St. Kitts and Nevis: A Success Story in Cruise Tourism and Shared Value

Introduction

The island nation of St. Kitts and Nevis has achieved remarkable success in improving its safety, security, and economic prosperity through collaborative efforts. This achievement is a testament to the power of partnership and shared value creation.

Cruise Tourism Success

Key Statistics

• High-Rated Destination: St. Kitts is among the highest-rated destinations in the Caribbean for cruise tourism expenditure and passenger satisfaction.
• Growth in Passenger Arrivals: Cruise passenger arrivals to St. Kitts have grown by over 400% in the past six years, outpacing the growth of the entire Caribbean region.
• Increase in Average Spend per Passengers: The average spend per passengers increased from $57.40 in 2006/07 to $108.90 in 2011/12, surpassing the Caribbean average.

Coalition’s Impact

Creating Shared Value for Businesses and Society

• The Coalition’s efforts have created shared value for businesses and contributed to the common good.
• Business organizations of the Coalition have benefited financially while contributing to the improvement of safety, security, and economic prosperity in St. Kitts and Nevis.
• A key factor in the success is the sense of confidence and pride in one’s home country.

Creating Shared Value (CSV)

Key Building Blocks

• Dialogue: Encouraging open communication among stakeholders to create a collaborative environment.
• Access: Providing opportunities for stakeholders to engage with each other and share knowledge.
• Risk-Reward Understanding: Recognizing the risks and rewards associated with shared value creation to ensure mutual benefit.
• Transparency: Maintaining openness and honesty in all interactions to build trust among stakeholders.

Overall, St. Kitts and Nevis’s success serves as a model for other nations seeking to improve their safety, security, and economic prosperity through collaborative efforts and the creation of shared value with key stakeholders.