Weak data capture and ad-hoc event-focused management are among two of the main barriers preventing T&T from properly monetising its Carnival product.
This from Dr Keith Nurse, president of the College of Science Technology and Applied Arts T&T (COSTATT), who shared his insights with the Sunday Business Guardian on how this country can properly cash in on its most touted festival.
Nurse is a former member of Government’s Economic Development Advisory Board and an economist, said, “We need to break out of the narrow event-focused approach where we only organise for the time leading up to Carnival. The market in T&T has peaked. The data in terms of arrivals and even visitor expenditures has plateaued since about 2014,” he said.
Stating that the only data that T&T “really captures” is visitor arrivals, he said these figures have been hovering between 35,000 and 40,000 for more than a decade.
Nurse said while visitor arrivals are key to tally, there needs to be more drilling down on the numbers, as he said a publication called “Carnival Digest” which used to be prepared by the Central Statistical Office (CSO), was vital in sharing critical information.
However, that has been discontinued for more than a decade.
“That used to capture the data on not just the arrival and expenditure, but where people came from in detail and it would also drill down on all of the expenditures. So, the document would indicate not just what people were spending on things for Carnival, but also how much was being spent outside of things related to Carnival.
“So, for example, expenditures on attractions, going to visit the Caroni Bird Sanctuary or going to Asa Wright. Some of that has been captured in the tourism data so, festival tourism impact is still something that we’re capturing,” Nurse said.
A resident of Glasgow, Scotland, for about four years, Nurse said he would go to the Edinburgh festival every year witnessing the importance of data capture and its impact.
“They have about 10 festivals, nine of them happen all at the same time in the summer, and one happens around Christmas time and they document the economic impact for each. We’ve been running longer than Edinburgh festival...And still to this day, we do not generate an economic report identifying the economic impact.
“This is the greatest tragedy of all tragedies. It’s a sad commentary on our capacity as a country not to document and map the thing that we are so successful at,” Nurse said.
Noting that several “carnivals” take place at the same time all over T&T, apart from the main Carnival event in the capital, Nurse advised that information on the smaller carnivals can also assist in tracking the progress of emerging ideas.
“So, if you don’t want to be in Port-of-Spain, there is another carnival somewhere close by that you can participate in. And what that has done is actually keep some of the more traditional masquerade elements, like costuming, alive in some of those carnivals.
“So, it’s like a means of cultural preservation as well as a means for incubating some of the new ideas that are coming into T&T Carnival. That’s one of the things that the National Carnival Commission has done well, which it needs to continue to facilitate,” he said.
However, Nurse pointed out that what is not being captured now is data on the ancillary industries.
“For example, how is Carnival impacting the beverage market?...How is it impacting on the media, radio stations? So, the average cost of an ad goes up significantly during Carnival period.
“What is the impact on car rentals. And then there are areas related to what we call the creative industries itself. Has the cost of costumes gone up, or is it going down? What is the domestic expenditure on some of these things? We generally don’t know. We have the foreign exchange impact from visitors, but the domestic expenditure we haven’t done an actual study of that for a long time, if at all, really,” Nurse said.
Another area that needs to be examined is intellectual property branding, which is a big income generator.
“And that’s what we’re not maximising on. So for example, if you go around the savannah you will see those big billboards. For example, Johnnie Walker has people on stilts and wearing Pierrot Grenade costumes or whatever else. Those are really important branding opportunities from a foreign alcohol producer.
“Across from Movietowne, Absolute has a big pan in the middle of that grassy area. That’s another example but as a country, we haven’t been exploiting strategically this element of what I call destination branding and intellectual property branding. Major cities all around the world are doing this in a big way,” Nurse explained.
In fact, he said “in the literature,” intellectual property branding is referred as “festivalisation,” where festivals are used as a mechanism to generate wealth, jobs, foreign exchange in multiple sectors.
“And that’s the beauty of the creative sector. The creative sector creates many opportunities for what we call spin-off economic benefits.
“It has strong multiplier effects, more than you would find in any other sector. Not in agriculture, not in banking and finance, not in oil and gas, and so on,” Nurse added.
Even after Carnival Monday and Tuesday comes to an end that does not mean data tracking should be stopped, especially as it relates to the creative industries exports.
He questioned how many masquerade bands are exporting their services outside of T&T after Carnival, whether it is their design services or if they selling costumes abroad.
Another unknown the economist outlined is the extent to which soca artistes are performing abroad and how much are they earn.
“How many steelbands are performing outside of Trinidad? What is the size of their bands? Where are they going? How much are we earning in intellectual property earnings? On copyright some of that data you could get from COTT (Copyright Music Organisation of T&T) but that’s only for music. This is multifaceted,” Nurse explained, emphasising there is a whole range of opportunities associated with T&T Carnival.
Even in the beverage sector data can be tracked for the spin-off Carnival events, he said.
“Is Carib selling more beer in New York or in Washington, DC or Miami where there are big carnivals. How are we tapping into that? I know some of the big bands, masquerade bands, have band launches in these cities as well and they earn income there.
“On that side of the equation, we have not been capturing the data. It’s very difficult to capture because often people don’t want to tell you what they’re doing and how much they’re earning in their external activities. But if we are serious about building an industry, then we need to know how our ingenuity and creativity is being deployed and being monetised. And the key to all of this is to capture the data,” he maintained.