With 2023 tourist arrivals exceeding 315,000, recording a 10.7% increase relative to the previous year, Guyana is on the cusp of becoming a leading sustainable tourism destination. This is according to Finance Minister, Dr Ashni Singh in his budget presentation on Monday.
The tourism sector of Guyana has always been a potential flagship industry, but its potential was stunted due to specific constraints, Singh stated. However, in 2024, the government is poised to make historic developments in tourism that will place Guyana on the map in terms of sustainable tourism, he said.
The government, the Minister said, is actively promoting private investment in the industry, addressing the second major constraint of availability and cost of international-standard hotel rooms. By the end of 2024, more than 1,000 world-class rooms will be added to the stock, many from internationally recognized chains such as Best Western, Marriott, Four Points Sheraton, AC Marriott, and Hyatt Place. Construction will continue on more hotel properties, particularly in Georgetown, West Demerara, Essequibo, and Berbice.
