Continued revenue growth for hotel sector

The Bank of  Jamaica says the hotel sector has recorded its ninth consecutive quarter of  growth. However, the performance was slower than the average growth of  4.1% for the previous four quarters.
   
The estimated outturn for the review quarter resulted from increased hotel and other short-stay accommodation activities.
   
Hotels and other short stay accommodations were positively affected by a marginal expansion in visitor expenditure and stop-over arrivals, which grew at a slower pace relative to the previous quarter.