Sunday, March 19, 2017

Economy

Economy

The well-known Doctor's Cave Beach
Montego Bay is pivotal to Jamaica's economy. The city holds most of the weight of the country's tourism sector. Most the country's visitors arrive and depart from Montego Bay's Airport or Port. Many international companies have resorts in the city which are Hyatt, Hilton Hotels, Holiday Inn, RIU Hotels, Royalton and Iberostar. The city is the home to the headquarters of international resort chain, Sandals. Recently, ground was broken to begin construction of a Hard Rock Café in the city, to further bolster the city's entertainment product.[4]
View of the Caribbean Sea from the Iberostar Hotel and Resort
The city is also home to a thriving BPO sector. The city has call centres which cater to many Fortune 500 companies such as Delta, Amazon, Netflix and many others. In addition, Vistaprint established its only call centre in Montego Bay which located in the city's up and coming tech park. Most of the city's business is done in the downtown area, however, as of recent, the CBD has begun to migrate to the suburb of Fairview/Bogue which is home to the Fairview Town Centre, which is a 5-minute commute from Montego Freezone, the city's dedicated area to BPO activity. The area is mostly populated with retail & banking, most notable are Scotiabank's new Fairview branch, The G-West building, FLOW's first & Flagship store in the Caribbean - redesigned by retail experts, Shikatani Lacroix, and Fontana Pharmacy's flagship store. The town centre also holds important to the city as it hosts places such as Digicel's Corporate offices for Western Jamaica as well as many auditing, law and insurance firms. Most stores in the town centre feature modern architecture and beautiful landscaping. The town centre continues to expand at a rapid pace today and will be home to more businesses soon, some only found in Montego Bay.

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