Luxury Tourism Market to be Developed in St. Thomas

April 23, 2024

The Ministry of Tourism aims to develop a luxury tourism market in St Thomas, Jamaica, to diversify the country’s tourism product. The plan involves community-based, high-end services, utilizing the parish’s natural assets and culture. St Thomas will become an organized destination with less dense, environmentally friendly arrangements, focusing on luxury tourism. The Tourism Development and Management Plan prepared by the Ministry of Tourism, in collaboration with International Institute of Tourism Studies at George Washington University and Interplan Planning Consultants, includes improving road infrastructure, water distribution, internet penetration, sewage, and waste management. The ministry targets the creation of 4,170 new rooms and attracting 230,000 overnight tourists by 2030. Private investment of US$508 million is expected to cover a total investment of US$746 million.

 

Other areas, such as St Andrew and St Elizabeth, are also being considered for tourism development. The Ministry of Tourism is considering expanding its Gastronomy Corridor programme in St Andrew, Jamaica. The plan is to create a Gastronomy District stretching from Half Way Tree to Papine, connecting with Cross Roads. Knutsford Boulevard is also under consideration. Minister Bartlett aims to establish a gastronomy and entertainment hub in Lady Musgrave, which is showing potential with the emergence of various establishments. The Jamaica Tourist Board is exploring development opportunities in Treasure Beach, emphasizing low-density, rustic-luxury products that engage with the environment and communities. Plans to develop the tourism product of the eastern and southern parishes are still in the early stages and implementation of the plan will require policy positioning by Minister Bartlett.

 

Disclaimer:

Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view (s) expressed by that research analyst in this research report.

Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.

More Stories from the Market
shutterstock_193038047
March 31, 2026 Everything Fresh Limited (EFRESH) Audited Financial Statements for the Year Ended December 31, 2025 Income Statement Commentar…
shutterstock_453968572
March 31, 2026 United States: US Gasoline Tops $4 for First Time Since 2022 on Iran War     US gasoline topped $4 a gallon for the…
shutterstock_537598660
March 30, 2026 Weekly Pick 30.03.2026 WISYNCO Disclaimer: Analyst Certification -The views expressed in this research report accurately refle…
shutterstock_453968572
March 30, 2026 United States: Bessent Says US to ‘Retake’ Hormuz Strait Control, Eyes Escorts   Treasury Secretary Scott Bessent indicate…
TransJamaican-Logo-ramon_Artboard-1
March 27, 2026   TransJamaican Highway Limited (TJH) has advised that a Director sold 6,400,000 TJH shares on March 24, 2026.   …
shutterstock_148562033
March 27, 2026   Supreme Ventures Limited (SVL) has advised that on March 26, 2026, a Director purchased 319,424 SVL shares and a related e…
shutterstock_453968572
March 27, 2026 United States: Economists See War Pushing US Inflation Above 3%, Hurting Growth   Economists raised their estimates for US …
shutterstock_148562033
March 26, 2026   IronRock Insurance Company Limited (ROC) has advised  that connected parties sold a total of 2,830 ROC shares during the p…