Resurgence in Tourism Spurs Economic Growth in Jamaica
Jamaica’s resurgent tourism industry continues to largely spearhead the country’s gradual recovery from the COVID-19 pandemic economic fallout. The Statistical Institute of Jamaica (STATIN) reports that the ‘Hotels and Restaurants’ category dominated the sector outturns fuelling third quarter 2022 calendar year growth of 5.9 per cent, between July and September. A STATIN communiqué on Friday (December 30) indicated that this category grew by 35.3 per cent, to outpace other subsectors recording growth in the Services Industry, which rose by six per cent during the period. The Goods Producing Industry also grew, recording a 5.6 per cent outturn. Growth in the hotels and restaurants segment largely resulted from increased activities in the hotels and other short-stay accommodation subcategory, which recorded a 49.2 per cent rise in foreign national arrivals, supported by positive outturns for restaurants, bars, and canteens. Speaking during the Planning Institute of Jamaica’s (PIOJ)...
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