March 17, 2016
Director of Tourism, Paul Pennicook, says tourism continues to be a key economic driver and represents a solid choice for investment in Jamaica.
Addressing Sagicor’s Pension Investment Fund (PIF) Seminar earlier this week, Pennicook says considering the contribution the tourism sector has made to the economy and that the destination continues to attract investors, even from competitive neighbours.
He says this demonstrates that Jamaica’s tourism is a sound investment.
Pennicook, in highlighting the soundness of tourism, said the sector contributes over 60 per cent of the country’s foreign exchange earnings, surpassing industries such as agriculture, bauxite and manufacturing.
Over 90,000 persons are directly employed to the sector, and another 190,000 through indirect and induced impact.
Pennicook says, for example, increased linkages with the agriculture and manufacturing industries will provide opportunities for further growth.