Sagicor Group Jamaica has launched construction of a US$5-million (J$550m) water park at its hotel property, Jewel Runaway Bay Beach and Golf Resort, in St Ann.
The hotel is targeted at families.
“When we spend this US$5 million on the water park, Sagicor would have invested US$60 million in the tourism business in the last 24 months – J$6.6 billion would have been invested,” said Sagicor Group president and CEO, Richard Byles.
Byles said the Sagicor Group now has a total of 741 hotel rooms in Jamaica, having acquired Jewel Runaway Bay 24 months ago, Jewel Paradise Cove just over a year ago, as well as properties within the Dunn’s River area.
“It (tourism investments) has done very well for us, especially over the last year, as the hotels have matured, our occupancies have risen, and our room rates have risen, and that is really very important,” said Byles. “Because although we like to have high occupancies, what we like even more is strong room rates. And to get those room rates, we now have to invest.”
Published in the Gleaner
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