Barbados could be pocketing more than $200 million yearly when Sandals Resorts International’s two Barbados hotels are in operation.
Salaries and local supplies will account for about half the total, with Value Added Tax, utilities and National Insurance Scheme commitments calculated at almost $50 million.
“The economic footprints of what Barbados stands to gain when Sandals and Beaches are up and running at the same time will be over US$90 million a year in direct and indirect contributions,” Sandals CEO Adam Stewart told the SUNDAY SUN.
It includes US$36.5 million in payroll, US$18 million for local supplies and Government direct contributions of almost US$22 million.
