:: INDIA EMPIRE - COVER STORY ::

Trinidad And Tobago: Investment in Tourism Sector

Trinidad and Tobago

Fast Facts

OFFICIAL NAME
Republic of Trinidad and Tobago
CAPITAL
Port-of-Spain
AREA
5,128 sq. km (1,980 sq. miles)
POPULATION
1.3 million
OFFICIAL LANGUAGE
English
CURRENCY
Trinidad & Tobago Dollar (TT$)
EXCHANGE RATE (2008)
US$ 1.00 = TT$ 6.3

Opportunities in Tourism

Trinidad and Tobago, with a majority population of people of east Indian origin, is opening up its tourism and hospitality sector for investments. We bring you a feature

Tourism Industry in the Global Context

Trinidad and Tobago has the 7th largest Travel & Tourism economy in the Caribbean with a total demand of US$1.8bn. and a contribution to the country’s GDP of US$1.1bn.
Over the next 10 years, the gains for the Travel & Tourism Visitors Exports in Trinidad and Tobago are expected to grow by a strong 7.2 % per annum. Global and Caribbean Visitor Exports are forecast to grow at 5.7% and 3.9% per year respectively.
Trinidad and Tobago’s Travel & Tourism Demand is projected to grow at an average 5.2% per annum over the next 10 years.
This will exceed worldwide growth of 4.6% per annum as well as the 3.4% annual average growth forecast for the Caribbean.

Source:World Travel and Tourism Council (WTTC) 2005

Hotel Investment Opportunities


Invaders Bay, Trinidad Main Features · Master-planned 72- acre site · 5 minutes from downtown Port of Spain · Proposed hotel site of 2-4 acres on the waterfront · Adjacent lots include proposed marina, upscale high-rise residential, conference facilities, triple ‘A’ retail and office space Project Concept Possibility · Business Hotel, 4 to 5 star · 200 rooms expandable · Enhanced number of suites · State-of-the-art business center	Bayside Towers Phase II, Trinidad Main Features · 2.1 acre site · Waterfront Location · Good Accessibility · Good infrastructure Project Concept Possibility · 4-5 star hotel · 200-400 Rooms · Generous height allowances · Marina Development possible


Ministry of Agriculture, Trinidad Main Features 5 acres Excellent access and infrastructure Excellent views and supporting amenitiessite of 2-4 acres on the waterfront Project Concept Possibility 150-300 Rooms 5 star hotel Mixed use with luxury residential Limited retail	Chupara Point, Trinidad Main Features 96 acres – 75 acres for development 1.25 miles of beach frontage 5 individual beaches Gently undulating land Access to all utilities Project Concept Possibility Integrated Resort, 3 star 300 room hotel Residential – Villa clusters and cottages Limited village residential


Trincity Business Park, Trinidad Main Features 5 - 10 acres 3 minutes from airport Potential captive market of Trincity Business Park and Piarco International Airport Located next to 18-Hole PGA Championship Golf Course Capture of overflow from Wallerfield Business Park Hotel Project Concept Possibility Business and Convention Hotel, 3 to 4 star 200 rooms expandable State-of-the-art business center	Las Cuevas Estate, Trinidad Main Features 450 acres – 242 acres for development 1.5 miles of beach frontage Gently sloping land Rich eco-tourism and recreational possibilities Project Concept Possibility 250 room, 4 star hotel Residential development: villas; condos; individual house plots Nature reserve 150 room boutique hotel 4-5 star


Salem Grove, Trinidad Main Features 369 acres 1500 feet of direct beach frontage Gently sloping lands Project Concept Possibility Business and Resort Hotel, 3 Star 60 room hotel with potential for expansion Homesteads Village Residential	Cape Development Mayaro, Trinidad Main Features 500+ acres Approximately 1 mile of direct beach frontage Gently sloping lands Project Concept Possibility Resort Hotel, 3 Star 300 room hotel with potential for expansion Luxury residential Golf Course


Diamond Estate, Tobago Main Features 40 acres – extendable More than 1 mile of beach frontage Located next to Tobago Hilton Excellent road access Access to all utilities Project Concept Possibility Residential Resort, 3 star 200 room resort hotel Single family villas Luxury residential community	Bacolet Estate, Tobago Main Features 600 acres 1 mile of beach frontage Gently undulating lands Excellent road access Access to all utilities Project Concept Possibility Resort Hotels, 3 star 200 room hotel - central facility and cottages 100 room hotel- one two-storey structure Comprehensive beach facilities Marina


Englishman’s Bay, Tobago Main Features 400 acres – 80 acres for development/320 for nature reserve 0.25 mile of white sand beach Access to all utilities Project Concept Possibility Integrated Eco-Tourism Community, 3 - 4 star Central Lodge and 40 cottages Homesteads Beach facilities Wilderness Park and Nature Reserve

December 2008

NRI Investments