Tourism Industry News

Tourism Leads Jamaica Economy

24/08/2009 14:41

jamaicaTourism continues to be the strongest performer in the Jamaican economy, according to the Bank of Jamaica’s (BoJ) Quarterly Economic Report for April-June, released last week.


The only other sector projected to record expansion is the hotel and restaurants sector which benefited from the diversions of visitors to Jamaica from Mexico due to the outbreak of the H1N1 virus there, as well as the advertising and promotional activities of the Ministry of Tourism. In this context total stopover arrivals are expected to grow by 1.5 percent.


Overall, growth in hotels and restaurants was estimated to be above the average expansion of 1.9 percent over the last eight quarters. The BoJ also reported that stability has returned to the foreign exchange market, enhanced by a lowering of the demand for net foreign currency to facilitate current account transactions.


Source: CaribbeanNewsDigital




See Also Other News

Travel Marketing

05/10/2011 17:33

Optimising QR Codes for hotels

Bar codes are not new technology, but they can be an incredibly effective way of...
18/07/2011 13:56

St. Kitts Tourism Authority Launches New Branding, Website

The St. Kitts Tourism Authority introduced new branding and a new website. The country’s...

Hotel Marketing

05/10/2011 17:27

American Hotels Embrace Chinese Business Travelers

Earlier this year, some 14,000 members of Amway China arrived in waves of 2,800 each for...
18/07/2011 14:01

Top 10 trends for the boutique hotel sector

Delegates at the inaugural Boutique Hotel Summit, Europe's first b2b conference for the...

Airline Industry

05/10/2011 17:43

IATA Reports Air Passenger Demand Slowdown in August

Air traffic demand continues to grow but at a slower pace, according to the...
05/10/2011 17:36

Qantas CEO Receives Threat In Union Dispute

Australia's Qantas Airways industrial fight with unions has turned nasty, with...

Search site