Hotel revenues increase 7.6 to beat 250m

Wed, Sep 1st 2010, 11:00 PM

By NEIL HARTNELL

Tribune Business Editor

TOTAL revenues earned by Nassau/Paradise Island hotels increased by 7.6 per cent to $250.6 million during the first seven months of 2010, the Central Bank of the Bahamas revealed yesterday, adding that the Bahamian tourism sector "expanded modestly" during the first half due to a "soft" recovery in its main US market.

Unveiling its report on monthly economic developments during July, the Central Bank said that the revenue increase enjoyed by a "sample" of New Providence resorts for the first seven months of 2010 contrasted with the 17.3 per cent plunge seen in 2009, as the recession bit deep into the hotel sector.

"The ou ...

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