Sunday, July 11, 2010

Bahamian Hotels suffer $59m room revenue loss in 2009

THE Bahamas hotel industry lost more than $12 million in revenues during 2009 as a result of a 27 per cent year-over-year decline in business travellers, the Ministry of Tourism's yearly performance review has revealed.

Together with a $51.1 million fall in leisure stopover room revenues, hotels were down by almost $60 million on room revenues in 2009 compared to the prior year.

Breaking down the Bahamian hotel stopover market by segments, the Ministry's survey noted that business travellers spent $114 per night during 2009 on their accommodation, a decline of 3.4 per cent compared to prior year figures. They also spent $53 per night on meals.

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