Log In

Reset Password
BERMUDA | RSS PODCAST

More visitors spend less in fourth quarter

Bermuda attracted more air and cruise ship visitors in the last three months of 2015 compared with the year before, but they spent less money.

There were 90,731 air and cruise ship visitors in the fourth quarter compared with 81,009 for the same period the year before, but they spent a combined $56.2 million compared to the $61.3 million of on-island spending in 2014.

For the entire year visitor spending was $333.1 million, down from $347.9 in 2014, and $393.6 million in 2013.

The figures are detailed in the Bermuda Government's Quarterly Bulletin of Statistics.

Imports to the island fell to $225.4 million during the fourth quarter, with the collapse in the price of oil accounting for much of the 3.1 per cent drop.

Fuel imports during the last three months of the year were down 46.9 per cent.

The value of imports for the machinery commodity group decreased 8.4 per cent and imports of food, beverages and tobacco decreased 7.5 per cent. In contrast, imports from all other commodity groups increased.

Fourth-quarter total imports have fallen from $260 million in 2013, and $232.7 million in 2014.

Employment income was up 1.9 per cent, or $14.3 million, with the hotels and restaurants sector recording the largest percentage increase in remuneration of 6.3 per cent due in part to a larger workforce, and increased wages and tips.

Residents declared overseas purchases totalling $17.5 million during the fourth quarter, which was down 1.3 per cent, although the full year figure was $59.3 million, just over $1 million higher.

See Related Media for bulletin

Economic figures: there were more air and cruise ship visitors in the fourth quarter of 2015 than for the same period in 2014, but they spent less money on the island

You must be Registered or to post comment or to vote.

Published May 04, 2016 at 6:01 pm (Updated May 04, 2016 at 7:16 pm)

More visitors spend less in fourth quarter

What you
Need to
Know
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon