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Minister Bartlett to Encourage Investment in Timeshare Vacations Subsector
KINGSTON, Jamaica; October 25, 2016: Efforts to foster investment in island’s timeshare vacations subsector, will be further boosted as Minister of Tourism Hon. Edmund Bartlett departs the island today (October 25, 2016), to attend the International Shared Ownership Investment Conference on ‘Timeshare’s Economic Impact on Destination Markets’ in Miami.
“I am very excited to attend this important conference on timeshare vacations. I strongly believe that it is important for us to continuously diversify Jamaica’s tourism product and the introduction of timeshare vacations to our product mix is a key way for us to achieve this. It is a unique form of tourism which has the potential to create new economic opportunities for Jamaicans while fuelling investment and enhancing Jamaica’s international appeal,” shared Minister Bartlett.
The conference, which is scheduled to run from October 24-26, 2016, is a major event which provides a forum to educate potential entrants, developers and destination representatives who want to learn more about the opportunities and future trends in the vacation ownership industry. While there, Minister Bartlett will participate in a high level panel discussion. He will outline details including the objectives of introducing the timeshare legislation act in Jamaica, the potential economic impact and the importance of investing in the island.
“I will use this unique opportunity to urge international interests to examine timeshare as an area of our tourism sector to invest in as the returns can be very lucrative. The recent introduction of Timeshare Legislation now makes this a viable are for investment. Vacation ownership is one of the fastest-growing areas of the global tourism sector and there is significant potential for further growth and development of the timeshare product in the Caribbean and especially in Jamaica,” he said.
The Minister is scheduled to return to the island on Wednesday October 26, 2016.