Basseterre, St. Kitts Nevis
December 11, 2007 (CUOPM)
Despite a near six percent decline in cruise ship passengers, expenditure by cruise ship passengers in 2006 increased from EC$19.5 million to EC$19.9 million.
Delivering the 2008 Budget Address in the National Assembly on Tuesday, Prime Minister Douglas, who is also Minister of Finance, said expenditure by stay-over visitors reached EC$10.9 million in 2006.
Dr. Douglas, who is also the Minister of Finance, said economic growth in St. Kitts and Nevis over the last decade has been increasingly based on the continual improvement of the tourism product.
He said that the tourism sector’s significant and growing contribution to GDP through visitor expenditure, foreign exchange earnings, and employment generation is critical to the continued progress of the twin-island Federation.
Dr. Douglas said that in 2006, the Tourism Sector continued to record significant growth and to make a substantial contribution to economic activity.