Key Market Indicators
Tobagonian tourist arrivals are projected to experience a slight decline over the next five years. By 2028, the number of visitors is expected to reach approximately 478,000, down from around 482,000 in 2023. This represents a year-on-year decline of 0.1% on a compound annual growth rate (CAGR) basis. Since the year 2000, the demand for tourism in Tobago has decreased by an average of 0.8% annually. In contrast, Tobagonian tourism receipts are anticipated to grow. By 2028, tourism revenue is forecasted to hit approximately $182 million, up from $173 million in 2023. This marks an average annual growth rate of 0.8%. Since 2000, Tobago's tourism market has seen an average annual growth of 3.1%.
