IMPORTANT NOTICE | Mayberry Investments Limited is a cashless institution.

Mayberry Investments Limited is a cashless institution.
Please note that cash deposits into any Mayberry account held at commercial banks, whether made in-branch or via Automated Banking Machines (ABMs), are not accepted and will not be processed. For information on accepted payment methods, please contact your Investment Advisor.

Robust Recovery in Jamaica’s Cruise Industry

April 26, 2023

 

According to Tourism Minister Hon. Edmund Bartlett, Jamaica’s cruise sector is recovering strongly with continued increases in cruise passenger arrivals. In 2022, Jamaica witnessed cruise passenger arrivals of about 855,000 and the Minister expects 1.4 million cruise passengers to arrive during the current fiscal year.

Jamaica remains a first-call destination among major cruise lines and Royal Caribbean International (RCI) has committed to increasing the number of passengers delivered to Jamaica by 2023. Additionally, RCI intends on expanding its training collaboration with the Caribbean Maritime University (CMU).

Jamaica Vacations Limited (JamVac) and the Jamaica Tourist Board (JTB) have been working to drive the country’s cruise tourism recovery efforts, and there is a huge surge in interest in homeporting, with TUI considering having a second vessel homeport in Port Royal and Germany’s Aida Cruises continuing to do so in Montego Bay. Minister Bartlett attributed the remarkable resurgence of the global cruise industry to “pent-up demand” and expects the trend to continue until 2023.

The expansion of cruise tourism in Jamaica offers an excellent opportunity to revitalize the tourism industry, generate employment, and advance the national economy.

 

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_453968572
July 20, 2026   Barita Investments Limited (BIL) has advised that Mr. James Godfrey, Director of Barita Investments Limited, did not seek r…
shutterstock_342262439
July 20, 2026   Future Energy Source Company Limited (FESCO) has advised that at a meeting of its Board of Directors to be held on July 27,…
shutterstock_537598660
July 20, 2026 Weekly Pick 20.07.2026 CCC   Disclaimer: Analyst Certification -The views expressed in this research report accurat…
MIL
July 20, 2026 Mayberry Jamaican Equities Limited (MJE) has advised that the daily Net Asset Value (NAV) for July 15, 2026, was J$8.86. MJE’s closin…
MIL
July 20, 2026 Mayberry Jamaican Equities Limited (MJE) has advised that the daily Net Asset Value (NAV) for July 14, 2026, was J$9.02. MJE’s closin…
shutterstock_68191825
July 20, 2026   The euro area’s annual inflation rate was 2.8% in June 2026, down from 3.2% in May 2026. A year earlier, the rate was 2.0%….
shutterstock_453968572
July 20, 2026   United States: US Gasoline Tops $4 a Gallon Again as Iran War Escalates   US gasoline prices at the pump clim…
shutterstock_342262439
July 17, 2026   GraceKennedy Limited (GK) has advised that at a meeting of its Board of Directors to be held on July 29, 2026, an interim d…