Guyana’s tourism sector recorded another notable investment milestone with the commissioning of new conference cottages at Baganara Island Resort, representing a GYD$320 million local private-sector investment and underscoring rising confidence in the country’s development trajectory.
The expansion adds to Guyana’s growing eco-tourism and hospitality infrastructure and reflects increased domestic investment in tourism facilities, particularly in interior and riverine locations. Officials described the project as part of a broader effort to position tourism as a strategic pillar of economic diversification, regional development, and biodiversity-based growth.
Speaking at the commissioning ceremony, Guyana’s Prime Minister Mark Phillips and Minister of Tourism, Industry and Commerce Susan Rodrigues highlighted the role of sustained public investment and improved connectivity in supporting private-sector expansion in the tourism industry.
Chief Investment Officer and Agency Head of the Guyana Office for Investment, Peter Ramsaroop, noted that the Baganara expansion reflects growing investor confidence driven by policy certainty, infrastructure development, and improved access to interior destinations. He added that Go-Invest played a facilitating role in supporting the local private-sector investment.
“Baganara did not expand by chance. It expanded because Guyana is now deliberately connected,” Ramsaroop said, referencing improved airlift, transport infrastructure, and public investment that have reduced barriers to tourism development.
He emphasised that local investment remains a strong indicator of confidence in national economic direction, noting that expansion by interior tourism operators signals that growth momentum is extending beyond coastal and urban centres.
“When interior destinations expand through local capital, it indicates that confidence in the national growth path has reached the hinterland,” he said.
Ramsaroop further highlighted that tourism development is being treated as part of Guyana’s broader economic infrastructure, linked to transportation, energy, logistics, and environmental services. This integrated approach, he said, supports the simultaneous advancement of conservation and commercial activity.
The project was also cited as an example of private capital aligning with national development priorities. Ramsaroop commended the Correia Group for investing in tourism assets that support sustainable growth while responding to market demand.
With upgraded airports, expanding air connectivity, and major infrastructure projects coming on stream, officials noted that Guyana’s tourism sector is entering a new phase characterised by greater scale, improved accessibility, and stronger participation by local investors.
