Tue | Sep 26, 2017

Bartlett expects Jamaica to earn US$2b from tourism by 2021

Published:Tuesday | May 23, 2017 | 5:03 AM
Bartlett

Tourism Minister Edmund Bartlett has set a target of 2021 when he expects US$2 billion to flow directly into the Jamaican economy from tourism.

Bartlett says Jamaica is poised to increase its retention rate from tourism earnings by over 300 per cent in the next four years.

Currently, Jamaica earns just over US$2 billion annually from tourism but retains 30 per cent of that amount or US$600 million.

Jamaica’s 30 per cent retention rate compares favourably with the rest of the Caribbean where the rate is 20 per cent but is half of that of India, which sees a 60 per cent retention rate.