By NEIL HARTNELL

Tribune Business Editor

OCCUPANCY increases offset the contraction in daily room rates to produce a 10.4 per cent revenue gain for Nassau/Paradise Island hotels year-over-year during September, with total receipts up by 2 per cent for the first nine months of 2011.

The Central Bank of the Bahamas, in its monthly report on economic and financial developments for September, said tourism industry performance had improved slightly due to "modified promotional campaigns and gains in room revenues", with the output to end-September driven by a 2.2 per cent rise in average daily room rates (ADRs) to $241.79. Average room occupancies steadied at 66.1 per cent.

Elsewhere, t ...

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