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Jamaica Tourism Property
The 2023 Atlantic hurricane season, featuring Category 5 Lee and Tammy’s Leeward Islands impacts, approaches its close as Caribbean property insurance costs rise 15-25 percent and winter tourism forward bookings signal a record season.
Caribbean tourism set Q3 2023 records across all major destinations with the Dominican Republic on track for 9 million annual arrivals, as FDI into regional hotel and resort development reached US$3.2 billion in commitments through September.
Guyana’s oil production crosses 300,000 barrels per day as Caribbean summer tourism outperforms expectations, Airbnb listings grow 20 percent year-on-year and Georgetown property prices surge 35 percent as the oil economy transforms the country.
Trinidad Carnival 2023 returns in full force with 40,000 international visitors as Caribbean tourism surpasses pre-pandemic benchmarks across Jamaica, Barbados, St Lucia and the wider region.
Caribbean tourism enters the 2022 holiday season at record booking pace as Jamaica, Barbados and Dominican Republic report peak-season demand while post-Hurricane Fiona reconstruction gains ground.
Jamaica breaks all-time visitor records in July 2022 as Barbados villa rates hit 45% above 2019 levels, Cayman luxury inventory hits historic lows and the Caribbean’s post-COVID tourism boom drives property to new peaks.
Summer 2022 delivered the Caribbean’s first truly post-COVID tourism season, with Jamaica setting arrival records, DR welcoming 700k+ visitors in June, and short-term rental rates running 25-40% above 2019 levels across the region.
Oil reached $130 per barrel one month into the Russia-Ukraine war, hitting Caribbean energy budgets hard. But summer 2022 tourism bookings hit record levels as the first truly post-COVID Caribbean summer came into view.
The Omicron wave disrupted Caribbean tourism in January 2022, but open-border policies held firm. The Bank of Jamaica raised its policy rate and Russia-Ukraine tensions introduced a new commodity price risk.
Our Year-End 2021 Six-Month Special Edition covers the period 4 July to 3 January 2022 — six months in which Barbados made history as a republic, digital nomad economies reshaped Caribbean property demand, Guyana’s oil ambitions accelerated, and diaspora buyers drove luxury markets across the region.
Jamaica Homes News
Independent Jamaican journalism worth supporting.
No algorithms. No noise. Just the stories that matter.
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Paid members unlock every article and keep Jamaica Homes News reader-funded.
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Jamaica Homes News brings you the latest Jamaican news, property, business, tourism, development and community stories from across the island. Discover the people, places and developments shaping Jamaica today, with timely news and local insight you can trust.
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