Tag: tourism revenue

Inflation boosts government’s tourism revenue

Inflation boosts government’s tourism revenue

| 24/07/2023 | 36 Comments

(CNS): The number of overnight guests visiting the Cayman Islands this year is now close to pre-pandemic levels, providing a welcome increase in government revenue, which has been boosted by inflation that has led to an increase in hotel room rates. Tourism Accommodation Taxes and Fees have already surpassed the annual budget forecast in the […]

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