Useful information for business travelers

The Bahamas is a stable, developing nation with an economy heavily dependent on tourism and offshore banking. Tourism together with tourism-driven construction and manufacturing accounts for approximately 60% of GDP and directly or indirectly employs half of the archipelago's labor force. Steady growth in tourism receipts and a boom in construction of new hotels, resorts, and residences had led to solid GDP growth in recent years, but the slowdown in the US economy and the attacks of 11 September 2001 held back growth in these sectors in 2001-03. The current government has presided over a period of economic recovery and an upturn in large-scale private sector investments in tourism. Financial services constitute the second-most important sector of the Bahamian economy, accounting for about 15% of GDP. However, since December 2000, when the government enacted new regulations on the financial sector, many international businesses have left The Bahamas. Manufacturing and agriculture together contribute approximately a tenth of GDP and show little growth, despite government incentives aimed at those sectors. Overall growth prospects in the short run rest heavily on the fortunes of the tourism sector, which depends on growth in the US, the source of more than 80% of the visitors

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You may also bookmark the link to a specific city's hotel page from the listing below:

Hotels in ANDROS TOWN
     in  FREEPORT
     in  GEORGE TOWN
     in  GOVERNORS HARBOUR
     in  HARBOUR ISLAND
     in  MARSH HARBOUR
     in  NASSAU
     in  NORTH ELEUTHERA
     in  STELLA MARIS
     in  TREASURE CAY
Hotels in WEST END

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