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Jamaica: Hotels On Brink Of Bankruptcy – Plead For 90-Day Layoff Extension To Stave Off Collapse

Weeks after Jamaica reopened its borders to travel markets, tourism interests argued on Tuesday that strained cash flow threatened to send some hotels into bankruptcy amid the looming prospect of mass redundancy payouts.

Glenn Lawrence, CEO of Couples, has warned that a rejection of the Jamaica Hotel and Tourist Association’s (JHTA) proposal of a 90-day extension to the four-month layoff period that triggers redundancy payments could decimate the tourism industry.

“Redundancy claims from potentially 100,000 people would deliver a devastating blow to the industry,” Lawrence said on Tuesday.

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