Financial Market Brief Jan 15 2016
An important economic indicator for assessing the Bahamian economy is tourism arrivals and expenditure. According to the latest statistics released by the Ministry of Tourism, the Bahamas welcomed 4,983,369 visitors to its shores up to October 2015. Air arrivals were up 4.5% and accounted for 23.54% or 1,172,820 visitors, while sea/cruise arrivals were down 5.3% and represented 76.46% or 4,022,713 visitors. Overall, visitor arrivals to the Bahamas declined by 3.1% through to October 2015. The hotel sector however, recorded robust growth during the period with occupancies up 3.1 percentage points to 70.7% and Average Daily Rates (ADR) growing 6.0% to $249.76. Weekly_Market_Recap_15-Jan-2016 Click here for full Weekly Market Recap

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