Quarterly Bulletin Of Statistics Report Released

January 18, 2019 | 7 Comments

Today, Minister for the Cabinet Office Walton Brown released the Second Quarter 2018 Quarterly Bulletin of Statistics from the Department of Statistics.

Minister Brown said, “The quarterly bulletin report indicated some welcome economic signs. As an example, at the end of April 2018, there were 2,608 workers employed within the hotel industry.

“The level of employment increased by 122 employees year-over-year, representing 90 more Bermudians during the second quarter of 2018. Additionally, cruise ship visitor spending was estimated at $31.3 million, reflecting a $5.4 million rise. Another positive tourism sector highlight was the increase of air visitors during the second quarter, with around 92,039 air visitors.

“This represented a 5.4 percent increase year-over-year. Hotel gross receipts totaled $129.1 million, which was an increase of 9.7 percent or $11.4 million. And overseas declarations by residents increased 7.7 percent to $14.7 million.”

Additional second quarter highlights include:

  • The Island hosted 92,039 air visitors during the second quarter of 2018, an increase of 5.4 percent year-over-year.
  • Estimated total expenditure by air visitors declined 3.0 percent to $133.7 million when compared to the same period of 2017.
  • A total of 67 cruise ships visited the Island carrying 196,437 passengers.
  • Total expenditure for these passengers was estimated at $31.3 million, reflecting a $5.4 million rise.
  • At the end of April 2018, there were 2,608 workers employed within the hotel industry.
  • Hotel gross receipts totaled $129.1 million. This represented an increase of 9.7 percent or $11.4 million.
  • Overseas declarations by residents increased 7.7 percent to $14.7 million.
  • Employment income declined 1.4 percent or $12.4 million.
  • The value of imports decreased 15.8 percent to $299.1 million.
  • Imports from the US decreased $30.3 million.

The full Quarterly Bulletin of Statistics follows below [PDF here]:

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Comments (7)

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  1. Jt says:

    So everything “positive” here can be attributed to the BTA. Don’t forget it.

  2. DeOnion says:

    Dear walton – the statistics you refer to are as a direct result of oba policy. The plp had not been in power long enough to make a difference.
    Since then there has been a difference: gdp is down; retail sales volume has slumped; business confidence has crumbled; health insurance costs have risen as have taxes.
    Yet, despite that the only economic plan you can come up with is fintech and the premier is unable, or unwilling, to say if it is creating new jobs.
    We have missed out on gaming as well as AC legacy events; no new hotels are being built.
    You failed miserably with immigration reform so our population falls and as it does, so does demand for services
    Carry on making delusional statements but remember – you cannot fool all the people all the time

  3. 2 Bermudas says:

    Thank God the OBA set up the BTA because that’s the only bright spot in the economy. Zane Desilva, are you listening?!?!?!?!

    Sadly, the economy is heading downward overall. With a $100m annual deficit and the country very close to the $2.5bn debt ceiling, things are not looking good!!

  4. WSP says:

    Minister Brown you can put lipstick on a pig,but its still a pig.

  5. Meanwhile--in the Cayman Islands.. says:

    https://www.caymancompass.com/2019/01/17/no-place-like-home-caymans-residential-property-boom/

    Seems like the polar opposite to Bermuda….

  6. Rocky5 says:

    It’s not all sunshine PLP Minister Brown….Figures in for the second quarter of last year show Bermuda’s EMPLOYMENT INCOME DECLINED by 1.4 percent and the VALUE OF IMPORTS to the island FELL BY 15.8 percent!!!!

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