Minutes, after Finance Minister Colm Imbert presented the 2025 Budget, Minister of Tourism and Culture Randall Mitchell, expressed optimism about the Government's focus on the tourism and cultural sectors.
“I’m pleased to be able to continue working towards improving the gains in the tourism and cultural sectors to ensure an increased production and contribution to GDP,” Mitchell stated, highlighting the pivotal role these sectors play in the nation's economic landscape.
Imbert said Trinidad and Tobago’s tourism industry is experiencing a remarkable resurgence, with airlines taking the lead in this post-pandemic revival.
He said there has been a 36 per cent surge in air arrivals in 2023, with projections for 2024 to exceed these numbers.
“We are witnessing a tourism resurgence,” he declared, emphasizing the importance of increased airlift from major carriers.
Both Caribbean Airlines and Frontier Airlines have ramped up operations, introducing new routes from Puerto Rico and the British Virgin Islands, while strategic partnerships with British Airways and KLM are expanding the nation’s global connectivity.
“These efforts are essential to enhancing our access to North and South American markets,” Imbert noted, mentioning ongoing plans to acquire additional aircraft.
Setting an ambitious target of 500,000 annual visitors by 2026, Imbert attributed this goal to strategic marketing and significant infrastructure investments, including a $56.6 million renovation of the Magdalena Grand and a $400 million modernisation of the Hilton Trinidad.
"These upgrades are key to staying competitive and creating jobs," he asserted, projecting hundreds of new positions in hospitality as a direct result of these initiatives.
In addition to expanding air services through new agreements with the UAE, Qatar, and the Netherlands, Imbert reinforced the idea that these developments solidify Trinidad and Tobago’s status as a premier tourism destination. “Opening these markets is crucial for our growth,” he added.
Cultural tourism is also gaining momentum, with the National Musical Instrument Bill recognising the steelpan and a $120 million investment planned for Pan Trinbago’s new headquarters.
“The steelpan is a symbol of our national pride, and it holds vast global appeal,” Imbert remarked, pointing to the potential for cultural events to attract international visitors.
He said Carnival 2024 proved to be a highlight, generating US $93 million (TT $632 million) and attracting over 41,000 international visitors.
“Carnival is not just a cultural event; it’s an economic powerhouse, supporting over 15,000 jobs this year alone,” he stated.
Imbert projected significant job creation in the tourism sector in the coming years. He highlighted the upcoming Marriott-branded hotel in Tobago, which will generate 750 jobs during construction and 220 permanent positions thereafter.
“Tourism is not just vital for our economic diversification—it’s a long-term engine for growth and prosperity,” Imbert concluded.