Caribbean countries dominated fDi Magazine’s rank for the Tourism Locations of the Future 2019/20.
With Thailand, Macau, and Portugal taking the top three spots respectively, St Lucia, at sixth, led the Caribbean countries listed in the ranking.
The Dominican Republic (12th), Aruba (13th), and Antigua and Barbuda (14th) kept close company, while Grenada (16th), Dominica (18th) and Panama (19th) completed the list of countries in the region that placed.
Despite being among the lowest-ranked on the list, Eastern Caribbean states Grenada and Dominica received noteworthy mentions in the report.
According to fDi Magazine,”Grenada’s cruise and yacht market experienced notable growth in 2018. The country received 342,826 cruise and 24,944 yacht passenger arrivals in 2018 — a respective increase of 14.5 per cent and 18.8 per cent on 2017.”
Overall, the “Spice Isle” recorded more than 500,000 visitors arriving on its shores in 2018 — a first in its history.
In addition, fDi Magazine noted that the announcement of two new five-star resorts opening on the island boosted the country’s rating in the hotel development and investment incentive category.
Grenada also received commendation for the incentives it offers to investors in the form of allowances, tax credit for training, and customs duties exemptions.
Meanwhile, in the case of Dominica, the fDi commented on the country’s performance in ecotourism, health and wellness, climate-resilient strategy, hotel development and investment incentive, recovery, and voluntourism.
“The Dominica Government aims to make the island the world’s first climate-resilient country through the types of investment it seeks to attract…”– fDi Magazine
“Dominica, also known as the ‘Nature Island’, attracts eco-tourists with its lush rainforests, mountains, waterfalls and volcanoes and offers various eco-lodges and resorts to accommodate visitors,” the report stated.
Complementing its natural resources, Dominica also offers wellness tourism services such as holistic massage, yoga, chiropractic care, coaching, pilates, fitness, and a range of spa facilities offered with complementary natural products and herbs.
“The Dominica Government aims to make the island the world’s first climate-resilient country through the types of investment it seeks to attract, and by making existing tourism investments more robust,” fDi Magazine added.
Commenting on the Commonwealth of Dominica’s hotel development and investment incentive ranking, the report explained that the Government has over the last two years contributed to the development of hotels using proceeds from the Citizenship by Investment Programme.
“Dominica offers incentives for investors including a tax holiday on profits for up to 20 years and a waiver on import duties on building materials, furniture and fittings for tourism investments,” the report continued.