economy

Virgin Atlantic's 'Island View' to help boost Tobago's tourism

Tobago is now on the map – virtually, that is – after the highly anticipated Island View project went live in January 2018.

A joint marketing initiative between Virgin Atlantic and the Division of Tourism, Culture and Transportation, Island View allows residents and visitors to capture, share and discover the various experiences Tobago has to offer through the use of Google Street View technology.

Island View was previously announced at World Travel Market in London on November 6, 2017.

DOMA: Less Gov't control of foreign exchange distribution needed, not more

The Downtown Owners and Merchants Association (DOMA) says there is a need for less control of foreign exchange distribution, and not more.

The comments comes as DOMA says it has taken note of remarks made by the Finance Minister suggesting the need for more control.

DOMA issued the following statement on Thursday;

Economic impact of 2017 CPL in T&T was US$23.6 million

The economic impact of the Hero Caribbean Premier League (CPL) in Trinidad and Tobago last year, amounted to US$23.6 million dollars (TT$158.2 million).

This was announced by the Hero CPL Chief Operations Officer, Pete Russell.

The event in 2017 ran from August 4th to September 9th and T&T hosted five preliminary round matches at the Queen’s Park Oval, as well as the finals week which took place at the Brian Lara Cricket Academy in Tarouba.

International researchers, SMG Insight considered organiser spend, visitor spend and media value to derive economic impact.

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