NASSAU, Bahamas – The Bahamas has recorded a “remarkable” milestone of welcoming eight million visitors, with Prime Minister Phillip Davis saying that it is crucial to reflect on the broader economic significance of this achievement.
“This record-breaking number is not just a triumph for our tourism sector; it’s a catalyst for comprehensive economic growth and a clarion call for diversification within our economy,” he said, adding that the surge in tourism directly contributes to the country’s national income, creating extensive employment opportunities and stimulating various sectors of the economy.
“But beyond these immediate benefits, it provides a unique opportunity to drive our economic growth forward, with a particular focus on diversifying our product offerings and investing in Bahamian businesses,” Davis said in a statement.
He said that his ruling Progressive Liberal Party (PLP) administration is steadfast in its commitment to harnessing this momentum for the economy’s greater good.
“We aim to sustain and grow our tourism numbers and ensure that the benefits of this growth are felt across the breadth of our economy,” Davis said, noting that a key aspect of the strategy will be to deepen the linkages between tourism and other sectors.
“We recognize the importance of creating a symbiotic relationship between tourism and local industries. By fostering these connections, we can ensure that the economic benefits of tourism are more broadly distributed, supporting the growth of local businesses and entrepreneurs.”
Davis said that investing in Bahamian businesses is central to this strategy, addin “we aim to empower local entrepreneurs, providing them with the resources and support needed to tap into the tourism market”
He said that this approach will stimulate economic activity and showcase the Bahamian people’s rich cultural heritage and creativity to the world.
“Diversification is another cornerstone of our strategy. We understand that a dynamic and resilient economy cannot rely solely on one sector, regardless of its strength. Therefore, we are focusing on diversifying our tourism product, exploring new markets, and innovating our offerings.
“This diversification will attract a broader range of visitors and create new opportunities for investment and development within our economy,” Davis said, noting that “this historic achievement in tourism is more than a fleeting moment of success.
“It is a foundation upon which we will build a more robust, diverse, and prosperous economy,” Davis said, praising the work of all stakeholders, including the airlines and hoteliers ‘and all the local vendors and operators have been instrumental in making The Bahamas the destination of choice for millions.
“Each of you, through your tireless efforts and commitment to excellence, has helped to weave the rich foundation of experiences that our visitors treasure. Your collaboration, innovation, and dedication have enhanced our tourism product and significantly contributed to our nation’s economic resilience.
“Your collective efforts have met and exceeded expectations, ensuring every visitor to our shores leaves with lasting memories and a deep desire to return. This achievement is as much yours as it is The Bahamas’, and together, we will continue to build on this success to benefit our nation and its people.”
Davis said that as the country celebrates the arrival of the eight million passengers “together, we will continue to work towards a future where The Bahamas is a premier global destination and a vibrant, diverse economy that offers opportunities and prosperity for all Bahamians”.
