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The number that you are desperately grasping for is right around 7.5% of GDP. The contribution of all tourism to GDP is dropping and settling in on 7% in the long term.Dohplaydat wrote:
All I'm saying is that Carnival is a huge part of our economy and job creation and in these times, it's not something we can just disregard and throw away.
Carnival has the potential to be one of our biggest export products and contributors to our economy.
Ben_spanna wrote:Anyone who’s willing to sign up for carnival 2021 should also sign a contract that after carnival they have to be put into quarantine for a month after and if during that time you have COVID -19 you would have waived your right to any health care... if you think carnival is more important than everyone’s life then you should be willing to risk your own stupid death.
adnj wrote:The number that you are desperately grasping for is right around 7.5% of GDP. The contribution of all tourism to GDP is dropping and settling in on 7% in the long term.Dohplaydat wrote:
All I'm saying is that Carnival is a huge part of our economy and job creation and in these times, it's not something we can just disregard and throw away.
Carnival has the potential to be one of our biggest export products and contributors to our economy.
That means that all tourism is about TT$12B.
Carnival GDP is about TT$1.1B.
Foreign Traveler spending for carnival is about TT$340M.
https://knoema.com/atlas/Trinidad-and-T ... ent-of-GDP
All of this was posted earlier with sources.
Ben_spanna wrote:Anyone who’s willing to sign up for carnival 2021 should also sign a contract that after carnival they have to be put into quarantine for a month after and if during that time you have COVID -19 you would have waived your right to any health care... if you think carnival is more important than everyone’s life then you should be willing to risk your own stupid death.
Cantmis wrote:Take that carnival money an invest it in agriculture, to much unused land.
Dave wrote:A stitch in time saves nine.
There is no denying that carnival does have its economic place in our calendar.
However given what we are dealing with and the conspiracy theories surrounding we had it this carnival when it was relatively young in it's infectious stages on this side of the world, one can only think what would have should have and could have happened if certiris paribus.Duane 3NE 2NR wrote:Dohplaydat wrote:Dave wrote:I can categorically say absolutely no. The Forex never makes it way to Trinidad and Tobago in the sums that they maybe proporting to imply.pugboy wrote:them carnival band and ting does inject back the USD they make from foreign masqueraders and party goers ?
they all throw same them parties in other countries too and ear forex.
asking for a friendMDtuner70 wrote:pugboy wrote:boy you asking hard questions
i always thought the same but was shame to ask them questions
Lol
Prove it, I'm very involved in the carnival industry and can tell you that you have no idea how much wealth and prosperity carnival creates for tens of thousands of citizens.
Won't it make more sense to keep those tens of thousands of citizens safe from infection next Carnival so you can have them there to spend money for many many future carnivals?
redmanjp wrote:Dave wrote:A stitch in time saves nine.
There is no denying that carnival does have its economic place in our calendar.
However given what we are dealing with and the conspiracy theories surrounding we had it this carnival when it was relatively young in it's infectious stages on this side of the world, one can only think what would have should have and could have happened if certiris paribus.Duane 3NE 2NR wrote:Dohplaydat wrote:Dave wrote:I can categorically say absolutely no. The Forex never makes it way to Trinidad and Tobago in the sums that they maybe proporting to imply.pugboy wrote:them carnival band and ting does inject back the USD they make from foreign masqueraders and party goers ?
they all throw same them parties in other countries too and ear forex.
asking for a friendMDtuner70 wrote:pugboy wrote:boy you asking hard questions
i always thought the same but was shame to ask them questions
Lol
Prove it, I'm very involved in the carnival industry and can tell you that you have no idea how much wealth and prosperity carnival creates for tens of thousands of citizens.
Won't it make more sense to keep those tens of thousands of citizens safe from infection next Carnival so you can have them there to spend money for many many future carnivals?
all that wealth and prosperity would be cancelled out by the massive wave of infections afterwards which would then result in a complete shutdown of the country for weeks- to say nothing of the amount of hospitalizations and deaths. so which is worse- a few thousand citizens losing out on a few days income or several 10s of thousands losing their jobs or at least their income for weeks?
matr1x wrote:My grandfather used to work in ministry of finance and even in the 80s-90s the actual economic contribution from carnival is negligible. Less so now
It is used to fund money laundering , that's all carnival is use for.matr1x wrote:My grandfather used to work in ministry of finance and even in the 80s-90s the actual economic contribution from carnival is negligible. Less so now
pugboy wrote:It circulates into private profits and secondary employment
But is not a direct contributor as many seem to think , ie it’s no oil and gasmatr1x wrote:My grandfather used to work in ministry of finance and even in the 80s-90s the actual economic contribution from carnival is negligible. Less so now
No_Name wrote:pugboy wrote:It circulates into private profits and secondary employment
But is not a direct contributor as many seem to think , ie it’s no oil and gasmatr1x wrote:My grandfather used to work in ministry of finance and even in the 80s-90s the actual economic contribution from carnival is negligible. Less so now
Egg-zackly...!!!
So let anything that revolves around it be self sufficient, in other words "fend fuh yuh damn self..."
pugboy wrote:yes, it doesn’t help the nation or other taxpayers per se
sure it brings in some tourists and freshwater trinisNo_Name wrote:pugboy wrote:It circulates into private profits and secondary employment
But is not a direct contributor as many seem to think , ie it’s no oil and gasmatr1x wrote:My grandfather used to work in ministry of finance and even in the 80s-90s the actual economic contribution from carnival is negligible. Less so now
Egg-zackly...!!!
So let anything that revolves around it be self sufficient, in other words "fend fuh yuh damn self..."
zoom rader wrote:It is used to fund money laundering , that's all carnival is use for.matr1x wrote:My grandfather used to work in ministry of finance and even in the 80s-90s the actual economic contribution from carnival is negligible. Less so now
Feed the natives wine and jam and tote the money out .
shake d livin wake d dead wrote:Last night I listening to two band leaders on cnc3. One man actually say every year they incur a loss but they still continue with it nonetheless. My good lord...most amout ah sheit I have ever heard
They say that to advoid taxesshake d livin wake d dead wrote:Last night I listening to two band leaders on cnc3. One man actually say every year they incur a loss but they still continue with it nonetheless. My good lord...most amout ah sheit I have ever heard
Dizzy28 wrote:^ Anecdotally and in support of what you said. One of my co workers who is a dual Trini Canadian lives for Carnival. Every year he hosts US and Canadian diaspora friends/friends of friends (not in his house but he picks them up in the airport, drops them off to where they staying, gets tickets, organize coolers and thing).
He said this year 50 ppl who normally come down or Carnival came for Bachanal Road weekend and didn't bother with Carnival it self as they said it really was too expensive. Not just the costume but the hotel and airfare prices for Carnival week was prohibitive
But further to a point of yours above you still can't prove how it earns us Forex or quantify it?
Earning Daran, Jules and Dean Forex is not the same as earning Trinidad and Tobago Forex.
Probably the most accurate post here. Seems most of tuner are not mas people. Fine, may not be for you but don't bash it. There is a whole circular economy around it. It doesn't need the negativity from people like ZR etc.Dohplaydat wrote:Hotel occupancy was probably down due to rising Airbnb listings. But I know on the whole carnival visitors are becoming less and less. Multitude of reasons, it is rediculously expensive to play mas in Trinidad vs other islands. Better and cheaper flights, hotels in other places as well etc. Many other islands and places are gaining a lot from their carnivals. There is competition, we are definitely not a tourist friendly destination, hence why it's mainly the Trini dispora and other rich islanders who come here for mas.
We need to be better, we need more comfortable mas times, routes, later hours and sexier costumes. Other islands have some wicked parties and mas days. Many trinis already admitting Jamaica carnival could become better than ours.
Only thing that keeps us ahead is soca and our fetes. We are still the Carnival capital. But we are losing ground fast.
Many of you are not Carnival people, I get that. But there's a huge community involved in this and we do need your support, not negativity.
As for the money laundering, ZR should know better. It is very very hard to launder big money through fetes or mas compared to simply a few bars or casinos.
I know it's hard to measure the economic benefits of carnival. But given that it keeps so many people gainly employed and garners a lot of Forex for us, it can't be bad.
Lastly, them businesses who say they in a loss are doing so to avoid corporate taxes. But literally all businesses do so. They still end up paying taxes if they paid themselves big salaries though, remember that.
SR wrote:While we debate about carnival and tourism
Do you think the travellers will have money to spend to come to trinidad for carnival?
Expats maybe because they crashing by some family or friends.
But the rest of the real tourists...how many do you think will be able to afford it when economies world wide are taking big dips and people are being laid off or salary cuts....
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