Budget 2026 earns praise from THAG for boosting tourism development

The Tourism and Hospitality Association of Guyana (THAG) has commended the Government of Guyana following the presentation of Budget 2026, which the association describes as a bold and forward-looking development agenda that firmly positions tourism as a key pillar of national growth, economic diversification and community empowerment. According to THAG, while tourism is not always explicitly referenced in every budget line, Budget 2026 clearly demonstrates that the sector is being actively supported through coordinated initiatives across multiple ministries. The association noted that investments in infrastructure, fiscal reform, skills development, cultural promotion and improved national connectivity together create a strong enabling environment for sustainable tourism expansion.
Meanwhile, the association expressed particular approval of several policy and fiscal measures outlined in the budget, which it said will deliver immediate and tangible benefits for tourism operators. Among these is the removal of all duties and taxes on All-Terrain Vehicles (ATVs), a move THAG said will significantly strengthen the adventure tourism sector. THAG also welcomed the removal of duties and taxes on outboard engines up to 150 horsepower, noting that the measure will reduce operating costs for river transport providers, tour operators, and eco-lodges. Additionally, the introduction of flat tax rates for double-cab pickup vehicles was described as a practical intervention that will make essential tourism transport more affordable. According to the association, the reduction of the 14-day residency requirement for destination weddings is another major step forward, unlocking Guyana’s potential in a rapidly expanding niche tourism market. THAG further welcomed the removal of corporate income tax on agriculture and agro-processing, stating that the measure reinforces the agri-tourism value chain and strengthens linkages between farming communities and tourism enterprises.
Meanwhile, THAG said the establishment of a Guyana Development Bank, offering zero-per cent interest financing to small and medium-sized enterprises, is expected to provide critical support to tourism businesses, particularly small and community-based operators. The association also highlighted the planned upgrading of the Arthur Chung Conference Centre (ACCC), which it said will enhance Guyana’s capacity for Meetings, Incentives, Conferences and Exhibitions (MICE) tourism and business travel. The association further noted that Government investment in culture, creativity and sport will play a key role in expanding Guyana’s tourism product. According to THAG, allocations supporting the Orange Economy – including flagship projects such as the Palmyra Cultural Market and the National Art Gallery and Museum – along with funding for cultural and sporting infrastructure, will significantly enhance cultural and sports tourism offerings. THAG also pointed to urban development initiatives under the Ministry of Local Government and Regional Development, including the Georgetown Enhancement Programme and the Solid Waste Disposal Programme, as critical to improving city aesthetics, cleanliness, destination image and the overall visitor experience. From an infrastructure standpoint, the association said, Budget 2026 delivers transformative support for tourism through major investments aimed at strengthening national connectivity. These include the expansion and rehabilitation of hinterland and coastal airstrips, continued construction of the new arrivals terminal at the Cheddi Jagan International Airport (CJIA) and funding for navigational aids to improve the safety of domestic air and maritime travel. THAG also drew attention to significant allocations for road and bridge development, including the Linden–Mabura Road and Kurupukari Bridge, the Mabura–Lethem Corridor and the New Amsterdam–Moleson Creek Highway. According to the association, these projects will reduce travel time and transportation costs, improving access to tourism destinations across the country. Hinterland electrification and water supply projects were also welcomed, as they enhance sustainability and business viability in remote tourism communities. In addition, THAG expressed strong support for the allocation of G$2.2 billion to complete and equip the Hospitality and Tourism Institute, describing it as a landmark investment in tourism human capital. The association noted that this initiative complements the work of institutions such as the Carnegie School of Home Economics and will strengthen service quality, professional standards and workforce readiness throughout the sector. The association further observed that Budget 2026 is being financed without the introduction of new taxes, reinforcing what it described as a stable, predictable and investor-friendly environment for tourism development.
THAG believes Budget 2026 sends a clear and unmistakable message that tourism is a cross-cutting national priority. According to the association, even where initiatives are not explicitly labelled as tourism projects, they collectively build the ecosystem necessary for the sector to thrive. THAG concluded by thanking the Government of Guyana for its continued commitment to building a resilient, diversified and inclusive economy and expressed its willingness to deepen collaboration to ensure tourism remains a central driver of national development and shared prosperity.