Sharing Economy Accounts for Over 29% of Tourist Stopover Last Year

The sharing economy accounted for approximately 500,000 or 29 percent of the 2.4 million stopover tourists who visited the island in 2022.

A sharing economy is the business of individuals proposing to share temporarily with tourists what they own such as accommodation and transportation, or other activities such as meals or excursions.

A popular example of the sharing economy at work is AirBnB.

Tourism Minister, Edmund Bartlett, says the sharing economy is growing and data for 2023 will be provided soon.

He says practitioners in the sharing economy earned over US$100 million last year.

Ed Bartlett, Minister of Tourism.

Minister Bartlett was addressing the media breakfast at the Jamaica Product Exchange, JAPEX, expo held at the Jewel Grande Resort in Rose Hall, St. James on Tuesday.