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Turks & Caicos Tourism Statistics 2016

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Turks and Caicos, March 13, 2017 – Providenciales – The Turks and Caicos Islands is the fastest-growing destination in the Caribbean according to the latest statistical report from the Caribbean Tourism Organization (CTO). The destination welcomed and hosted some 1,300,575 tourists to its shores in 2016. While the majority of arrivals were cruise-based, 2016 marked an impressive, fifth consecutive year of growth in stopover arrivals. Further assessment of the 1.3 million arrivals in 2016 shows 453,612 visitors were stopovers and 846,963 arrivals came via cruise.

 Stopover Arrivals

2016 marked a record setting year for the destination; for the first time the Turks and Caicos Islands received more than 400,000 stopover arrivals through our international airports and fixed based operations. Despite political uncertainties, security concerns and economic challenges in our major source markets, stopovers to the destination grew by a robust 17.5 percent in 2016 totaling 453,612 arrivals when compared to 385,531 arrivals in 2015.

For a consecutive year, the destination recorded growth in each month of the year and within the overwhelming majority of its major source markets. The growth rate ranged from a 27.4 percent increase in stopover arrivals recorded in September to a 7.5 percent increase in December of 2016.  Lead by a strong first half, the destination welcomed 137, 641 stopover arrivals in the first quarter, an 18.5 percent increase in stopover arrivals when compared to the same period in 2015. Similarly the second quarter saw a 22 percent increase in stopover arrivals when compared to the same periods in 2015, welcoming 121,413 stopovers. The month of March saw 50,913 stopover arrivals, the most stopover arrivals of any month in 2016.

According to the recently released State of The Industry Report 2016 from the CTO, tourist arrivals among the destinations showed uneven growth. Of the 28 Caribbean destinations reporting data for varying periods between January and December, the Turks and Caicos Islands’ 17.5 percent increase in stopover arrivals lead the region. Besides our destination, 4 countries, Belize, Cuba, Guyana and Bermuda reported double digit growth rates. Six destinations experienced declines in stopover arrivals.

Major Market Trends

On par with the rest of the Caribbean, our destination’s strong performance in 2016 was primarily supported by the sustained economic growth and relatively low oil prices in the United States, our leading source market. Stopover arrivals from the United States in 2016 surged by 16 percent in comparison to 2015. The total number of stopover arrivals from the United States in 2016 was 365,854. Contributing factors to this performance includes greater accessibility to the destination, frequency of flights from most major gateways in the United States, and increased direct airlift to the destination.

Regionally there were over 14.6 million visitors from the U.S. according to CTO’s report, 3.5 percent more than the previous year.  CTO attributed the region’s performance to solid economic growth, a low unemployment rate, and high consumer confidence in the U.S.  Of the 28 destinations in the region reporting data, the Turks and Caicos Islands was among one of seven destinations recording double digit increases within the period, outdone only by Belize in the U.S. market. The other destinations included Bermuda, Antigua and Barbuda, Barbados, Grenada and Montserrat. Six destinations recorded declines in stopover arrivals from the United States.

While Canadian arrivals to the Caribbean fell by 3.4 percent in 2016, the Turks and Caicos Islands recorded a tremendous 23.2 percent growth in the Canadian market with 44,974 arrivals.  More than 70 percent of the reporting destinations saw decreases in this market. According to CTO, a weak currency and sluggish first half economic output are among the contributing factors to the decline in Canadian trips to the Caribbean.

For the consecutive year, the Turks and Caicos Islands recorded the highest growth from the European market within the Caribbean region. Arrivals from the European totaled 14,556 and improved by 27.7 percent year-over-year, the strongest growth among the destination’s major markets. Stopover arrivals from the United Kingdom grew by 40.5 percent year-over year. Similarly, stopover arrivals from Italy and France also saw continual growth recording increases of 33.2 percent and 22.3 percent year-over-year, respectively.  Combined, the destination welcomed 14,556 stopovers from the European market in 2016, up from 11,403 stopovers in 2015. A closer examination of stopover arrivals to the destination from the European market reveals 8,991 arrivals from the United Kingdom; 1,960 arrivals from Italy; 1,256 arrivals from France; 363 arrivals from Germany and a collective 1,986 arrivals from other European nations including Ireland, Luxemburg, Spain, Switzerland, etc.

Similarly, arrivals from the European market showed the strongest growth among the main markets in the Caribbean region. According to CTO, arrivals from the European market to the region totaled 5.6 million and improved by 11.4 percent, notwithstanding terrorist attacks in some countries, the fears and fallouts of Brexit, and the mixed economic outcomes across Europe. 72 percent of the reporting destinations registered increase in arrivals from the European market with St. Maarten, Guyana and Anguilla joining the Turks and Caicos Islands as top performing destinations.

Stopover arrivals to the destination from Brazil declined by 7.5 percent year-over-year, totaling 1,264 arrivals. The trend was the same regionally, as the Caribbean received 11 percent fewer arrivals from Latin America in 2016 compared to 2015.

Intra-regional travel has become a recent trend to the Turks and Caicos Islands due to destination’s rising popularity as an accessible hub for the best interconnectivity between the Caribbean islands. Travelers can access regional flight services from Providenciales, to multiple destinations in Antigua, The Bahamas, British Virgin Islands, Cuba, Dominican Republic, Haiti, Jamaica and Puerto Rico. In 2016 the destination welcomed 20,486 stopover arrivals from the Caribbean, a 21.3 percent growth rate year-over-year.

According to CTO, 2016 was another record-breaking year for Caribbean intra-regional travel, as arrivals rose by 3.6 percent for a consecutive year of growth, registering just over 1.7 million trips. Guyana, St. Vincent and the Grenadines, and the Turks and Caicos Islands were the top performing destinations reporting robust double-digit growth.  6,478 stopover arrivals visited the destination from the rest of the world, including countries in Asia, Africa and the Pacific.

Cruise Arrivals

While the destination continued to boost its stopover arrivals in 2016, for a consecutive year cruise arrivals took a downturn.  The Grand Turk Cruise Center greeted a total of 846,963 cruise passengers, an 8.9 percent decline in cruise passengers year-over-year. Similarly, for a consecutive year the Cruise Center also welcomed fewer ships, hosting 284 compared to 317 ship calls in 2014; this marked a 10.4 percent decline in ship calls year-over-year.

The month of March showed the most significant growth rate in cruise passengers and ship calls to the Grand Turk Cruise Center, recording an increase of 25.6 percent and 13.3 percent respectively.  The month of December saw a total of 97,799 cruise passenger arrivals, the most arrivals in any given month of the year, a 4.8 percent increase when compared to 2014 despite a 2.8 percent decline in ship calls for the month. Minor increases in cruise passenger arrivals were also recorded in the months of April, May, August and September despite having consistent or fewer ship calls when compared to the same periods in 2015.

October saw the largest decline in cruise passenger arrivals and ship calls to the destination helped by an active 2016 hurricane season. While the Turks and Caicos Islands was spared the wrath of Hurricane Matthew, regional neighbors sharing the same itineraries as Grand Turk such as the Dominican Republic, Haiti and The Bahamas were significantly damaged. Cruise passenger arrivals to Grand Turk decreased by 38.9 percent while ship calls were down by 44 percent in the month of October.

According to CTO’s report, 2016 was a record-breaking year for Caribbean cruising as cruise passenger arrivals to the region grew by 1.3 percent to reach 26.3 million. Overall 48 percent of the reporting Caribbean destinations registered growth with the best performances in the Dominican Republic, the British Virgin Islands and Grenada. Belize became the eighth Caribbean destination to ever reach the benchmark of 1 million cruise passenger arrivals.

There is no secret that grave challenges continue to threaten the cruise industry in Grand Turk. The ports underperformance for the consecutive year is an indication that an agreeable solution to a list of unresolved matters between Carnival Cruise Lines, operators of the Grand Turk Cruise Center, and the Turks and Caicos Government must be reached in a timely manner in order for Grand Turk to rebound.

Outlook

2016 was undoubtedly another successful year for the main revenue earner and top industry in the Turks and Caicos Islands despite the raise in the level of global uncertainty.  While global uncertainty such as the implications of Brexit or any unforeseen events could still impact the performance of tourism in 2017 and beyond, the outlook for the destination remains strong.  The Turks and Caicos Islands recently saw the debut of several new hotels in winter 2017, led by the ultra-luxurious resort The Shore Club and the boutique offerings of Beach Enclave North Shore both on Providenciales, as well as, the barefoot luxury of Sailrock resort on the undeveloped island of South Caicos. These new resort openings coupled with the recent announcements of Blue Cay Estate, a new luxury waterfront villa collection to be operated by the award-winning Grace Bay Resorts slated for first phase completion in mid-2017 and the debut of Beach Enclave Long Bay expected in late 2017, are welcome increases to the room inventory of the destination.

The Turks and Caicos Islands recently received a boost in its accessibility for potential visitors in mid-December 2016 as United Airlines introduced a nonstop flight on Saturdays from Washington D.C. to Providenciales, opening a new gateway to the destination.

The Turks and Caicos Tourist Board and its partners will continue to increase the destination’s presence within the market place by embarking on a series of travel and trade shows. Traditional and non-traditional media strategies, sponsorships, and promotional events in the United States, Canada, Europe and Latin America will also continue. The Board has renewed its commitment to working with wholesalers, hotel partners, airlines and cruise to sell the destination. In addition, the Turks and Caicos Islands is working to expand its hotel and tourism product beyond the traditional hub of Providenciales and Grace Bay Beach to the other beautiful islands, as demand for additional accommodation, attractions, and niche offerings has increased.

Source of Data:  Sabre ADI System , Grand Turk Cruise Center and Provo Air Center

Source of Publication:  Turks & Caicos Islands Tourist Board

 

#TCITourismStatistics2016  #TourisminTCI  #visitTurksandCaicos

 

 

News

Bankers’ Association President Samuels Finds Residents Hungry for Housing Financing at policy launch

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Dana Malcolm

Staff writer

 

 

#TurksandCaicos, August 11, 2023 – Despite the Government’s attempt to create more affordable housing for residents with the creation of the new Housing Policy, many say they left the launch feeling less hopeful than they went in.

After the event, one resident expressed it was time to speed up a government-operated mortgage scheme, and those inside the launch event had a similar lack of faith in their ability to secure bank-backed mortgages.

Marcus Samuels, Head of the Banking Association, was hit with questions about how the Association would seek to help residents secure mortgages to purchase these new government homes, considering how difficult residents on both sides of the employment spectrum (private and public)  found it to get approval for loans.

The pre-prepared question was met with applause from the ample audience who had gathered to hear about the programs.

“Homeownership isn’t rocket science, ” Samuels said, stressing that once residents came prepared with knowledge about their own paychecks and the size of the loan they could be offered they had a good chance of success.

Necessary information included:

  • Level of income
  • Level of previous debt

He also said the cost of housing could be lowered for buyers if the Government decided to decrease or forgo their taxes.

“There are some fees that we genuinely cannot move, like the Government stamp duties, which is usually one percent on the transaction.  Thankfully, the Premier is here— the ball is in his court.”

Zhavargo Jolly, Event Moderator, fielded concerns shared by residents, including that the proposed cost of homes in the example (just over $ 200,000) was lower than the usual market value in the country.

There was also a concern that the mortgages seemed geared toward double-income homes, which was not the case for all residents, alienating single mothers, fathers, and other single-income earners.

While Samuels came prepared with calculations for a hypothetical $230,000 home that he said proved residents could be able to own a home with a down payment as low as $12,500 the audience was unconvinced.  When he questioned them about whether residents believed they could afford a home after laying down the calculations the answer was still a resounding ‘no’.

Following the event, Bishop Coleta Williams, Chaplain to the House of Assembly, also spoke on the programs expressing concern that residents would be paying back the loans for years to come.

Residents, in the comments of the live video which was carried on Facebook, expressed being disappointed that more representatives from the Banking Association weren’t present at the meeting when arguably one of the biggest roadblocks to housing is financing.

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Government

New data reveals Housing pitfalls, government reveals detailed plan to fix it 

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Dana Malcolm 

Staff Writer 

 

 

#TurksandCaicos, August 11, 2023 – Many Turks and Caicos Islanders are spending unsustainable amounts of money on housing, according to data gathered by the Housing Department via the National Housing Needs Survey, emphasizing the need for affordable homes.

Dominique Durham, Deputy Permanent Secretary of Physical Planning and Infrastructure Development

“Respondents of that Survey provided that the majority of households spend more than 50 percent of their income on housing expenses.  Now, as a rule of thumb, especially in America, if you spend more than 30 percent of your income on housing, it is deemed not affordable,” Dominique Durham, Deputy Permanent Secretary of Physical Planning and Infrastructure Development, revealed.

He shared other significant data collected that showed the dire state of the housing market locally, including that nearly a quarter of residents live in damaged homes.

“It also revealed that 21 percent [of respondents] are living in homes in need of repair and 69 percent are looking to purchase a new home within the next five years,” Durham said.

Despite the intent to buy a home, the survey also revealed that many Turks and Caicos residents thought the housing market needed more affordable options for them to be able to bring that dream to fruition.

The majority of residents (32 percent) voted for the Government to create more options for affordable housing when asked what would best improve their housing needs.

Other popular suggestions included:

  • Creating Government housing loan programs (25 percent)
  • Housing subsidies (15 percent)
  • Home improvement/refurbishment programs  (11 percent)

All of those suggestions voted on by residents have made their way into the Housing Policy as either short-term or long-term programs.

Jamell Robinson, Minister of Physical Planning and Infrastructure Development

“Long-term projects include inclusionary zoning, large-scale housing through public-private partnerships, and eventually, we will be establishing a National Housing Authority and Trust whereby we hope to lend at affordable interest rates.  We also are looking to roll out help-to-buy schemes in the near future as we appreciate that an issue is also access to financing,” he said.

The Government is aiming to use these suggestions, voted on by residents, to fix the gaping hole in the market, but even with these new programs, there’s one thing residents say they need to purchase homes– better pay.

Jamell Robinson, Minister of Physical Planning and Infrastructure Development, was hit with the question of whether the Government would start to pay residents more so they could have more cash to afford housing.

The minister said step one was increasing public cash flow (with a pay and grade review for the public service now being conducted), and step two was upskilling all individuals to make them more marketable in the private sector.

“Our Job– is to ensure that our citizens as Turks and Caicos islanders can add value to themselves so they can participate more in the open market, and one of those ways is by making the community college free so you can access higher education– in a free open market which we have here, it’s hard to dictate to the private sector what they can pay a specific individual so we want to grow our individuals to make sure that they can level up,” he explained.

The Housing Policy launched on July 27th in Providenciales.

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Caribbean News

Trinidad & Tobago Emancipation Day Marked with Major Events Attended by Prime Minister and other Dignitaries

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#TrinidadandTobago, August 11, 2023 – Prime Minister Dr the Hon Keith Rowley and Mrs Sharon Rowley attended the Distinguished Open Lecture by His Royal Majesty Otumfuo Osei Tutu II, The Asantehene at The University of the West Indies, St. Augustine Campus last evening (Thursday 3rd August, 2023).

The Asantehene is the Guest of Honour in commemoration of this country’s 2023 Emancipation celebrations.

Deputy Speaker of the House of Representatives and Member of Parliament for Tunapuna, the Hon. Esmond Forde, Minister of Foreign and CARICOM Affairs, Senator the Hon. Dr. Amery Browne, Minister of Housing and Urban Development, the Hon. Camille Robinson-Regis, Minister of Education, Dr. the Hon. Nyan Gadsby-Dolly, Minister in the Ministry of Education, the Hon. Lisa Morris-Julian, Pro Vice-Chancellor and Principal of The University of the West Indies, St Augustine Campus Professor Rose-Marie Belle Antoine, Dean of the Faculty of Food and Agriculture, Professor Mark Wuddivira and Lecturer Department of History, Dr. Debbie Mc Collin were also in attendance at yesterday’s lecture.

Prime Minister Dr the Hon Keith Rowley and Mrs Sharon Rowley also visited the Desperadoes Pan Theatre at George Street, Port of Spain last evening (Wednesday 2nd August, 2023).

Dr Rowley welcomed His Royal Majesty Otumfuo Osei Tutu II, The Asantehene and his delegation to the pan theatre where His Majesty was treated to various aspects of Trinidad and Tobago’s Carnival which culminated in a performance by the Desperadoes Steel Orchestra and a demonstration on the playing of the national instrument for the Asantehene.

“They now see Africa, not through European eyes, as a dark continent, but as the cradle of human civilisation, citing the discoveries of its great empires. They talk of it glowingly, as the world’s fastest developing economic region in the 21st century, having just overtaken Asia, and of its six of the 10 fastest growing economies in the world and of its minerals, critical and indispensable to the technologies of the 21st century green economies.

Today, recognising the pain of the Middle Passage, and the centuries of colonial brutality, I salute the African community, a people, who through grit and determination, is on the march, striving for further discovery and self-realisation, searching, and transforming themselves for the challenges of the 21st century.

Let us all reflect and educate ourselves as we celebrate African Emancipation Day 2023.”

 

Dr the Honourable Keith Rowley

Prime Minister of The Republic of Trinidad and Tobago

on the occasion of Emancipation Day 2023

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