JHTA Examines Transfer Pricing in the Tourism Industry

A thriving business environment for tourism is required in any country to support the development of that country's economy. Under that premise, the Jamaica Tourist and Hotel Association (JHTA) hosted a webinar for its members that examined transfer pricing and how it impacts the tourism industry. This is part of the association's monthly webinar series aimed at exploring topical issues in tourism and was hosted by Allison Peart, Country Managing Partnerand Tax Partner for EY Jamaica."This month we focused on transfer pricing in the tourism industry because our members and member companies are impacted by transfer pricing" said Omar Robinson, President of the JHTA.

Globally, transfer pricing generally refers to the pricing of transactions between related parties. In Jamaica, the transfer pricing rules apply to transactions conducted by taxpayers resident in Jamaica with connected parties including transactions relating to services, loans, guarantees, etc.

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Omar Robinson Appointed President of the JHTA

OCHO RIOS, JAMAICA, Tuesday, June 14- The Jamaica Hotel and Tourist Association (JHTA) has announced the appointment of Omar Robinson as their new President. Robinson will succeed Nicola Madden-Greig who served in the role for two years. Robinson has been part of the JHTA executive team for over 5 years and is currently the General Manager of the Round Hill Hotel. This was announced at the Association's Annual General Meeting which was held on Saturday, June 11 at Sandals Ocho Rios Beach Resort.

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Digital Platforms ‘Valuable Tool for Growth’ in Emerging Markets

The Jamaica Hotel and Tourist Association (JHTA) hosted a webinar entitled "Profile of Visitors from Emerging Markets: Tool to Market Your Business to Them"on Friday, May 27. The monthly webinar series aims to edify members on topical issues in and related to the tourism industry and utilizes presenters from all industries. Deputy Director of Tourism at the Jamaica Tourism Board Marcia McLaughlin, who presented on the topic, gave participants a very profound look at what is taking place on a regional and international scale, specifically in emerging markets.

"As the social space continues to evolve as well as the markets we serve; navigating its many platforms, tools and trends is becoming increasingly challenging but essential for survival. A well managed social media program in conjunction with traditional marketing tools will advance growth objectives as social media permeates all aspects of an organization, from sales and marketing to operations to revenue management" said Nicola Madden-Greig, President of the JHTA.

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JHTA to Host 55th Annual General Meeting

The Jamaica Hotel and Tourist Association(JHTA) will host its fifty fifth annual general meeting at Sandals Ochi Beach Resort on Saturday, June 11. The event is open to all members of the association and will also have elections for the Presidency and senior executive positions.

"The JHTA continues to provide a dynamic collaborative environment with our private and public sector partners that works in the best interests of our members and ultimately the tourism industry. We are optimistic about the continued growth of tourism and will continue our efforts in this regard" said Nicola Madden-Greig.

The JHTA'S senior management team will present an overview of successes over the past year, as well as highlight strategies for future growth and profitability. Scheduled speakers are the Hon. Edmund Bartlett, Minister of Tourism, Paul Pennicook Director of Tourism at the Jamaica Tourist Board, guest speaker the Hon. Daryl Vaz, Minister without Portfolio in the Ministry of Economic Growth and Job Creation with responsibility for the Land, Environment, Climate Change and Investment portfolios and Ian Neita, CEO of Global Directories.