Saint Lucia approves incentives for 20 new tourism projects - CARICOM Business
The St. Lucia government says it is anticipating investment in the tourism industry to surpass EC$320 million as a result of negotiations with various investors during the first 8 months of this year.
“Investors are showing a high level of confidence and interest in St Lucia’s economic prospects. This is evident by the level of tourism investments which have been recorded for the period January to August 2022, Prime Minister Phillip J Pierre told the 58th annual general meeting of the St. Lucia Hotel and Tourism Association.
He said during that period Cabinet approved 20 projects for tourism incentives “amounting to projected investments of EC$326.6 million”.
Tourism officials said visitor expenditure post Covid-19 had exceeded EC$560 million last year and hotels and other properties collectively made in excess of EC$303 million.
Extract from the CARICOM BUSINESS Newsletter, Vol 5. No. 36
Click on Image below to read full Newsletter
You may also be interested in:
Mensaje de fin de año de la Secretaria General de la Comunidad del Caribe (CARICOM), Dra. Carla N. Barnett
We have come to the end of another year during which strenuous efforts have been made to ensure that the integration process improves the lives of the people of the Caribbean C
La CSME, la seguridad alimentaria y la financiación climática encabezan la agenda de la Cumbre de CARICOM en las Bahamas.
The CARICOM Single Market and Economy (CSME); food security; climate change and climate finance; health; and security will be among the major topics when Heads of Government of
La CSME, la seguridad alimentaria y la financiación climática encabezan la agenda de la Cumbre de CARICOM en las Bahamas.
The CARICOM Single Market and Economy (CSME); food security; climate change and climate finance; health; and security will be among the major topics when Heads of Government ofRelated Stories
St Lucia to introduce Tourism Levy December 15: CARICOM BUSINESS
The Government of St Lucia will introduce a tourism levy effective December 15, 2020 to aid in the financing of the industry marketing and development.