Airbnbs generating $28M in revenue Jan-May, says Tourism DG

NASSAU, BAHAMAS — Between January and May, Airbnbs generated $28 million in revenue, as reported by Tourism Director General Latia Duncombe.

Speaking at a weekly press briefing at the Office of the Prime Minister, Duncombe highlighted data from Airdna showing 5,090 available rooms in the Airbnb segment. This segment contributed $28 million in revenue during the first six months of the year, a 12.2 percent increase over the same period in 2023.

Duncombe also revealed that stopover, cruise, and day visitors collectively spent an estimated $5.39 billion in The Bahamas in 2023. Stopover visitors averaged $2,595.57 per person per trip. In Nassau/Paradise Island, the average nightly spend per person in the stopover segment was $469 in 2023, up from $455 in 2022. For Grand Bahama, it was $196 in 2023 compared to $175 in 2022.

Average expenditures in 2023 were $2,676 for Nassau/Paradise Island, down from $2,732 in 2022. In Grand Bahama, the figures were $1,433 in 2023 and $1,476 in 2022. Duncombe noted a significant increase in average spend per cruise passenger in the Family Islands, rising from $27.80 in 2019 to $113.70 in 2023. The percentage of visitors disembarking from ships remained notably high at 70-80%.

According to Duncombe, there are currently 283 hotels offering a total of 16,000 rooms in The Bahamas.

The Bahamas has welcomed 4.8 million visitors to date.

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