BUDGET 2023: $490M for construction of much-needed tourism & hospitality institute

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Government has set aside $490 million in this year’s budget for the construction of a modern tourism and hospitality training institute and to cater for capacity building, institutional strengthening and furniture and equipment.

This training institute is viewed as a much-needed institution given Guyana’s growing prowess as a tourism destination.

With the establishment of several new hotels, as well, the government has expressed a keen interest in getting more Guyanese trained to satisfy the labour demands.

In 2023, the Caribbean Development Bank approved a US$11 million ($2.3 billion) loan for the development of this institute. The project should be completed by 2025.

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