A Study On The Competitive Tourism Environment Which Barbados Faces: Its Challenges & Solutions
Tourism is the world’s largest industry. In 2008 it produced 9.4% of the world’s GDP, employed 7.6% of it labour force and contributed 10.9% of foreign currency earnings. In 2008, there were 922M tourist arrivals which produced US$944 billion dollars in revenue. Download full report
By Terry Hanton
June 21, 2010
Tourism is the world’s largest industry. In 2008 it produced 9.4% of the world’s GDP, employed 7.6% of it labour force and contributed 10.9% of foreign currency earnings. In 2008, there were 922M tourist arrivals which produced US$944 billion dollars in revenue.
Terry Hanton is a Chartered Accountant who specialises in consultancy services to the real estate and hospitality sectors. He is also a member and accredited valuer of the Barbados Estate Agents & Valuers Association (BEAVA), and previously held the position of Vice-President of this Organisation. Terry has over 10 years of experience in conducting valuations for residential and commercial properties. From 1984 to 1996, he was the Finance Director of St. James Beach Hotels Plc., a Barbados based hotel group which was listed on the London and Barbados exchanges.
In addition to his role at Property Consultancy Services Inc., he is the Director of Sales of Altman Real Estate, which has allowed him to maintain an intimate knowledge of the real estate market.
From 1998 to 2008 he was Project Director of the Sugar Hill Development which is a resort community located in Barbados, owned by David Lloyd and a syndicate of investors. The project is a tennis community consisting of 100 homes on 52 acres. The investors are nonexecutive, and Mr. Hanton was responsible for executing the project in its entirety. He is also a past Director of Needhams Point Holdings Ltd. as well as of several property development companies.
He has conducted feasibility studies, market research projects and business valuations and has also provided project management, and property investment advice and financial and accounting services to a broad range of clients.
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