Central Bank Reports Shows Tourism Spike
Visitor performance in the first half of 2011 experienced an upturn according to the latest Central Bank report, with total arrivals increasing by 14.8 percent up to April. The latest figures were found in the Central Bank’s Monthly Economic Financial Developments (MEFD) June report, which also further revealed the uptick in air and sea travel.
“In April, total visitor arrivals firmed by 14.8 percent, buoyed by a 2.8 percent hike in air arrivals — the first monthly increase for the year — and steady gains in sea visitors of 19.2 percent,” the report stated.
“All of the major destinations recorded improvements, with total arrivals to New Providence up by 6.1 percent and double digit gains in both Grand Bahama and the Family Islands, of 16.1 percent and 29.8 percent, respectively.”
The first half visitor performance also translated into increased hotel revenues for local properties, with Frank Comito, the Executive Vice President of the Bahamas Hotel Association (BHA), saying the 5.8 percent growth in room rates could be attributed to the busier travel period and various tourism initiatives.
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