USVI Gross Domestic Product Rises 2.8% in 2021

The gross domestic product (GDP) for the U.S. Virgin Islands increased 2.8 percent in 2021 after decreasing 1.9 percent in 2020, according to statistics released by the U.S. Bureau of Economic Analysis. The GDP is a comprehensive measure of the territory’s economic activity and estimates the value of the final goods and services produced U.S. Virgin Islands, without double counting the intermediate goods and services used to produce them.

CHTA President Declares Caribbean Travel Marketplace a Success

President of the Caribbean Hotel and Tourism Association (CHTA) Nicola Madden-Greig described the recently concluded 41st Caribbean Travel Marketplace in Barbados as "exceptional" and a "fantastic show." Pre-Marketplace concerns about the two-story layout of the Lloyd Erskine Sandiford Centre (LESC) were alleviated thanks to the hard work and thoughtfulness of her team and Barbados counterparts at the Barbados Tourism Marketing Inc. and the Barbados Hotel and Tourism Association. The CHTA President reported that feedback had been great, and buyers enjoyed the diversity with booths spread across different rooms, giving the event a "different feel" this year.