Search Result for: earnings

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What Does the Future Hold for Sandals Resorts International?

By Joe Pike, Special Contributor To access this content, subscribe now. Choose from two tailored subscription options: Caribbean Journal Invest for comprehensive investment news or Caribbean Journal Travel Advisor for targeted content for travel agents and advisors. Subscribe today to […]

Jamaica Tops 200,000 Arrivals Since Reopening

Jamaica has reported more than 211,000 tourism arrivals since reopening its tourism sector in June, the country’s tourism officials said this week. That amounted to tourism earnings of $231.9 million, according to Jamaica Tourism Minister Edmund Bartlett. Hotel occupancy rates […]

Jamaica: “Cautious Optimism” for Visitor Arrival Growth

Jamaica Tourism Minister Edmund Bartlett has “cautious optimism” for what a potential “major upturn” in visitor arrivals this upcoming winter tourist season, he said this week. At the end of February 2020, Jamaica had reported a 5.5 percent increase in […]

A “Transformational” Rum Project in Grenada

By the Caribbean Journal staff The highly-anticipated Renegade Rum project is making progress in Grenada. Grenada Prime Minister Dr Keith Mitchell visited the site of the project this week, calling it “transformational” for the island. Renegade is currently developing 150 […]

Jamaica Is Getting More New Nonstop Flights

By Dana Niland CJ Contributor Jamaica is in the midst of an airlift boom, and the trend will continue this summer. Jamaica is set to welcome a host of new nonstop flights this summer. Indeed, the island destination has secured […]

Jamaica’s Record-Breaking Visitor Growth

By the Caribbean Journal staff Jamaica set another record for overall visitor arrivals in 2018, according to the country’s Minister of Tourism, Edmund Bartlett. The island welcomed 4.31 million combined cruise and stayover visitors last year, a new record for […]

Jamaica Seeing Record Tourism Revenue

By the Caribbean Journal staff Jamaica is seeing a surge in tourism revenue, according to a new report from the country’s Ministry of Tourism. The island is expected to generate a record $3.3 billion USD in tourism earnings for 2018, […]

Jamaica Just Had Its Best Summer Ever

By the Caribbean Journal staff Jamaica just had its best summer ever for tourism arrivals, according to new data from the country’s Ministry of Tourism. Stopover tourist arrivals rose by 6 percent from May to August compared to the same […]

Jamaica Seeing Strong Visitor Growth

By the Caribbean Journal staff Jamaica is reporting strong visitor growth in 2018, according to the latest numbers from the Jamaica Tourist Board. The destination reported 1.25 million stayover tourist arrivals from January to June, a 5.9 percent increase in […]

Grenada, Airbnb Sign Memorandum of Understanding

Grenada has signed a memorandum of understanding to formalize a partnership with global home-sharing company, Airbnb. Grenada’s Minister of Tourism, Clarice Modeste-Curwen, signed on behalf of the government in a conference held during the Caribbean Tourism Organization’s annual Caribbean […]

Airbnb, Bermuda Sign Tourism Agreement

Bermuda has signed a major agreement with Airbnb to promote tourism to the island. The partnership aims to enhance Bermuda’s status as a world-class destination for leisure, group travel and tourism investment, as well as to create a framework that […]

Norwegian Cruise Line Adding Four New Ships

Norwegian Cruise line Holdings is expanding its fleet. The company has reached an agreement with shipbuilder Ficantieri S.p.A. to build the next generation of its Norwegian Cruise Line brand. Four ships are now on order for delivery in 2022, 2023, […]

Airbnb, Jamaica Sign Tourism Agreement

Airbnb and the Jamaica Tourist Board have signed what the two sides are calling a “major agreement to promote tourism on the island.” While short on specifics, the two sides said the agreement “brings new opportunities to grow the island’s […]

Jamaica Looking to China to Boost Cruise Sector

Jamaica’s Ministry of Tourism says it will look to the Chinese market as it seeks to boost earnings in its cruise ship sector by 2021. This was the message delivered by Tourism Minister Edmund Bartlett following his recent tour of […]

The Bahamas’ Major Airport Overhaul

The Bahamas has embarked on a major country-wide overhaul of its airports. The first phase of the program involves infrastructural projects geared toward increased capacity at thirteen of the country’s airports. “Over the last four years we have undertook a […]

Why to Buy Jamaican

By Dennis Chung CJ Contributor As Jamaica pursues our eternal search for economic development, one focus has been on the need for us to purchase local goods and services in preference to imports. The reasoning behind this seems logical, as it […]

The Road to Prosperity in Jamaica

By Dennis Chung CJ Contributor The Jamaica Labour Party’s slogan, “Poverty to Prosperity”, was very catchy and seemed to have been embraced by enough people for them to win the elections. Now that the election is over, we certainly as […]

Foundations for Prosperity in Jamaica

A new approach By Dennis Chung CJ Contributor The World Bank recently released a paper called “Jamaica Economic Update Fall 2015”, in which it gave an update on the Jamaican economy and spoke to the necessity to achieve higher levels […]

What International Business Means to Barbados’ Economy

By the Caribbean Journal staff Barbados needs to appreciate the value of its international business sector, according to the country’s Prime Minister. And Prime Minister Freundel Stuart is warning against undervaluing the country’s international business sector, saying that it “continues […]

A Major Caribbean Media Merger

Two media giants come together By Marcia Forbes, PhD CJ Contributor #RJRGleaner Media Merger Here we were on the day before Jamaica’s August 6th celebration of it 53rd Independence Day, learning about the proposed merger of two of Jamaica’s oldest […]

How Many People Visited Jamaica in 2014

Above: Jamaica (CJ Photo) By the Caribbean Journal staff Jamaica received just over 2.08 million stayover tourist arrivals in 2014, according to newly-released data from the Ministry of Tourism. That represented a 3.6 percent increase over 2013, when the country […]

Major Caribbean Energy Project Closer to Launching Construction

Above: a rendering of the project By the Caribbean Journal staff A massive hydropower energy project is closer to becoming a reality, President Donald Ramotar said. The Amaila Falls Hydro Power project is set to “achieve financial close and commence […]

Overcoming Poverty in Jamaica

By Dennis Chung CJ Contributor ACCORDING to the recently released 2012 Survey of Living Conditions (SLC), Jamaica has recorded an increase in poverty levels between 2009 and 2012. “The all-Jamaica individual poverty prevalence increased by 2.3 percentage points relative to […]

Interview With Jamaica Tourist Board Director Paul Pennicook

Above: Paul Pennicook (CJ Photo) By Guy Britton MONTEGO BAY — Paul Pennicook returned to the Jamaica Tourism Board in July as the country’s Director of Tourism for the second time — this time with more experience and a new […]

How Much Can Jamaica Grow?

By Dennis Chung CJ Contributor THE PLANNING Institute of Jamaica (PIOJ) is targeting real GDP growth of three percent in the fiscal year 2015/16. This is against the previously targeted 1.5 to two percent, under the current IMF agreement. I have […]

Jamaica’s Growing Crisis

By Dennis Chung CJ Contributor WHILE we debate the economic challenges facing Jamaica, there is an emerging crisis that many are not speaking of, but which we must address as a country. This is the health of our population, and […]

Avianca Reports Jump in Passengers, Operating Revenue

Above: an Avianca plane By the Caribbean Journal staff Colombia-based regional carrier Avianca reported operating revenue of $49.8 million in the second quarter, the company announced in a release. That represented a growth in the company’s operational margin from 3.2 […]

Mexico: Strong Growth in Tourism Revenue in First Quarter

Above: the Grand Velas Riviera Maya By the Caribbean Journal staff Mexico saw an almost 15 percent increase in revenue from international visitors in the first quarter of 2014, according to data from the country’s Central Bank. In the first […]

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