RSSTourism

7MB resort under pension probe

7MB resort under pension probe

| 06/07/2020 | 157 Comments

(CNS): The Department of Labour and Pensions has confirmed it is investigating the Margaritaville Beach Resort Grand Cayman for not paying its workers’ pension contributions. But the department has refused to release any details because of the ongoing probe into the issue. The hotel is believed to be one of several employers that were exposed […]

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Make stay-over tourism work for Caymanians

Make stay-over tourism work for Caymanians

| 25/06/2020 | 52 Comments

Mario Rankin writes: I am happy to see that more people are willing to publicly express their concerns with the premier on his statements made in a recent press conference. The statements were concerning the tourism industry and how, according to him, stay-over tourism wasn’t any great benefit to the local workforce.

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Tourism sector stacked against Caymanians

Tourism sector stacked against Caymanians

| 20/06/2020 | 106 Comments

J. A. Roy Bodden writes: Bravo to the premier for finally realising that tourism is not an ideal pillar on which build the Caymanian economy. There is no need for me to repeat the ills mentioned by the premier as his catalogue is comprehensive enough. I must add, though, that the greatest hindrance is found […]

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Tourism fuels 2019 economic boom

Tourism fuels 2019 economic boom

| 19/06/2020 | 15 Comments

(CNS): The Cayman Islands’ gross domestic product (GDP) is estimated to have grown by 3.4% in the first nine months of 2019, according to a report from the Economics and Statistics office released this week. Based on data collected between January and October, well before the COVID-19 pandemic shattered Cayman’s economic fortunes, the report showed […]

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The real problems of stay-over tourism

The real problems of stay-over tourism

| 19/06/2020 | 67 Comments

The problem is that monopolistic operations are allowed to set miserly wages across the entire Seven Mile Beach area. Nobody can expect to survive long in the local economy at the meagre wage offered for most positions. Expats are brought in from poor countries and exploited to create wealth for the owners (who are often […]

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Premier: Stay-over tourism a massive failure

Premier: Stay-over tourism a massive failure

| 19/06/2020 | 215 Comments

(CNS): Despite record-breaking overnight visitor numbers in recent years that fuelled a massive boom in tourism, Premier Alden McLaughlin has described stay-over tourism as a “massive failure” when it comes to creating jobs for local people. McLaughlin said that 70% of tourism workers are expatriates, and while he accepted there “was an ugly side to […]

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Premier defends focus on tourism support

Premier defends focus on tourism support

| 10/06/2020 | 66 Comments

(CNS): The government is giving direct assistance to Caymanians who worked in tourism before the COVID-19 pandemic struck because the sector “has crashed”, Premier Alden McLaughlin said Tuesday. As the most challenged sector, it was “right and proper that the government should focus on trying to assist people” with no work or any possibility of […]

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CIG to spend about $8M on tourism payout

CIG to spend about $8M on tourism payout

| 08/06/2020 | 12 Comments

(CNS): Caymanians who lost their jobs in the tourism sector could receive a $1,000 per month for three months from government in an effort to keep them going until Cayman begins to reopen to visitors. The number of people who registered with the tourism ministry increased over the weekend after the deadline was extended, and […]

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Only 1/4 of tourism jobless register with ministry

Only 1/4 of tourism jobless register with ministry

| 05/06/2020 | 61 Comments

(CNS): Only 1,000 Caymanians who lost their jobs in tourism have registered with the ministry so far. As a result, the deadline has been extended until Sunday night to give people more time to register their situation so government can plan how it will help those displaced by the COVID-19 shutdown. According to numbers promoted […]

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Moses grapples with tourism rebuild

Moses grapples with tourism rebuild

| 02/06/2020 | 122 Comments

(CNS): Tourism Minister Moses Kirkconnell has said that his ministry is now working on a three-year plan to rebuild Cayman’s tourism sector after the devastating blow delivered by the COVID-19 pandemic. The domestic market is likely to be the only source of income for the hospitality industry for the remainder of this year, but Kirkconnell […]

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Mass market cruise lines flounder

Mass market cruise lines flounder

| 14/05/2020 | 167 Comments

(CNS): Carnival Corporation has announced a slew of layoffs, furloughs, reduced work weeks and salary reductions, including senior management, across its cruise line brands in an effort to survive in the face of the current pandemic, which has put a temporary stop to all cruises. This followed refinancing efforts last month that netted $6.4 billion […]

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