Scarborough, Tobago – Chief Secretary Farley Augustine has expressed strong satisfaction with the $12.5 million investment made in hosting the recent Tobago Carnival. This significant allocation has proven to be well-spent, generating substantial economic returns for the island’s private sector.
Earlier this week, the Tobago business community reported overwhelmingly positive results, including almost full occupancy in the accommodation sector throughout the Carnival period. Beyond hotels and guesthouses, businesses across various sectors saw an impressive up to fivefold increase in sales of goods and services, signaling a robust economic boost for Tobago.
This success underscores the growing impact of Tobago Carnival as a key economic driver for the island, attracting visitors and stimulating local commerce.
Reporter Kandace Jackson has the full details on the economic impact and the Chief Secretary’s assessment of this profitable investment in Tobago’s premier cultural event.
