Chief Investment Officer and Agency Head of the Guyana Office for Investment (Go-Invest), Dr Peter Ramsaroop on Monday announced that a 150-room hotel with a 1,000-seat convention centre to be developed in Plantation Prospect, Berbice. This hotel will be adjacent to the Palmyra Stadium.
In a social media post on the agency’s page, it was stated that this investment marks a significant step in boosting tourism, business opportunities, and regional economic growth. 
Only on Monday during the Tourism, Industry, and Commerce Minister, Oneidge Walrond during the 2025 Budget debates in the National Assembly said that in 2024, Guyana’s hospitality sector is on track to generate a staggering $13.6 billion in revenue.
She disclosed that the industry has also proven to be a major driver of employment, with nearly 22,000 people employed directly or indirectly in the sector across the country.
She noted that the revenue generated by the sector reflects a combination of factors, including increased hotel occupancy rates and growing international and domestic tourism.
According to Walrond, the Government’s decision to invest in the hospitality industry even during the height of the COVID-19 pandemic was a key factor in the sector’s growth. Back in 2020, the Government invited expressions of interest for the construction of hotels, including globally recognised brands. Despite criticism at the time, the decision proved successful as it facilitated the growth of the sector and laid the foundation for the economic boom in the tourism industry.
The continued growth of the hospitality sector has been fueled by significant private sector investments, with more than $50 billion injected into hotels, resorts, local airlines, and malls between 2020 and 2024. The private sector has responded with confidence, adding four new hotels and 561 new rooms to the national stock.
