Additionally , local investors have responded to the growth trends in the hospitality sector by introducing local hotel brands . In 2021 , businessman Ganesh Jaigobin opened the $ 200M Jaigobin Hotel in Anna Regina , Region Two . Another Essequibian entrepreneur , Riyadh Khan , is building the $ 500M Rif ’ s Hotel near the Anna Regina Stadium . Guyanese living abroad have also noticed the industry trends . Two overseas-based Guyanese investors , Dr Dave Sawh and his cousin Rishi Chinapen , have initiated plans to construct the US $ 3.5 million Lakeside
International Hotel at Anna Regina . Meanwhile , one of the most significant investments comes from a local group , The Sheriff Group of Companies , which announced the construction of a US $ 100M luxury hotel and casino at Palmyra , Berbice .
The tourism trends also showcase that the government and private sector are holistically collaborating to develop the tourism and hospitality sector . Improving Guyana ’ s attractiveness as a destination also means making it easier for tourists to come by air . Guyana is made more accessible by increasing airlift capacity and connections to more global destinations . Hence , these hotel investments will benefit from Guyana ' s annual increase in airlift capacity . Airlift capacity tripled from 2021 to 2023 , reaching 1.2 million seats due to the addition of new airlines
The Sheraton Hotel which will be built here like British
Airways , American Airlines , and United Airlines . Existing carriers also increased the frequency of flights to Guyana . The government also facilitated new direct connections to the Dominican Republic and Cuba . One of the most notable new connections is the Georgetown-Houston route from United Airlines , with four flights weekly in 2024 .
Guyana ’ s rapid expansion necessitates the development of quality accommodations across the country . There should be optimism about Guyana ’ s burgeoning tourism and hospitality sector , which has the potential to deliver a world-class standard to meet the growing demand . Although hotels have received the most attention during Guyana ’ s post-pandemic tourism growth , the tourism and hospitality sector is undoubtedly expanding in many areas beyond hotels .
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