Jamaica Rushes to Prepare for Peak Tourism Season as It Digs Out from Hurricane Melissa

Drone view of a destroyed church and damaged buildings, in the aftermath of Hurricane Melissa, in Black River, Jamaica, November 2, 2025. (Reuters)
Drone view of a destroyed church and damaged buildings, in the aftermath of Hurricane Melissa, in Black River, Jamaica, November 2, 2025. (Reuters)
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Jamaica Rushes to Prepare for Peak Tourism Season as It Digs Out from Hurricane Melissa

Drone view of a destroyed church and damaged buildings, in the aftermath of Hurricane Melissa, in Black River, Jamaica, November 2, 2025. (Reuters)
Drone view of a destroyed church and damaged buildings, in the aftermath of Hurricane Melissa, in Black River, Jamaica, November 2, 2025. (Reuters)

Jamaica’s peak tourism season is one month away, and officials in the hurricane-ravaged nation are rushing to rebuild from the catastrophic Category 5 storm that shredded the island’s western region.

Before Hurricane Melissa hit on Oct. 28, the government expected Jamaica’s tourism industry to grow by 7% this winter season and was preparing to welcome an estimated 4.3 million visitors.

Now, officials are scrambling to repair hotels and clear debris in the western half of the island in hopes of securing tourist dollars at a moment when they’re needed the most.

“We are still doing our assessments, but most of the damage was in the northwest and southwest,” said Christopher Jarrett, who leads the Jamaica Hotel and Tourist Association.

He noted that the popular Negril area in Westmoreland was spared major damage.

All international airports in Jamaica have reopened and are receiving commercial flights. But almost a week after one of the most powerful Atlantic hurricanes on record struck the western end of Jamaica, tourism officials were still trying to get a true picture of the damage to the sector — a mainstay of the island’s economy.

Jarrett said the lobby group that represents private hotels and attractions on the island is still unable to reach many of its members, especially in the western parish of Hanover, as communication and electricity services were down.

“Every individual member who was affected is doing everything to get back up and running,” he said.

In recent days, Tourism Minister Edmund Bartlett said he expected Jamaica’s tourism sector to be back to normal by Dec. 15, the start of the island’s peak tourism season.

“It’s doable for some and not for others,” Jarrett said of the timeline, pointing out that the larger hotel chains would be able to recover faster.

Jarrett, who operates the family-owned Altamont Court Hotel that has properties in Kingston and Montego Bay, said only one property in Montego Bay sustained roof damage and that repairs were underway.

Despite the disruption to the important tourism sector, Jarrett said he doesn’t expect the economic fallout to be significant. He said many hotels in the capital of Kingston and in the northern coastal town of Ocho Rios were gaining business from the influx of aid workers and volunteers in the hurricane’s aftermath.

“Right now, we’re giving discounts, between 25% and 50%, and some (hotels) are giving complimentary stays as well,” Jarrett said.

Tourism is Jamaica’s main source of foreign exchange earnings, contributing a combined 30% to GDP directly and indirectly. It employs an estimated 175,000 people and is a major economic driver for other sectors in the Jamaican economy, such as construction, banking and finance, utilities and agriculture.

The disruption to the tourism sector also is affecting many providers of goods and services.

“With some of the hotels closed and most of the tourists gone, many of us are left without work. This storm didn’t just destroy buildings; it shattered jobs and incomes for many of us and our families,” said Patricia Mighten, who works in the western parish of Hanover as a hotel housekeeper.

Desrine Smith, a craft vendor who plies her trade in the resort town of Falmouth in the northwestern parish of Trelawny, echoed those sentiments.

“Going days without tourists coming to buy anything means no sales and no money. We survive on daily earnings, and now everything is uncertain,” she said. “The hurricane has impacted our pockets hard.”



Egypt Plans $1 Billion Red Sea Marina, Hotel Development

This picture shows a partial view of Egypt's Red Sea city of Sharm el-Sheikh, October 7, 2025. (AFP)
This picture shows a partial view of Egypt's Red Sea city of Sharm el-Sheikh, October 7, 2025. (AFP)
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Egypt Plans $1 Billion Red Sea Marina, Hotel Development

This picture shows a partial view of Egypt's Red Sea city of Sharm el-Sheikh, October 7, 2025. (AFP)
This picture shows a partial view of Egypt's Red Sea city of Sharm el-Sheikh, October 7, 2025. (AFP)

Egypt announced plans on Monday for a new $1 billion marina, hotel and housing development on the Red Sea in a bid to boost the region's tourist industry.

Construction on the "Monte Galala Towers and Marina" project would ‌start in ‌the second ‌half ⁠of the ‌year and run for seven years, Ahmed Shalaby, managing director of the main developer, Tatweer Misr, said.

The 10-tower development - a partnership with the ⁠housing ministry and other state bodies ‌including the armed ‍forces' engineering authority - ‍would cost about 50 ‍billion Egyptian pounds ($1.07 billion), he added.

The project, also announced by the cabinet, will cover 470,000 square meters on the Gulf of Suez, about ⁠35 km south of Ain Sokhna, Shalaby said.

Egypt aims to boost total tourist arrivals to around 30 million by 2030, from around 19 million recorded by the tourism ministry in 2025.


Saudi-Polish Investment Forum Explores Prospects for Economic and Investment Cooperation

The forum brought together government officials, business leaders, and investors from both countries with the aim of enhancing economic cooperation - SPA
The forum brought together government officials, business leaders, and investors from both countries with the aim of enhancing economic cooperation - SPA
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Saudi-Polish Investment Forum Explores Prospects for Economic and Investment Cooperation

The forum brought together government officials, business leaders, and investors from both countries with the aim of enhancing economic cooperation - SPA
The forum brought together government officials, business leaders, and investors from both countries with the aim of enhancing economic cooperation - SPA

The Saudi-Polish Investment Forum was held today at the headquarters of the Federation of Saudi Chambers in Riyadh, with the participation of Minister of Investment Khalid Al-Falih, Minister of Finance of the Republic of Poland Andrzej Domański, and Vice President of the Federation of Saudi Chambers Emad Al-Fakhri.

The forum brought together government officials, business leaders, and investors from both countries with the aim of enhancing economic cooperation, expanding investment partnerships in priority sectors, and exploring high-quality investment opportunities that support sustainable growth in Saudi Arabia and Poland.

During a dedicated session, the forum reviewed economic and investment prospects in both countries through presentations highlighting promising opportunities, investment enablers, and supportive legislative environments.

Several specialized roundtables addressed strategic themes, including the development of the digital economy, with a focus on information and communication technologies (ICT), financial technologies (fintech), and artificial intelligence-driven innovation, SPA reported.

Discussions also covered the development of agricultural value chains from production to market access through advanced technologies, food processing, and agricultural machinery. In addition, participants examined ways to enhance the construction sector by developing systems and materials, improving execution efficiency, and accelerating delivery timelines. Energy security issues and the role of industrial sectors in supporting economic transformation and sustainability were also discussed.

The forum witnessed the announcement of two major investment agreements. The first aims to establish a framework for joint cooperation in supporting investment, exchanging information and expertise, and organizing joint business events to strengthen institutional partnerships.

The second agreement focuses on supporting reciprocal investments through the development of financing and insurance tools and the stimulation of joint ventures to boost investment flows.

The forum concluded by emphasizing the importance of continued coordination and dialogue between the public and private sectors in both countries to deepen Saudi-Polish economic relations and advance shared interests.


Gold Rises as Dollar Slips, Focus Turns to US Jobs Data

FILE PHOTO: An employee places ingots of 99.99 percent pure gold in a workroom at the Novosibirsk precious metals refining and manufacturing plant in the Siberian city of Novosibirsk, Russia, September 15, 2023. REUTERS/Alexander Manzyuk/File Photo
FILE PHOTO: An employee places ingots of 99.99 percent pure gold in a workroom at the Novosibirsk precious metals refining and manufacturing plant in the Siberian city of Novosibirsk, Russia, September 15, 2023. REUTERS/Alexander Manzyuk/File Photo
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Gold Rises as Dollar Slips, Focus Turns to US Jobs Data

FILE PHOTO: An employee places ingots of 99.99 percent pure gold in a workroom at the Novosibirsk precious metals refining and manufacturing plant in the Siberian city of Novosibirsk, Russia, September 15, 2023. REUTERS/Alexander Manzyuk/File Photo
FILE PHOTO: An employee places ingots of 99.99 percent pure gold in a workroom at the Novosibirsk precious metals refining and manufacturing plant in the Siberian city of Novosibirsk, Russia, September 15, 2023. REUTERS/Alexander Manzyuk/File Photo

Gold prices rose on Monday, buoyed by a softer dollar as investors braced for a week packed with US economic data that could offer more clues on the US Federal Reserve's monetary policy.

Spot gold rose 1.2% to $5,018.56 per ounce by 9:30 a.m. ET (1430 GMT), extending a 4% rally from Friday.

US gold futures for April delivery also gained 1.3% to $5,042.20 per ounce.

The US dollar fell 0.8% to a more than one-week low, making greenback-priced bullion cheaper for overseas buyers.

"The big mover today (in gold prices) is the US dollar," said Bart Melek, global head of commodity strategy at TD Securities, adding that expectations are growing for weak economic data, particularly on the labor front, Reuters reported.

Investors are closely watching this week's release of US nonfarm payrolls, consumer prices and initial jobless claims for fresh signals on monetary policy, with markets already pricing in at least two rate cuts of 25 basis points in 2026.

US nonfarm payrolls are expected to have risen by 70,000 in January, according to a Reuters poll.

Lower interest rates tend to support gold by reducing the opportunity cost of holding the non-yielding asset.

Meanwhile, China's central bank extended its gold buying spree for a 15th month in January, data from the People's Bank of China showed on Saturday.

"The debasement trade continues, with ongoing geopolitical risks driving people into gold," Melek said, adding that China's purchases have had a psychological impact on the market.

Spot silver climbed 2.9% to $80.22 per ounce after a near 10% gain in the previous session. It hit an all-time high of $121.64 on January 29.

Spot platinum was down 0.2% at $2,092.95 per ounce, while palladium was steady at $1,707.25.

"A slowdown in EV sales hasn't really materialized despite all the policy softening, so I do see that platinum and palladium will possibly slow down," after a bullish run in 2025, WisdomTree commodities strategist Nitesh Shah said.