Bartlett argues smaller businesses key to tourism success

A spine of smaller companies will likely be important to boosting resilience within the hospitality sector, based on Jamaica minister of tourism, Edmund Bartlett.

Speaking earlier, he advised an business viewers: “I need to stress micro-, small- and medium-size tourism enterprises (MSMEs) are an necessary ingredient inside the broader dialogue on bolstering our techniques, processes and other people for restoration and progress.

“Particularly so, because these are fundamental to the tourism sector and, as we like to say they are the backbone of the Jamaican economy comprising more than 425,000 companies and representing 90 per cent of the private sector.”

Minister Bartlett was talking at a United Nations Development Programme seminar on monetary resilience and sustainability for tourism entrepreneurs.

The occasion was held in partnership with the European Union – Latin America and Caribbean Foundation.

It was the third session in a cycle of 5 occasions searching for to foster a bi-regional and multi-stakeholder dialogue for sustainable tourism.

However, there are hurdles for MSMEs to beat if they’re to achieve success.

“MSMEs are constrained by market access restrictions and limited access to new technologies,” added Bartlett.

“Further, they’re typically ill-equipped to reply successfully to disruptions because of insufficient liquidity, restricted entry to finance and scale which influenced the federal government’s response for entrepreneurial assist.

“Notwithstanding these challenges, there are significant opportunities for entrepreneurs in terms of e-commerce, formalisation of their activities and development of business continuity plans which augur well for building their resilience to traditional and emerging exogenous shocks.”

Minister Bartlett argued Jamaica had sought to assist smaller organisations within the tourism sector in the course of the Covid-19 pandemic.

“Early in the pandemic, the Jamaican government recognised the need to enable and support this vulnerable sector for their survival and, by extension, the survival of the sector and economy,” he defined.

This included waiving licensing charges to the tune of J$47 million from April 2020 to March 2022 and constructing out a sturdy assist construction for retooling and recovering from the financial results of Covid-19.

“The provision of resilience packages, loan facilitation and grants from the ministry of finance and the public service were further key elements in supporting MSMTEs,” Bartlett added.

“Additionally, the government of Jamaica through public-private partnership has developed the E-commerce National Delivery Solutions (ENDS), an app enabling business continuity during the Covid-19 curfew hours.”

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