BAHAMAS Popular Tourist destinations | BAHAMAS Tourism | Best Places to visit
Bahamas Tourism
BAHAMAS´s most popular destinations for Bahamas tourism are the following. The Travelucion data shows that the main bulk of tourists to Bahamas will visit one of the following destinations:
Grand Bahama – Gold Rock Beach
Of course, Bahamas offers varied tourism experiences for those looking for an ample choice of offers. These include Bahamas cultural tourism, Bahamas beach and leisure tourism, Bahamas business travel tourism, Bahamas religious tourism, Bahamas ecotourism, Bahamas academic tourism.
Probably the major bulk of travelers to Bahamas will be visiting for Sun, Sea and Sand tourism type vacations however; smaller segments of arrivals will venture into one or more of the aforementioned categories of Bahamas Tourism
Below is a brief overview of tourism in Bahamas for those looking for travel information on Bahamas as well as those who have not yet decided if Bahamas is the right destination for them.
Within the elite group of the richest countries in the Caribbean, the Bahamas counts on tourism revenue to garner the majority of its financial activity. Tourism is therefore the backbone of the Bahamian economy making over 65% of the Bahamian annual GDP figures, Almost half of the nation’s population works in tourism related jobs or service industries associated with tourism. The financial services sector takes #2 spot covering 15% of the country’s GDP. It’s the financial sector therefore that the Bahamian government is trying to increase the profile of. On one hand, cleaning up the countries “offshore” image and, on the other, providing first rate telecommunications and internet via the recently (2002) installed fiber optic from Florida.
The Bahamian Government is trying hard to cultivate the foreign financial services business by introducing ongoing reforms in banking and finance sectors. A merger will soon take place in which the regulatory apparatus of top financial institutions, including the Central Bank of The Bahamas along with the Securities and Exchange Commission. Bahamas Central Bank creates the restrictions and regulation on capital and money market financial instruments. The International Securities Exchange of the Bahamas presently consists of 20 publicly listed companies. Underlining the comparative dependability of the banking system, the blow of the global financial crisis on the financial services of the country have not been as acute as other financial services driven offshore centers.
The Bahamian government draws its tax revenue mainly from import tariffs, local license fees and real estate taxes, however there are no income tax, corporate tax, capital gains tax, value-added tax or wealth tax. Therefore, the economy is not hampered by an intolerable tax regime which, in itself, attracts big capital and net worth individuals to the island nation. Another benefit for locally registered businesses is that payroll taxes fund social insurance benefits adding security to the employed population. The Bahamian Government is endeavoring to increase tax compliance and collection to stave off the woes of the current world financial crisis.
Overall Bahamas tourism figures show how popular this destination has become.
“#1 BAHAMAS Tourism destination is – Nassau”
Most tourism to Bahamas will stay at Hotels in BAHAMAS , although a smaller percentage will stay at guest houses. In order to see Bahamas, a rental car is advisable and Rent a Car in Bahamas can be relatively cheap compared to other countries. As far as Bahamas tourism attractions we have listed a few of these on the link provided. Finally, about 90% of travelers to Bahamas visit by plane so check out the Bahamas Flight offers.
Bahamas Tourism in general is a very rewarding experience and reviews of Bahamas show a high number of satisfied visitors when polling those who have traveled there with Travelucion
For more information visit us at Bahamas tourism information or check out our Bahamas Travel Guide Books offers.
