Houses for Maids and Butlers.

[Assasin]

https://jamaica-gleaner.com/article/...resort-workers

[Jangle]

With local tourism interests upbeat and expecting a "very good winter tourist season", the minister with responsibility for the sector Edmund Bartlett is even more bullish about the long-term prospects of the sector.

Bartlett on Sunday told the Jamaica observer that thousands of resort rooms are now under construction or being renovated across the island in what he described as the largest hotel and resort boom in Jamaica's history.

"More than 6,000 rooms are being built or renovated as we speak," declared Bartlett.

"This includes developments by Sandals; RCD Hotels with Unico and Hard Rock; Princess Resorts; Royalton; Bahia Principe; Grand Palladium and RIU, amounting to in excess of US$1.5 billion and creating more than 12,000 construction jobs.

He was speaking with the Observer less than 48 hours after participating in in the ground-breaking ceremony for the new UNICO property in Montego Bay.

Just recently, the Planning Institute of Jamaica (PIOJ) announced that Jamaica's economy grew by 4.3 per cent during the July to September quarter of 2022, compared with the same period in 2021, with the tourism and hospitality sector contributing significantly.

According to the PIOJ, the real value added for the hotels and restaurants sector was estimated to have grown by 29.6 per cent over the July to September 2022 quarter. Stopover visitor arrivals for the July to August 2022 period increased by 42 per cent relative to the corresponding period of 2021.
He was speaking with the Observer less than 48 hours after participating in in the ground-breaking ceremony for the new UNICO property in Montego Bay.

Just recently, the Planning Institute of Jamaica (PIOJ) announced that Jamaica's economy grew by 4.3 per cent during the July to September quarter of 2022, compared with the same period in 2021, with the tourism and hospitality sector contributing significantly.

https://www.jamaicaobserver.com/news/tourism-take-off/

[Sir X]

I am bullish on the long term prospects too, not just tourism but real estate/ construction in Jamaica. The here and now look rough.

[Assasin]

You coulda fool me. LOL!!! What about the short term prospect? Sometime you just need to siddun and watch.

Do you know that remittance drop bigtime?
Do you think that the people who woulda travel to Eastern Europe maybe just take a short vacation now?
Do you notice how the African American tourism in Jamaica is booming?

Just some food for thought.

[Jangle]

$535-b investment targeted
Jamaican and Canadian firms team up to build hotels, residential solutions and clean-energy plants

JAMAICAN developer Seve7n Builders Jamaica Limited has signed an investment agreement with Canadian financier Alpina Boutique Investment to undertake eight projects over the next six years which could run into the hundreds of billions of dollars.

The projects, which include the upgrading of an existing major hotel to five-star standard, have been costed at more than $535 billion (US$3.5 billion). Other projects to be undertaken with the investment are the development and construction of two new hotels with 300 rooms each, the development and construction of 580 luxury condominiums/apartment units, the acquisition of over 200 acres of farmland, the purchase of 99.5 acres of land to develop 216 villas and apartments, the construction of a waste management sewage system to create a clean-energy supply, the design and construction of a hydrogen power plant for renewable energy, and also the purchase of 650 acres of land to develop 3,500 smart homes with green technology.

https://www.jamaicaobserver.com/busi...ment-targeted/

[Assasin]

Tourism, housing and technology??? Tell me that a nuh true. You think Jamaica heading for a huge recession???

[Jangle]

$535-b investment targeted
Jamaican and Canadian firms team up to build hotels, residential solutions and clean-energy plants

JAMAICAN developer Seve7n Builders Jamaica Limited has signed an investment agreement with Canadian financier Alpina Boutique Investment to undertake eight projects over the next six years which could run into the hundreds of billions of dollars.

The projects, which include the upgrading of an existing major hotel to five-star standard, have been costed at more than $535 billion (US$3.5 billion). Other projects to be undertaken with the investment are the development and construction of two new hotels with 300 rooms each, the development and construction of 580 luxury condominiums/apartment units, the acquisition of over 200 acres of farmland, the purchase of 99.5 acres of land to develop 216 villas and apartments, the construction of a waste management sewage system to create a clean-energy supply, the design and construction of a hydrogen power plant for renewable energy, and also the purchase of 650 acres of land to develop 3,500 smart homes with green technology.

https://www.jamaicaobserver.com/busi...ment-targeted/