King, Stewart spar over tourismís worth to economy
Controversy is brewing over the real value that the tourism sector adds to the overall economy.
Economist Dr Damien King suggested that the second-quarter data on the economyís performance during the COVID-19 pandemic were proof that tourism did not contribute as much as one-third of the economy, as was previously thought.
But deputy chairman of the Sandals Group, Adam Stewart, suggested that Kingís mathematics was simplistic and did not take into account other realities.
According to Stewart, many workers in the sectors continue to be paid while receivables are still being collected in the sector.
Stewart has vested interest in propping up the importance of the Tourism Sector. to our economy. It appears the dip in tourists arrival is not too detrimental to operational cost, what is missed is the huge profits designated for the pockets of top players.
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