Hotels Report Occupancy Gains; Struggle With Room Rates
According to preliminary statistics released by the Bahamas Hotel Association and The Bahamas Ministry of Tourism, the 14-major New Providence hotels recorded a 77.7% occupancy rate for June 2012 compared to 68.7% in June 2011. Room revenue increased by 8.3% on the strength of a 12.6% increase in room nights sold. However, the June 2012 Average Daily Rate (ADR) was $228.04 compared to $237.05 in June 2011.