Published on : Sunday, January 27, 2019
While highlighting the importance of these contracts, which were made at FITUR in Spain, Minister Bartlett said, “The value of this investment cannot be overstated as it will transform our tourism product and allow for heavier marketing of the destination. More rooms mean more visitors and more visitors mean more foreign exchange earnings and ultimately more economic growth, which is in line with our 5x5x5 growth strategy.”
At present, Jamaica’s room stock is 32,000. As part of the Ministry’s 5x5x5 growth plan, the main target is to have 15,000 extra rooms by 2022.
“These mega projects are ready to go. Funding is in place, lands have been purchased and development ready to begin following the requisite approvals being granted. In fact, H10 will officially break ground on February 6 and Princess Hotels will do so by mid-February,” added Minister Bartlett.
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