JAMPRO brings large Spainish investment to Jamaica
A major tourism investment for the Jamaica is being developed by a group of Spanish hotel chains, which is building 13 new hotels with an estimated value of approximately US$550 million.ÊIncluding these developments, an anticipated 5,000 new rooms are to be added over the next five to 10 years, according to the Jamaica Tourist Board.ÊThis is supported by data from the island’s trade and investment facilitation agency, Jamaica Promotions (JAMPRO), which is responsible for initiating the development projects.
JAMPRO also indicated that despite challenges to global tourism, the significant investment in Jamaica’s accommodations sector is a clear indication of continued growth for the destination.
“We are seeing great buoyancy in the development of hotel properties in Jamaica, a strong sign for the island’s tourism infrastructure,” stated Paul Pennicook, Director of Tourism.
“We are pleased to see developers are offering a diverse product range, which will no doubt serve our goal of reaching wider markets.”