Pelican Bay General Manager, Magnus Alnebeck recently spoke with ZNS News about the impact of US imposed tariffs and new policy initiatives on tourism on Grand Bahama.
It has been reported that the risk of recession for the United States is 50% over the next year. Alnebeck said, “well, of course, if the US is hitting a recession we’re gonna see a slowdown in travel that is for sure. But I think it’s too early to sort of speculate in that at the moment then its gonna be an overall economic recession and people are gonna travel less and of course tourism will take a big hit.”
The hotel operator also spoke about the possibility that The Bahamas will benefit from a shift in travel away from the United States. Alnebeck said, “Canadians are not like Americans who actually travel in the spring and the summer. Most Canadians like to stay in Canada in the summer. So I’m sure if this sort of continues then that could be some help with that.”
When speaking about the performance of his hotel Alnebeck said the first quarter of this year has outpaced the previous year. “The first quarter has been very good but it is entirely driven by the Carnival project that we are getting a lot of room nights from. The project in the Shipyard, we had some big dry docks in the month of March that were great for us. So it is driven by the projects in Grand Bahama,” he said.
