ST. GEORGE’S, Grenada, CMC – Grenada has recorded a 12.5 per cent decline in stayover arrivals for the first five months of this year. Still, officials are hopeful of a rebound in the remainder of 2025.
Ciera Duncan, a Policy Analyst in the Ministry of Finance, presented a report on the economy’s performance for the first five months of this year, stating that the data showed a significant decline in stayover arrivals from all major markets.
“What we see is that there were tremendous declines in the first five months of the year. We have seen a decline in records from advanced economies. If we look at the United States, Europe, and Canada, you will see they have the highest decline,” Duncan said.
“This has resulted in an overall 12.5 per cent decline in overall stayover arrivals as compared to the first five months of 2024,” she said, noting also that the Caribbean stayover arrivals were also “a bit disheartening.
“There has also been a decline in Caribbean stayover arrivals by 16.6 per cent, and when we had consultations with stakeholders in the tourism sector, they explained to us that there are many factors that can cause this.
“And one of these is that there is such a high airlift cost that, as well as there are limited direct flights between Caribbean islands. These are things that are faced within the tourism sector as well as the international developments that are happening right now,” Duncan added.
A review of the data for the first three months of 2024 and 2025 showed a significant difference, with Duncan attributing this to the economic conditions in Grenada in 2024. “The fact is, this time last year we were not faced with this high tension and uncertainty within the economy, nor were we struck by Hurricane Beryl, nor did we have the 50th Independence celebrations, nor the CARIFTA games,” she said.
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