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Jamaica tourism sector rebounds: CARICOM BUSINESS

Jamaica’s tourism sector continues to lead the recovery efforts for the island’s economy, earning US$1.31 billion, of which US$97.58 million has been accrued directly by the Government.

According to Tourism Minister Edmund Bartlett, “Based on our run rate forecast of visitor arrivals for June 2021, Jamaica would have received an estimated total of 816,632 visitors since reopening in June 2020. Of the total visitor arrivals, 510,359 or 62%, came to Jamaica since January 2021.”

Ninety per cent of the business is being generated by the US market. The estimated earnings see the Tourism Enhancement Fund bringing in US$16.3 million for the period; departure taxes, US$28.5 million; and visitor expenditure a whopping US$1.2 billion.

Airport improvement fee, airline passenger levy, passenger fees and charges, all combined, reflect a total of over US$51 million. (JG)

Extract from CARICOM BUSINESS Vol 4 No 25

Click on Image or Link below to read full Newsletter

Caricom Business June 26 2021_vol-4-No-25

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