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Bahamas: STEEP DROP: Foreign arrivals down nearly 80 percent in March, CBOB reports

NASSAU, BAHAMAS — Total foreign arrivals fell by nearly 80 percent in March, extending the nearly 60 percent decline in the same period last year, the Central Bank has reported.

According to the Central Bank’s Monthly Economic and Financial Developments report for March, total foreign arrivals fell by 79.2 percent during that month, extending the 59.7 percent decline in the same period last year, when the virus’ effect was only felt partially during the month.

“Underlying this development, air arrivals decreased by 25.5 percent, albeit after a loss of 62.5 percent in 2020, reflective of the reopening of international borders — but with health precautions in place,” the regulator noted.

“However, in the absence of cruise traffic, the dominant sea segment contracted by 97.2 percent and extending the 58.6 percent falloff in 2020.”

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