Curtains fall on second Tourism Festival |28 September 2019
The panel discussion yesterday
Officially launched on September 21, the second Tourism Festival came to a close yesterday during an event held at the Hilton Northolme Resort & Spa.
The event鈥檚 highlight was a panel discussion centered on the festival鈥檚 theme: 鈥榃e are Tourism: Our Pathway to Prosperity鈥�.
Sitting on the panel were the principal secretary for tourism Anne Lafortune; first deputy governor of the Central Bank of 91香蕉视频 (CBS) Christophe Edmond; chief executive of the 91香蕉视频 Tourism Board (STB) Sherin Francis; Hilton DoubleTree鈥檚 resort manager Doreen D鈥橲ouza and the deputy chief executive of Nouvobanq Michael Benstrong.
Although many of the panellists explained how and why tourism is the pillar of the economy, Mr Edmond provided the figures which proved that tourism is indeed the pathway to the country鈥檚 economy.
He noted that the tourism industry contributes at least 60% to the country鈥檚 gross domestic products (GDP) adding that the tourism earnings have kept increasing over the last three years.
鈥淭he projection for this year is above 6% with arrivals expected to increase by 7 to 8%,鈥� Mr Edmond stated and later added that tourism earnings equate to 50% of what we import in the country.
And given that we import a lot as an island nation, then that number is not insignificant.
It was noted that the tourism industry contributes a lot to the economy whether it be directly and indirectly, providing business opportunities for many people such as farmers and fishermen and employs a lot of people.
On her part, Mrs Francis explained that the STB鈥檚 strategies act as the safety net for the country since the STB is always looking to diversify and invest in markets, even the ones where we do not see much results right now.
鈥淭here are other markets where we will never get 25,000 visitors from them but, even in their small size, the quality of visitors from this market is worth the investment.鈥�
Mr Benstrong also explained that the tourism industry has driven local banks to invest and upgrade their products and services.
He nonetheless warned the panel and the audience of the risk in relying on tourism as the main contributor to the economy.
The 2019 Tourism Festival started off with a grand ball at the Constance Ephelia Resort and which was followed by a wide array of activities such as food fiestas on Mah茅 and Praslin, homage of past tourism pioneers, an art exhibition and a tourism mass.
