Aerial Tram Dominica announces closure

first_imgLocalNews Aerial Tram Dominica announces closure by: – June 6, 2012 100 Views   no discussions Sharing is caring! Tweet Sharecenter_img Share Share Rain Forest Aerial Tram. Photo credit: catravelservices.comThe management of Rain Forest Aerial Tram has finally broken its silence on rumors that the company would be closing its doors.A press statement issued by the company on Wednesday indicates that the shareholders have decided to close the park “permanently” after nine (9) years of operation.In that statement, Chairman of Rain Forest Tram Ltd, von der Goltz noted the impact that this decision will have on the community of Laudat as well as the employees of the company.“We are very sad to be making this announcement. As a company committed to the local communities and saving rainforests where we operate, we are aware of the negative impact this closure will have in Dominica, and its wonderful employees as well as the community of Laudat who have sacrificed so much to try to make this park a success,” Goltz said.He explained thought that the venture has not been able to realize a profit hence the decision to close the operation.“However, while all of our other operations are thriving, our park in Dominica has not made a profit in eight of the nine years we have kept it open. The local tourism industry is not showing any significant new signs of growth and the cruise ship business, a mainstay for tourism traffic in Dominica (95% of our business), has declined sharply in the past few years due to the lack of attractions and services as well as the 15% VAT tax imposed in 2007. To be a sustainable company, we also have to be economically viable which forces us to focus our attention on locations where tourism has a stronger growth rate”.According to him, the company has invested over $6 million into the park and they can no longer justify this continued financial investment.“We no longer can justify continuing to invest more money into the operations without seeing a reasonable return on investment as we are experiencing in our other parks. Today it truly is a sad day since Dominica was our most beautiful and spectacular park. Despite the disappointing tourism economy, we funded the losses with an additional cash investment of over $1,000,000 the last 9 years and were always proud of the incredible work ethic and level of service provided by our employees”.Over sixty (60) employees are now unemployed as a result of this closure.Rain Forest Aerial Tram opened its doors to the public in October, 2003 and at that time was only the second of its kind in the Caribbean region.The company offers locals and visitors “a scenic Gondola ride, guided nature hikes, a suspension bridge, cafe and exceptional access to one of the most beautiful and vibrant rainforests in the world”.Dominica Vibes Newslast_img