Jampro, the marketing arm of the Jamaican Government, is facilitating three medical tourism projects that will mean tens of billions in new investments were they to come to fruition.
The projects, designated for the parishes of Portland, St Andrew, and St James, require financing, the agency said at a webinar it hosted regarding prospects for the subsector.
The global tourism market generates some US$3 trillion a year. Jamaica’s tourism earnings pre-COVID topped US$3 billion annually, but information regarding the flows contributed by medical tourists was not immediately available.
Still, Jampro President Diane Edwards was bullish about the prospects.
“There are things happening in the space,” she said.
An investment opportunity guide done for Jampro by PwC several years ago, which quoted data up to 2017, indicated that medical tourism was around a US$45 billion to US$72 billion business, globally, with the potential to grow 15-25 per cent per annum.
http://jamaica-gleaner.com/article/b...rism-prospects
The projects, designated for the parishes of Portland, St Andrew, and St James, require financing, the agency said at a webinar it hosted regarding prospects for the subsector.
The global tourism market generates some US$3 trillion a year. Jamaica’s tourism earnings pre-COVID topped US$3 billion annually, but information regarding the flows contributed by medical tourists was not immediately available.
Still, Jampro President Diane Edwards was bullish about the prospects.
“There are things happening in the space,” she said.
An investment opportunity guide done for Jampro by PwC several years ago, which quoted data up to 2017, indicated that medical tourism was around a US$45 billion to US$72 billion business, globally, with the potential to grow 15-25 per cent per annum.
http://jamaica-gleaner.com/article/b...rism-prospects
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