March Hotel Performance Continues Upward Trend
According to preliminary statistics released by the Bahamas Hotel Association and The Bahamas Ministry of Tourism, the 14-major New Providence hotels recorded an 84.3% occupancy rate for March 2012 compared to 80.1% in March 2011. Room revenue increased by 8% along with a 4.8% increase in room nights sold. The March 2012 average daily room rate (ADR) of $283.35 represented an increase of $8.44 compared to March 2011.