Permanent secretary in the Ministry of Sports, Stanley Knight says the hosting of the 2016 CPL T20 games will have a significant impact on the economy of St. Kitts and Nevis.
During this week’s edition of “Working for You”, Knight said evidence of this economic impact can be seen from the Economic Return on Investment Report done for St. Kitts and Nevis in 2015.
“This would include things such as revenues from hotels, food and beverages industries, taxes, all of the secondary and tertiary support services that come along with that type of influx of persons. The total impact on the economy of St. Kitts and Nevis was around US $20 million,” he said.
He also noted that the CPL games put the spotlight on the usually invisible sports sector.
“Often you can see the tourism sector easily, you can see the agricultural sector and even though it is not large, you can see the manufacturing sector. Often persons don’t see the sports sector but
According to last year’s assessment the total number of spectators was 38,814; 243 jobs were created and the payroll was US $72,000.
The television audience was almost 30 million and the total number of hotel guests 4,461.