The overcrowded overnight parking section at the Owen Roberts Airport is evidence of the high number of residents that leave these shores on long weekends. We asked a number of our readers in one of our “Talk on the Street” segment why they leave the island and were pleasantly surprised to see that some of them visited the Sister Islands.
Local residents have also been known to use these holiday periods for shopping trips and whilst we support a trip overseas for rest and relaxation, we remain concerned at the high volume of travelers that spend their dollars in foreign jurisdictions.
Their explanation is related to the cost savings even after taking traveling costs into consideration. Here is an example. A traveler purchased a HP Pavilion laptop with 8G of memory and 1 terabyte Hard Drive for US$649. After paying 22% duty at the airport the landed local cost was only CI $664. A similar laptop is priced at around CI$900 in Grand Cayman which equates to a savings of $223. If this type of shopping is repeated for a number of items, it is clear to see that travellers will really realize savings by spending their dollars overseas.
As we campaign to encourage local spending, we encourage merchants to review their pricing strategies in attempt to make shopping in the Cayman Islands more attractive.
In addition residents will be able to particpate in the National Heroes Day event this coming weekend which honours our pioneers of Sports on Monday January 22nd.