Tourism Sector in Bahamas Maintained Growth Momentum In April
- The tourism sector maintained its growth momentum through April, supported by continued strength in cruise arrivals and gains in the high-value-added stopover segment during the review period. This is according to the Central Bank of The Bahamas’s (CBOB) latest Monthly Economic and Financial Developments (MEFD) report for April.
- The report indicates that economic activity remained above its long-term trend, with tourism continuing to be the primary driver of growth despite ongoing capacity constraints in parts of the stopover market. “The domestic economy’s growth momentum was sustained at a healthy pace during April, vis-à-vis the comparable 2025 period,” the CBOB highlighted.
- The MEFD report explains that data from the Nassau Airport Development Company (NAD) showed total international departures from Lynden Pindling International Airport increased by 5.3% to 163,582 passengers in April, compared to the same month last year.
- It adds that the strongest gains came from markets outside the US, with non-US departures rising by 42.6% to 31,990 passengers. US departures, however, declined by 1% to 131,592 passengers.
- The Central Bank’s data reveals that during the first four months of the year, total outbound traffic increased by 4.8% to approximately 600,000 passengers. On a year-to-date basis, total room nights sold grew by 10.5%, with gains recorded across both entire-place and hotel-comparable listings. The CBOB also noted that broader monetary conditions remained supportive of economic growth during April. The report also notes that the country’s external reserves strengthened during the review period.
(Source: Trinidad Express)
