STARTING TO GROW: US vaccine uptake fueling tourism rebound but full recovery not expected until post-2022

“Americans are starting to travel again and that augers well for tourism” NASSAU, BAHAMAS — Tourism-dependent countries like The Bahamas are beginning to see “green shoots” in the tourism sector due in large part to the vaccination uptake in the United States, a senior Inter-American Development Bank (IDB) executive noted yesterday. The multinational lender has […]

NUMBERS MATTER: One stopover visitor spends as much as 28 cruise visitors, cites IDB report

“Homeporting of cruise lines could help significantly in increasing the amount that cruise visitors spend in the country” NASSAU, BAHAMAS — Homeporting of cruise lines in The Bahamas could significantly increase cruise passenger spend, according to an Inter-American Development Bank (IDB) report that noted it takes 28 cruise visitors to equal the spend of one […]

Bahamas has highest on-time VAT filing rates in the region, IDB study reveals

NASSAU, BAHAMAS — The Bahamas has the highest on-time filing rates for value-added tax (VAT) in the region, a new Inter-American Development Bank (IDB) study laying out key fiscal and financial reforms has revealed. In the book entitled “Economic Institutions for a Resilient Caribbean”, it was noted that in order to build resilience against external […]