KINGSTON, Jamaica – Government Senator Delano Seiveright recently expressed his optimism about the transformative impact of Jamaica’s growing creative industries and tourism sectors. Speaking in the Senate on the 2025 Appropriation Bill, Seiveright highlighted the role of everyday Jamaicans in shaping the country’s economic future.
The Minister of State in the Ministry of Tourism discussed the revolutionary growth of community-driven tourism, especially through platforms like Airbnb. In 2017, Jamaica saw just 59,500 Airbnb guests. By 2024, that number had surged to over 800,000, contributing an impressive J$32 billion to the local economy.
“This shift represents the democratization of tourism,” Seiveright remarked. “From rural villages to urban towns, Jamaicans are turning their homes into global destinations, bringing not only revenue but also showcasing the rich culture and creativity of our people.”
He pointed out that this increase in local participation is more than just an economic shift—it’s a cultural renaissance. “Jamaicans are not just welcoming visitors—they are sharing their culture, creativity, and hospitality in a way that’s enriching communities across the country,” Seiveright noted.
The senator also emphasized that the government, under Prime Minister Andrew Holness’ leadership, is committed to fostering creative industries. “Sustainable tourism goes hand in hand with the empowerment of our people—the workers, creatives, and innovators. These individuals are the backbone of Jamaica’s growth.”
Seiveright highlighted several initiatives designed to invest in the country’s cultural and creative sectors. Notably, the Tourism Workers Pension Scheme has garnered more than 10,000 contributors and accumulated J$4 billion in investments. Additionally, the government introduced the Entertainers and Creatives Insurance Plan to support cultural icons, ensuring their protection as they contribute to the nation’s growth.
On March 27, the Tourism Enhancement Fund launched the Tourism Entertainment Academy, providing essential training, mentorship, and networking opportunities for local performers and cultural entrepreneurs.
“These are not just promises; they are tangible, government-backed investments that help our citizens build lasting careers in Jamaica’s most dynamic industries,” Seiveright asserted.
In his address, Seiveright also called for a collective effort to celebrate the country’s progress, encouraging Jamaicans to rise above negativity. “It’s time to embrace our success, including the significant reduction in crime rates and the growing sense of hope in our communities. These milestones should be celebrated, not downplayed.”
Defending the $1.26 trillion budget recently approved in the House of Representatives, Seiveright underscored Jamaica’s resilient economy. He shared data showing a positive GDP growth forecast of 2.2 percent and an impressive record-low unemployment rate of 3.5 percent.
Additionally, Jamaica’s Net International Reserves have exceeded US$5.5 billion, bolstering the country’s financial stability. Debt-to-GDP has significantly decreased from 135% in 2013 to a projected 68.7% in the coming year, with inflation remaining within target levels and food prices stabilizing.
“Despite facing challenges like Hurricane Beryl and Tropical Storm Raphael, our fiscal management has put us on a strong growth trajectory,” Seiveright remarked.
The senator concluded with praise for Jamaica’s ongoing positive outlook from international financial institutions. Fitch Ratings has reaffirmed Jamaica’s BB- credit rating, citing the country’s solid governance and fiscal discipline, which continue to inspire confidence from global investors.
