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BRIDGETOWN, Barbados (BTA) — Tourism, long believed by economic pundits to be the sector to pull Barbados out of the global economic recession, is already showing tremendous signs of improvement in 2010.
Barbados Tourism Authority (BTA) preliminary figures show a 5.3 per cent increase in arrivals as at January 29 over the previous period in 2010, while official 2009 figures show that tourism officials met their target with the sector waning by 8.6 per cent. Early 2009 predictions were for a performance in the region of -8.5 per cent.
At a recent press conference Tourism Minister Richard Sealy, commended the captains of the industry for their sterling efforts that saw job losses kept at a minimal. Meanwhile a number of businesses that buckled under the recession reopened under new management and new branding.