Published On: Mon, May 30th, 2016

“Tourism as an Economic Development Tool: The Myth and the Magic”

The seminar organized by ICUC MBA Group XIII was a great success!

ICUCWILLEMSTAD – Last Thursday, May 26th 2016, the Master in Business Administration (MBA) Group XIII students at the Inter-Continental University of the Caribbean (ICUC), hosted the seminar titled "Tourism as an Economic Development Tool: The Myth and the Magic", and it was a great success for them and the guests that attended.

The guest speaker at this seminar was Mr. Vincent Vanderpool-Wallace and some of the guests in attendance were Minister of Education Mrs. Irene Dick and Commissioner of Tourism in Bonaire Mr. Joselito Statia. Mr. Vanderpool-Wallace brought up a lot of interesting points of what he thinks will benefit our islands tourism, and the economic development that will come from it.

Mr. Vanderpool-Wallace simply defined tourism as “that part of GDP that comes from the economic activity from visitors”. Meaning, that everyone that spend money locally but that does not live there, is contributing to tourism.

One of the main points he brought up and stressed on was that we need to recognize that our island has a beautiful mixture of people, cultures and ways of doing things that is very unique. He has never seen anything like this in all the countries and islands he visited and he stresses that we need to use this to our advantage by working together to reach our goal of Tourism and Economic success.

Another point that Mr. Vanderpool-Wallace brought up is that we need to accept that tourism is an economic sector and not just an industry and that we are in the most competitive business there is. All countries, local and foreign businesses, and people are involved in tourism, whether we know it or not.

The seminar could not have been possible without the sponsors: Ennia, CTB, Kura Hulanda, Island Oasis, ABC Busbedrijf Orco Bank, Ecolab, Massive Productions, Caribbean Tourism Organization and ICUC.

We cannot wait for what the future of tourism brings!

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