Finance

Premier says he anticipates Millions to come from DMMO

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By Dana Malcolm

Staff Writer

 

 

#TurksandCaicos, March 9, 2023 – The Government is expecting hundreds of millions in profit from the Destination Marketing and Management Organization once it is set up; the DMMO replaces the TCI Tourist Board which is in wind down mode; a complete closure set for June this year.

“Within the next ten years, the DMO is forecasted to drive economic growth by an additional $640 million annually while preserving the environment and improving the lives of our people,” said Washington Misick, TCI Premier during his State of The State address carried live on Monday February 27th.

Maintaining that the transition from Tourist Board to DMO/DMMO would definitely go forward he explained, “The TCI is one of the most desirable tourism destinations in the world. We are catering to the higher end of the market so more is demanded. Visitors want customized experiences and services.  We campaigned on creating integrated marketing and management of the TCI to maximize the returns for all stakeholders. The DMO will achieve that.”

Regarding the concerns from residents about the sacking of the Tourist Board workers, the Premier, who was addressing the issue publicly for the first time, doubled down on what Josephine Connolly, Minister of Tourism had said; emphasizing that employees would receive generous severance packages.

“I have listened to your concerns about the DMO. I understand that change is uncomfortable to those directly affected, but it is necessary for collective success. There will be plenty opportunities in the DMO, the new Tourism Regulatory Unit and other agencies for current employees of the Tourist Board. We will make the transition as smooth as possible.”

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