Jamaica A Prime Destination For Tourism Investment – Minister Bartlett

Jamaica News: Minister of Tourism, Hon. Edmund Bartlett, says the strategic marketing of the sector beyond the traditional sand, sun and sea concept has placed Jamaica in the enviable position of being a prime destination for foreign direct investment (FDI).

Addressing a group of high-level investors and other stakeholders at a cocktail reception for the Caribbean Hotel Investment Conference and Operations Summit (CHICOS) in Montego Bay on Wednesday night (November 13), Minister Bartlett said that the Government “has been pulling out all the stops to create the kind of business climate to capitalise on the quality interest being shown”.

“This meeting of more than 300 investors is of tremendous importance to us, because what you are doing is helping to enhance the well-being of not just Jamaica but also the Caribbean by [attracting] investment in a key area that is driving the economy of the region,” he noted.

“Through such investment, you are helping to create jobs to enable stability, but more so build the capacity of the people of the region to offer more,” he added.

The Tourism Minister said the prospects for Jamaica’s tourism going forward have “never been better”, pointing to the more than 15,000 rooms that will be constructed over the next five years.

He cited the recent $11-billion investment by RIU Hotels & Resorts in its Ocho Rios property as “a big vote of confidence”.

The Tourism Minister said he is hoping that the two-day regional summit from November 14 to 15 will look beyond traditional tourism investments.

“I also want us to look beyond rooms, because for tourism to become truly inclusive and to enable the development and the enrichment of the people of the region, we have to invest on the supply side,” he said.

“Unless there is a building of capacity to absorb the demand that tourism brings then tourism will be a negative industry in the region,” he added.

“So investment discussions must be to enrich the Caribbean and to create, for us, the opportunities to realise our best selves and to earn and achieve prosperity,” the Tourism Minister emphasised.

President of Jamaica Promotions Corporation (JAMPRO), Diane Edwards, said the agency welcomes the staging of CHICOS and its focus on investment in a critical growth sector.

“The hospitality sector is a big deal in the Caribbean, which is why JAMPRO appreciates the opportunity to be a part of this two-day event,” she noted.

Meanwhile, Tourism Minister of The Bahamas, Dionisio D’Aguilar, said his country has been rebounding “beautifully” after the ravages of Hurricane Dorian earlier this year.

“We are thankful for all the support we have received worldwide, especially from our Caribbean neighbours,” he said.


Source: JIS News

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