12th September 2017, 19:35
The GSD Opposition has published a graph showing how much money has been lost to Gibraltar from tourism expenditure since the GSLP/Liberal Admistration came into office.
The table shows the Government’s own published figures from its tourism survey and the inflation adjusted figures alongside them. The GSD claims it reveals the shocking fact that in the past 5 years, not only has Gibraltar failed to come close to the 280 million pound highs it achieved in 2011, the last year of the GSD Administration, but in real terms, it’s not even reaching the level of expenditure achieved way back in 2005.
GSD tourism spokesman, Trevor Hammond says tourism expenditure has always been a key part of the economy. He claims the Government has managed to lose hundreds of millions of pounds and failed to cash in on the global rise in tourism of the last few years.
The GSD criticises the Government’s tourism record, saying it’s clearly not investing in the right areas as the investments are clearly not drawing returns. It also feels that policies like preventing tourists from driving up the Rock and then clamping them for parking in town are having further negative effects.