The Tourism and Hospitality Association of Guyana (THAG) plans to put a number on the tourism sector’s contributions to the country’s Gross Domestic Product (GDP), in order to secure formal budgetary allocations.
THAG President Paul Stephenson made this announcement at the signing of agreements between THAG and Advertising and Marketing Services Guyana (AMS) at Cara Lodge on Tuesday.
He said the group had requested that an international body conduct a study to determine the sector’s contribution to the GDP, saying it would help in recognition of the sector and also furnish potential investors with a more solid idea of the cost of investing in Guyana.
The international agency, which was not named, will work with the private sector and the ministries. “Once we bring in the international agency we will have a document that shows how much money is generated, how much people work in the industry,” Stephenson said. “Our sector needs to
