Helping Caribbean people at home and abroad create wealth through investing and entrepreneurship
🏡 Gov't vs AirBnBs?
Proposed Law Will Impact Jamaican AirBnBsShould Airbnb operators in Jamaica be fined if they don’t register with the Government? Jamaica’s government recently proposed a bill that would regulate the short term rental industry. We’ve known that this law was coming for a while. Airbnbs are massively popular here and growing. Tourism Minister Edmund Bartlett said the sector brought in over US$100 million in 2022. And nearly one out of every three stay-over visitors to Jamaica stayed at an Airbnb. That’s as much as 500,000 people. And I say Airbnb, but I’m using the term to refer to all short-term rentals, which are 30 days or less. So, regularising the industry became a top priority for security reasons etc. Among other things, the law would...
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Money Media
Helping Caribbean people at home and abroad create wealth through investing and entrepreneurship
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