Tourism arrivals to The Bahamas have surged by 18% during the first quarter of this year.
18% Increase in Visitor Arrivals Delivered $100m Economic Boost
According to Dionisio D’Aguilar, the Minister of Tourism, the nation experienced an “exceptional” rise in tourism which has generated an additional $100m for the economy.
The 18% rise in visitor arrivals represents an increase of 63,000 stopover visitors during the first 3 months of this year compared to the same period of 2017.
Visitor arrivals rose by 7% in January, 16.7% in February and by 26.1% in March.
Indicators Pointing to Continued Growth During Q2 2018
“We’re seeing double digit growth continue through the second quarter,” the Ministry of Tourism stated, which is a very positive sign for continued growth of tourism this year.
Much of this growth is apparently due to the additional room inventory provided by the recently opened the $4.2 billion Baha Mar resort development on Cable Beach, as well as extra airlift to Nassau which has stimulated growth at well established hotels and resorts such as Atlantis on Paradise Island.
Boosting Bahamas Real Estate
Showcasing the archipelago to more visitors also bodes well for real estate in The Bahamas.