It constitutes the single largest foreign exchange earner, generating a net surplus in travel services.
Tourism is a sector predominantly driven by SMEs and is particularly valuable as an agent for development and as a driver for socio-economic progress. Tourism encompasses a wide range of goods and services sectors and generates multiplier effects across many sub-activities in the value chain. These activities are interlinked with many other activities across the economy and have trickle-down effects that benefit local and marginalized communities.
Tourism is explicitly mentioned in the United Nations Sustainable Development Goals (SDGs) 8, 12 and 14 highlighting the sector’s potential to contribute to economic growth, social inclusion and environmental preservation.
The CRT is currently developing tourism projects within our representative countries, with these projects being scaled to develop export strategies, enhance hotel services, increase the use of local produce by the tourism industry and strengthen the networks of local agencies within tourism.
The CRT’s approach to tourism focuses on increasing links to local markets, significantly expanding product offering to potential tourists, attracting investment and creating jobs at scale. The ultimate objective is to increase tourist arrivals and to maximize the sector’s contribution to sustainable development.