Tourism takes centre stage but it’s no magic bullet

Tourism takes centre stage but it’s no magic bullet

 

Key players from the tourism industry say they have good reason to feel bullish about a successful summer season, but some industry watchers say it is not the magic bullet it once was and cannot save the island like it did after 1974.

Proposed upgrades have boosted confidence, with both the government and international lenders suggesting that investment in tourism has the best shot of plugging the gap left by the near demise of the financial services industry.