The room stock in SVG continues to growth this was confirmed during the budget presentation by Minister of Finance Camilo Gonsalves.
Less noticeable, but no less significant, is the explosion of Vincentian entrepreneurs who are constructing and listing individual small properties on online marketplaces like Airbnb.
Today, over 300 listings, representing over 600 bedrooms across Saint Vincent and the Grenadines, are offered on Airbnb.
Two weeks ago the Tourism Authority commenced negotiations with Airbnb on a Memorandum of Understanding to, among other things, ensure that these providers pay their fair share of fees and taxes.
Airbnb, Inc. is a privately held global company headquartered in San Francisco that operates an online marketplace and hospitality service which is accessible via its websites and mobile apps.
Members can use the service to arrange or offer lodging, primarily homestays, or tourism experiences.
