The Manufacturing Sector Over the years, the manufacturing sector has been doing well in the Jamaican economy. This is due to essential areas such as agro processing and light manufacturing which should allow for the economy to continue its growth agenda. According to the Commonwealth Network Jamaica (2014), this sector has contributed approximately 8.4% of the country’s Gross Domestic Product (GDP) in 2008 and has been increasing since to further contribute to the development in Jamaica, as the sector also play a vital role in employment. This has resulted in 6% in employment rate in 2007. However in 2010, the manufacturing sector suffered a 2% decrease. In analyzing the industry, it can be noted that the manufacturing sector has funded …show more content…
Therefore, this market is a flourishing one especially being provided naturally with the resources like the beaches, trees and flowers etc. These are the resources that attract tourists most importantly. Investors, public and private sectors improve these environments by building hotels, restaurants etc providing more enhancement and attractions thus generating increased revenues through foreign exchange for the economy. Competitive Structure of Industry The Tourism industry in Jamaica is a very complex and broad industry offering a variety of services on the Jamaican market. It is a market which is driven mostly by disposable income. Possessing the natural resources as a contributing factor Jamaica is positioned in the market as a destination of variety. This is because the industry offers packages and services satisfying the needs and wants of customers where social grouping, lifestyle, budget, family and recreational services are concerned. The tourism industry in Jamaica has a complex value chain and network of services which serves to satisfy both domestic and international travellers on the large scale making it a very competitive one. Some of the major competitors in this industry are the private and public players in the various sub-sectors. Some of these include: • Food and Beverage Facilities • Accommodations • Ground Transport • Tourist Attractions • In bond
...are tourism, bauxite, textiles, and food processing. Jamaica also produces a lot of agriculture, such as sugarcane, bananas, coffee, and citrus.
(2017). The future of Caribbean tourism: competition and climate change implications. Worldwide Hospitality & Tourism Themes, 9 (1), 44-59. Retrieved October 11, 2017 from EBSCOhost Database
The tourism industry plays a major role in the development of culture within the Europe and the Americas, specifically the Caribbean nations. Tourism has become a major source of governmental income, employment, community development, wildlife preservation, and ultimately the rise in GDP of these countries. There are three types of tourism: domestic tourism, inbound tourism and outbound tourism. Domestic tourism is one that travels within their own country for an extended period of time at least 24 hours. In bound tourism is when a non resident of a given country travels outside of their normal environment and makes an impact of the receiving country. Lastly, outbound tourism, is when a tourist leaves their own country to visit another one. Each form of tourism has a different impact of the
Saint Lucia`s tourism product continues to thrive, offering regional and international visitors a full range of accommodation amenities ranging from small and intimate inns situated in scenic, remote and private locations to hotel chains such as the Windjammer Landings Beach Resort and Sandals Group situated on prime beachfront property. The island`s tourism setting encompasses a mixture of self-contained villas, luxury condominiums and state of the art golf courses.
It is the economic effects of tourism which bring the most benefit to the host nation. Tourism is a low import user which means more of the money earned here stays here. The government is earning money through tourist taxes such as the airport tax, increased export earnings and income tax revenue from people employed by the industry. A balance must be struck between these benefits and associated negative impacts on the community and the environment.
(2016),” the tourism system has some important inputs from an environmental perspective which includes natural, cultural and human resources.” The system has three subsystems which are tourism retailing, destination and transport, all of which are interrelated. Within the destination subsystem, the importance of natural and cultural attractions is emphasized as the basis for attracting tourists. The outputs of the system can be both positive and negative in that tourism can both conserve and destroy nature while bringing positive and negative economic cultural changes. Another output of the tourism system that is desired by governments is tourists’ satisfaction must be guaranteed. (pp.9-10) The pollution of the sea by sewage, overcrowding of beaches, removal of coral reefs and deforestation are the ways in which the environment is being affected by tourism. Hence, the need for environmental awareness in Jamaica as the impact is a major concern to the country. Although it is damaging the environment, it brings economic benefits.
Even though the global recession was impactful, tourism has sustained growth by at minimum 4% annually; tourism accounts for 25 percent of Jamaican employment and is 10% of the GDP (Jamaica-travel-secrets.com, 2014). Foreign tourist patrons however are threatening the Jamaican ecosystem with its income dependent activities such as pollution, tailored division of labor, and costal development. These environmental conditions will eventually take a negative sway in the tourism industry because travelers will no longer desire a destination with high pollution or they will be compelled to pay even less to come to the country which ultimately will affect the Jamaican economy
According to the ‘World Tourism Organization’ (UNWTO), the tourism industry is one of the fastest growing sectors in the world, as it is estimated that by the year 2020, 7.8 billion people (roughly a quarter of the world’s population) will embark on a foreign trip (Bennett & Gebhardt 15). The Caribbean is said to be the most economically dependent on this industry, as the ‘Caribbean Tourism Organisation’ states that the industry forms the “economic backbone of most countries in the Region”(“Caribbean Tourism Industry” 1), implications for what tourism’s affect on the region have arisen and have prompted further research into matter. Since the 1970’s research regarding tourism in the Caribbean has attempted to determine the social, cultural, environmental, and economic impacts of tourism. Much of the research has found that there are in fact many negative adverse affects, and Jackson’s article asserts that, “Governments often commit money and other resources to support the growth and development of tourism and often turn a blind eye to its negative impacts” (574). The reason why tourism looks attractive (and thus turn a blind eye) to these Caribbean countries is because of “its potential to foster GDP growth, to create employment, to increase foreign exchange earnings, and attract capital investment” (Daye, Chambers, and Roberts 2). This paper will overview such impacts by first discussing a case study conducted in Jamaican resort town, Ocho Rios, with Sheere Brooks discussing the observed social, cultural and economical consequences of Jamaica’s reliance on the tourism industry and will finally look at tourism in relation to capitalism, with Robert Fletcher suggesting in his article that the tourism industry (and more specifically...
The Bahamas is one of the wealthiest Caribbean countries with an economy heavily dependent on tourism and offshore banking. Tourism together with tourism-driven construction and manufacturing accounts for approximately 60% of GDP and directly or indirectly employs half of the archipelago's labor force. In 2008, 4.6 million tourists visited The Bahamas, 85% from the United States. The number of visitors declined in 2009 due to the global economic crisis, but by December 2010, The Bahamas once again enjoyed 5 million visitors. This was a 4.5% year-on-year decrease from 2007. The financial services constitute the second-most important sector of the Bahamian economy and, when combined with business services, account for about 36% of GDP.
According to Singapore Tourism Board (STB), tourism sector currently contributes 4% of Singapore’s GDP and provides approximately 160,000 jobs (nearly 4.5% of labor force is working in tourism sector ), Singapore’s International Visitor Arrivals (IVA) in 2013 reached 15.6 million, Tourism Receipts (TR) came in at S$23.5 billion and Hotel Room Revenue for 2013 was S$2.9 billion (Singapore Economic Development Board, 2014). Tourism industry plays a key part in supporting Singapore’s status as a dynamic global city that attracts business, capital and talent. Moreover, tourism creates a more diverse leisure environment for the residents, thus improving their quality of life.
...destination in the world. Tourists from various countries around the world visit the place in large number every year. The tourism industry has shown a continual rise in the number of tourists, visiting Malaysia over the years. The available data shows that from 2000 to 2013 there has been an obvious increase in the number of tourists visiting Malaysia with a temporary decline during 2003 due to the effect of global crisis. Since 2000 the number of tourists visiting Malaysia was approximately 10.22 million tourists while the figure in 2013 has increased approximately 25.72 million tourists, these figures show that the number of tourists visiting Malaysia has increased by more than half. However, those tourists which come from the ASEAN countries is always higher that other countries. This may possibly due to easy and cheap access to Malaysia from those countries.
"Overview of Trade." Trade Reference Centre - Jamaica. N.p., n.d. Web. 17 Nov. 2013. .
Barbados previously dabbled in the mass-tourism industry, but currently primarily offers a more up-market and luxury product. The success of tourism was traditionally measured in percentage annual increase of arrivals, however this type of measurement ignores important variables such as length of stay or visitor expenditure and seasonal variations. This fa...
The historical trends in the tourism sector in Ghana point to the fact that the concept for its development is a useful strategy. The process identifies the strengths, weaknesses, opportunities and threats (SWOT) in the national economy and the sectorial situation and seeks to provide optimal solutions that will accelerate the growth and development of the tourism industry.