Welcome to the National Carnival Commission of Trinidad and Tobago

Carnival Business Links Volume 2 Issue 3 August 2016

Carnival 2016 Visitors Decline

Trinidad and Tobago experienced an estimated 8.1% decline in tourist arrivals during the 2016 Carnival period when compared with 2015. The Carnival period is defined as the 19-day period before Ash Wednesday.

This year, that 19-day period began from January 22 and ended on February 9. Carnival 2016 tourist arrivals stood at 35,483 for Trinidad and Tobago.

Tourist arrivals in 2015 amounted to 38,625. Average length of stay decreased from 14 days in 2015 to 13 days in 2016. There was also a decrease in average visitor expenditure from TT$9,869 in 2015 to TT$9,567.

Data Source: Central Statistical Office (CSO)

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Carnival Business Links Volume 2 Issue 2 April 2016

How Much Do Carnival Visitors Spend?

Carnival visitation increased 5.2 % in 2015 when compared to the preceding year. However, despite the increase in Carnival visitors in 2015, visitor expenditure has decreased. Carnival visitors (38,625) brought in TT$18,474,380 or just under US$3M in 2015. Visitor expenditure in 2014 was TT$25,655,069 – higher than 2015 with fewer Carnival arrivals (36, 722 visitors).

Average Carnival per visitor spend in 2015 was TT$9,869 while the average spend in 2014 was TT$10,382. The average length of stay in 2014 and 2015 was 14 days, up from 11 days in 2013 (See summary data at Table 1 and Figure 1). Overall, the destination was one of the top performers in the region registering a 6 % in annual tourist arrival in 2015 when compared to 2014.

At the time of publication, data for Carnival 2016 was not available. Carnival visitor expenditure represents only a small component of the overall economic value of Carnival to the Trinidad and Tobago. A comprehensive study is needed to appreciate the collective impact of various business sectors to the Carnival industry.


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Carnival Business Links Volume 2 Issue 1 December 2015

UK Recognises Rural Contribution of Craft to Creative Economy
The Department of Culture, Media and Sport (UK) in acknowledging the work of the Craft Council in their report, Measuring the Craft Economy (2015), has noted that the rural sector is now contributing far in excess of the estimated £500 million per annum to the national creative economy. These contributions have been made through rural tourism, rural heritage, rural foods (culinary arts) and beverage outlets, and other countryside festivals, ultural and sporting activities. Notably, the economic benefit has been achieved serendipitously "without any of the strategic art and cultural investment or infrastructure provided by the previous Government for
urban communities, urban creatives and in support of urban regeneration".
Source: http://www.thecreativeindustries.co.uk

Creative Currents Engaging Cultural Enthusiasts
Creative Currents Artist Collaborative (CCAC), formerly Taller Portobelo Norte, is an Atlanta-based non-profit organisation whose mission is to widen and deepen public engagement with the arts and cultures of Africa and the Black Diaspora through international tours, visual arts exhibitions, performances, classes and workshops.

CCAC connects artists, scholars and other art enthusiasts by engaging them in various cultural experiences throughout the world, thus creating sustainable communities within which the arts can be lived and celebrated.

Some of CCAC upcoming activities include:

December 2015 – The 3rd Annual Pop Up Marché: vendors worldwide can apply to sell their local artworks, and individuals get a curated holiday shopping experience.

World
February 2016 - Congo Carnival Music and Culture Retreat: individuals experience Carnival in Portobelo, Panama where history is celebrated and shared through ritual performances, and traditions and cultural practices through storytelling, costumed dancing, singing, and drumming.

May 2016 - Joie de Vivre Senegal Arts and Culture Tour: individuals enjoy the Dakar Art Biennial festivities and the culture of Gambia.
Source: http://ourcreativecurrents.org

FDI Winners
The Financial Times' fDI Intelligence Unit highlighted the region's Foreign Direct Investment (FDI) performance in its "Caribbean and Central American Countries of the Future 2015/2016 Report". The biennial study identified Costa Rica as the regional leader in FDI projects, with Panama taking second place. Costa Rica's success to attract FDI is attributed to its stable political and economic structures; high-tech manufacturing; educated workforce; and the government's policy to make Costa Rica "The Silicon Valley of Latin America". Costa Rica also leads in the category of Business Friendliness. Jamaica's investment promotion organisation, Jampro got top honours for its FDI Strategy while Trinidad and Tobago ranked second. InvesTT was commended for its continuous staff development and its establishment of an office in Japan.
Source: http://www.fdiintelligence.com


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Carnival Business Links Volume 1 Issue 3 August 2015

The United Nations Education Scientific and Culture Organisation is celebrating the 10-year anniversary of the Convention on the Protection and the Promotion of the Diversity of Cultural Expressions.

The 2005 Convention provides a framework to forge new pathways that encourage creativity and innovation in the pursuit of inclusive, equitable and sustainable growth and development.

 


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Carnival Business Links Volume 1 Issue 2 April 2015

The Forbes Best Countries for Business Report (2014) resulted in Denmark on top with the United Kingdom and the United States unable to find a place in the top ten.  They were ranked 13th and 18th, respectively. Jamaica led the countries in the Caribbean at 64 out of 146 countries. Trinidad and Tobago was ranked 71 and Barbados 73.

The report is compiled based  on 11 factors: property rights, innovation, taxes, technology, corruption, freedom (personal, trade and monetary), red tape, investor protection and stock market performance. Each factor was equally weighted. The data was sourced from published reports of Freedom House, Heritage Foundation, Property Rights Alliance, Transparency International, World Bank and World Economic Forum.


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Carnival Business Links | Volume 1 Issue 1 December 2014

Carnival Business Links | Volume 1 Issue 1 December 2014

A Publication of the National Carnival Commission's Strategy & Business Development Unit
Providing Business Data and News Relevant to the Carnival Industry

  • EU Brings Funding to ACP Creative Businesses
  • Global Economic Outlook 2015
  • Despite Global Challenges The Americas Lead 2014 Tourism Growth
  • Latin America and Caribbean to Benefit from US Growth
  • Trends in T&T Carnival Visitor Arrivals
  • T&T 89th in 2014-2015 Global Competitiveness Index
  • T&T Business Confidence – Cautiously Optimistic... but Oil Prices Decline
  • T&T Economic Indicators at a Glance
  • NCC Conducts Business Capacity Needs Assessment for Carnival Stakeholders

Click here to download (1.35MB Adobe PDF)

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