A thriving business environment for tourism is required in any country to support the development of that country's economy. Under that premise, the Jamaica Tourist and Hotel Association (JHTA) hosted a webinar for its members that examined transfer pricing and how it impacts the tourism industry. This is part of the association's monthly webinar series aimed at exploring topical issues in tourism and was hosted by Allison Peart, Country Managing Partnerand Tax Partner for EY Jamaica."This month we focused on transfer pricing in the tourism industry because our members and member companies are impacted by transfer pricing" said Omar Robinson, President of the JHTA.
Globally, transfer pricing generally refers to the pricing of transactions between related parties. In Jamaica, the transfer pricing rules apply to transactions conducted by taxpayers resident in Jamaica with connected parties including transactions relating to services, loans, guarantees, etc.
OCHO RIOS, JAMAICA, Tuesday, June 14- The Jamaica Hotel and Tourist Association (JHTA) has announced the appointment of Omar Robinson as their new President. Robinson will succeed Nicola Madden-Greig who served in the role for two years. Robinson has been part of the JHTA executive team for over 5 years and is currently the General Manager of the Round Hill Hotel. This was announced at the Association's Annual General Meeting which was held on Saturday, June 11 at Sandals Ocho Rios Beach Resort.
The Jamaica Hotel and Tourist Association (JHTA) hosted a webinar entitled "Profile of Visitors from Emerging Markets: Tool to Market Your Business to Them"on Friday, May 27. The monthly webinar series aims to edify members on topical issues in and related to the tourism industry and utilizes presenters from all industries. Deputy Director of Tourism at the Jamaica Tourism Board Marcia McLaughlin, who presented on the topic, gave participants a very profound look at what is taking place on a regional and international scale, specifically in emerging markets.
"As the social space continues to evolve as well as the markets we serve; navigating its many platforms, tools and trends is becoming increasingly challenging but essential for survival. A well managed social media program in conjunction with traditional marketing tools will advance growth objectives as social media permeates all aspects of an organization, from sales and marketing to operations to revenue management" said Nicola Madden-Greig, President of the JHTA.