Antigua and Barbuda’s tourism sector has achieved unprecedented financial success, with Prime Minister Gaston Browne revealing a remarkable 48% surge in visitor expenditure over the past decade. The announcement came during Thursday’s parliamentary presentation of the 2026 national budget, where Browne disclosed that tourism receipts skyrocketed to a record-breaking $2.4 billion in 2024.
The substantial growth transcends conventional leisure travel, driven instead by strategic positioning as a premier destination for high-value international gatherings. The Prime Minister highlighted several landmark events that significantly elevated the nation’s global standing while generating superior per-capita spending. Among these were the Fourth International Conference on Small Island Developing States (SIDS4), the Caribbean Travel Marketplace, and the Organization of American States General Assembly, each attracting thousands of delegates with substantial disposable income.
‘Our tourism product has transformed into one of the region’s most resilient economic assets,’ Browne declared before Parliament. This strategic pivot toward premium markets has established the dual-island nation as the Caribbean’s foremost meetings and conferences hub, effectively extending tourism beyond seasonal limitations.
Government investments in enhanced infrastructure have been instrumental in this success story. Modernization initiatives include the upgraded cruise port facility, expanded airlift agreements with international carriers, and diversified accommodation options spanning luxury hotels, boutique villas, and a rapidly growing Airbnb sector that now represents approximately 35% of visitor stays. This variety has democratized tourism benefits, distributing economic gains deeper into local communities.
Additional contributors to the expenditure surge include the expanding luxury yachting industry, strengthened culinary tourism offerings, and innovative entertainment options. The positive trajectory is expected to continue with the upcoming 2026 Commonwealth Heads of Government Meeting, anticipated to draw thousands of high-spending attendees.
Browne emphasized that tourism’s robust performance underscores its critical role in national development, supporting broader fiscal improvements including budget surpluses and increased capital investment. The parliamentary budget debate is scheduled to resume next week.