Bahamian Policies Regarding Tourism

Bahamian Policies Regarding Tourism

The Bahamas is known for its exquisite touristy destination and an experience that can’t be replicated. Of late the government has been investing a lot in excelling the industry in the country and attracting the crowd to the nation. However, there has been certain set back in the last two years, especially the advent of the pandemic. This has not only shifted the priorities but as well as exposed the vulnerabilities of the industry. The country generates 40% of its economy from the tourism industry. It attracts an average of US$1.3 Billion from the more than three million of the visitors that head towards the country. The industry has been seen growing in the last couple of decades, especially after 1995 when the average hotel occupancy by the tourists increased. In addition to that, the country has been listed as the most popular destination in the world, and it also ranked number 8 in 1994. Not just fr0om North America, but the tourist come from various regions such as Western Europe, South America, Japan, and South Africa.

Bahamian Policies

Besides that, the country maintains a favourable growth rate among the neighbouring nations making it an appealing cruise ship destination. Though the Covid-19 restrictions have made the country go on a backtrack, as the world opens up, the government of the country is taking all necessary steps to make the country ready to host the tourists. In this regard, certain limitations have been removed as well as the process has been made smooth. In addition to that, the customs are much better now, and the administration makes sure that there aren’t any unfair charges. On top of that, the electronic medium for the payments for those coming in the co0untry makes it more convenient.

Bahamian Policies

Regarding the government hotels, they have mostly been privatized to increase, and excel services compared to the 92 when the government of Bahamas controlled and operated 20% of the hotels. These including various popular names such as Ambassador Beach Hotel and the Royal Bahamian Hotel on New Providence. International investors have been invited to furnish and operate the properties, such as the Italian, Danish, and others. state ownership has dropped to 5%.

Besides that, the government has exempted the companies investing in hotel development from the property tax. The policy has been in place since 1989, and this has led to exponential growth in the sector. The lenient policies and excellent approach to the industry have allowed the nation to develop the sector. To further boost the economy, and attract tourists, the government has taken more aggressive steps, that intend to develop the infrastructure in the country. This includes:

Bahamian Policies

• The developments, and upliftment of the public parks, green zones, and the international airport.
• Investing in the development of the roads, water systems, harbors, and public property in general.
• Electrification, and enhancing modern communication in the country.
Though there is a lot to be done in the country, and the current issue of the pandemic has put a lot of things on hold, the expectations of the country were high.

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