity and global reputation of the Turks and Caicos tourism industry.”

Continue Reading

News

TCI Tourism push continues at Routes Americas as officials target more flights and long-stay visitors

Published

on

Turks and Caicos, March 18, 2026 – After recording more than 750,000 stayover visitors in 2025, the Turks and Caicos Islands is continuing to build on its post-pandemic tourism recovery, with officials saying consistent international marketing and stronger airline partnerships remain critical to keeping the destination on its upward growth path.

Since rebounding from the sharp decline caused by the COVID-19 pandemic, the British Overseas Territory has seen steady increases in long-stay arrivals, the segment considered most important to the economy because visitors arriving by air typically spend more and stay longer than cruise passengers.

That focus was on display this week as representatives from the Turks and Caicos Hotel and Tourism Association, the Turks and Caicos Airports Authority, and Experience Turks and Caicos joined the national delegation at Routes Americas 2026 in Rio de Janeiro, Brazil, one of the aviation industry’s most important networking events.

Routes Americas brings together more than 700 aviation and tourism decision-makers, including representatives from over 70 airlines, airports and destination authorities from across the Americas, who meet to discuss new routes, expanded flight schedules and future travel demand. The event is widely regarded as a key forum where airline network planners and tourism leaders make decisions that can directly influence which destinations gain new flights.

For destinations like the Turks and Caicos Islands, where long-stay tourism drives the economy, securing additional flights and strengthening air service can have a direct impact on visitor numbers, hotel occupancy and investment in new developments.

Tourism leaders say maintaining a presence at major industry meetings is essential as the country continues to attract new resort projects, expand its luxury tourism market and compete with other Caribbean destinations for airline service.

CEO of the Turks and Caicos Hotel and Tourism Association, Stacy Cox, said the event also provided an opportunity to promote the latest edition of the Destination Turks and Caicos Magazine, which was shared with airline representatives, travel advisors and media partners attending the conference.

According to Cox, the publication travels with tourism officials to international trade shows and promotional missions throughout the year, serving as a visual introduction to the islands and helping keep the destination in front of decision-makers in the global travel industry.

Officials say continued promotion and stronger airline relationships will be necessary to sustain the rise in stayover arrivals and ensure the Turks and Caicos Islands remains competitive in the high-end tourism market, where new flights and expanded air service can directly influence visitor numbers.

With tourism still the territory’s main economic driver, expanding flights to the destination remains a top priority for the country’s growth strategy.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

Continue Reading

FIND US ON FACEBOOK

TRENDING