OMB’s Spring Revenue Estimating Conference Forecasts Continued Fiscal Stability With Slight Increase in Capital

The Government of the Virgin Islands’ financial outlook for Fiscal Year 2024 is expected to continue the upward trend of increasing revenues according to the GVI agencies and departments that gave presentations at the 2023 Spring Revenue Estimating Conference held by the Office of Management and Budget (OMB). The conference on March 14 at the University of the Virgin Islands’ St. Thomas campus was one of two such conferences mandated by law to take place every year to present a more accurate and realistic financial outlook so the GVI can sustain and maintain a stable economy even as the territory’s growth continues. Video of the 2023 Revenue Estimating Conference can be found on the Government House Facebook page, and the presentations are available on the OMB website at omb.vi.gov.

USVIHTA President Lisa Hamilton presented at the conference, giving an update on the hotel industry for the STT/STJ and STX districts.

USVIHTA Annual General Meeting April 11 - RSVP Today!

USVIHTA will hold its Annual General Meeting on April 11 at 10 a.m. at The Ritz-Carlton, St. Thomas. Members will hear from the association and its board members on HTA and industry updates. Gov. Albert Bryan will also join as guest speaker. During the meeting, members will vote on the Board of Directors. Please click here to view the 2023 Election Slate. Click here to read nomination bylaws. Thank you to HTA member Viya for sponsoring the meeting. RSVP with Lisa Hamilton at lisa@usvihta.com. Maximum of three attendees per company.

You're Invited to the VISIT Reception on March 30!

Caribbean Tourism Leaders Champion Equality

The heads of the Caribbean Tourism Organization (CTO) and the Caribbean Hotel and Tourism Association (CHTA) reflected on International Women’s Day (IWD) 2023 on March 8. IWD falls in March, which is designated Women’s History Month, and aims to help champion women’s rights and equality across the world. This year, the United Nations observed IWD under the theme, "DigitALL: Innovation and technology for gender equality," which celebrates the women and girls who are championing the advancement of transformative technology and digital education.