The Bermuda tourism industry’s growth trajectory continued through its tenth consecutive quarter, with both leisure air visitor spending and arrivals up solidly.

1. 2018 2nd Quarter
Visitor Arrivals Report

2. Q2 2018
Leisure Air Visitor Spending
6%

3. Leisure Air Visitor Spending
Ten consecutive quarters of
growth
Q2 2018
1st Quarter 4%
2nd Quarter 12%
3rd Quarter 20%
4th Quarter 23%
1st Quarter 30%
2nd Quarter 31%
3rd Quarter 15%
4th Quarter 13%
1st Quarter
25%
2nd Quarter 6%
2016 2017 2018

4. Estimated Air Visitor Spending
4
IN MILLIONS Q2 2017 Q2 2018 # CHG YOY
% CHG
YOY
LEISURE $90.6 $96.2 $5.6 6%
BUSINESS $26.2 $21.9 -$4.3 -16.4%
TOTAL $131.0 $126.5 -$4.5 -3.5%
Total above includes friends/relatives and other air visitor
categories
Q2 2018
6%
LEISURE VISITOR SPENDING
(AIR)
• $96.2 MM
• $90.6 MM
2017
2018

5. Estimated Air Visitor Spending (per
person)
5
Q2 2017 Q2 2018 # CHG YOY % CHG YOY
LEISURE $1,567.48 $1,444.15 -$123.33 -7.9%
BUSINESS $1,743.86 $1,371.52 -$372.34 -21.4%
TOTAL $1,499.77 $1,374.26 -$125.51 -8.4%
Total above includes friends/relatives and other air visitor categories
Q2 2018

6. Q2 2018
Leisure Air Visitor Arrivals
15%

7. Leisure Air Visitor Arrivals
Ten consecutive quarters of
growth
Q2 2018
1st Quarter 14%
2nd Quarter 9%
3rd Quarter 18%
4th Quarter 35%
1st Quarter 19%
2nd Quarter 16%
3rd Quarter 6%
4th Quarter 11%
1st Quarter 21%
2nd Quarter 15%
2016 2017 2018

8. 8
Air Visitor Arrivals
Q2 2016 Q2 2017 Q2 2018
# CHG
YOY
% CHG
YOY
VACATION & LEISURE 50.2K 58.8K 66.6K 8.8K 15%
BUSINESS 14.3K 15.0K 15.9K 1K 6%
VISITING FRIENDS &
RELATIVES
9.8K 12.9K 8.5K (4.3K) (34%)
OTHER 1.4K 1.7K 962 (700) (43%)
TOTAL AIR VISITORS 75,730 87,351 92,039 4,688 5.4%
Q2 2018
15%
LEISURE AIR
ARRIVALS

9. World Triathlon Series Bermuda 2018
Impact Study
$3.4 MILLION
(includes $2.9 mm in Government funding) MEDIA EXPOSURE
ADVERTISING EQUIVALENT
VALUE (“AEV”)
$17.8 MILLION
1.1 MILLION PEOPLE
WATCHED ON TV
BROADCAST IN 21 COUNTRIES
$4.4 MILLION
Impact on GDP
890
OVERSEAS VISITORS
Exclusive of $19.9 mm estimated impact from
legacy tourism.
152%
RETURN ON $2.9 MILLION
INVESTMENT BY GOVERNMENT
WTS BERMUDA
2018 COST
Based on the Economic Impact of the WTS Bermuda Triathlon on Bermuda Report.
ESTIMATED IMPACT ON
WTS GRAND FINALE (2021)
3,000 PARTICIPANTS
EXPECTED
FUTURE IMPACT OF
$16.6 MILLION
IMPACT ON GDP

10. Executive Summary Q2 2018
15%
LEISURE AIR
ARRIVALS
LEISURE AIR ARRIVALS
UK
USA
CANADA
-9%
23%
6%
PERCENTAGES ARE % CHANGE COMPARING 2018 TO 2017
4%
AIR CAPACITY
6.2%
TOTAL LEISURE SPENDING
(AIR LEISURE)
$96.2 MM
$90.6 MM
2017
2018

11. H1 2018

12. Executive Summary H1 2018
17%
LEISURE AIR
ARRIVALS
LEISURE AIR ARRIVALS
UK
USA
CANADA
-4.5%
23%
12%
PERCENTAGES ARE % CHANGE COMPARING 2017 AND 2018
8%
AIR CAPACITY
10%
TOTAL LEISURE SPENDING
(AIR LEISURE)
$129.9 MM
$118.1 MM
2017
2018

13. Boston Boost
65% 66%
Air Capacity Leisure Air Arrivals
YoY increase H1 2018 vs H1 2017

14. 14
Leisure Air Visitors by Area of Residence
City # of Arrivals
H1 2018
# Change vs
H1 2017
% Change vs
H1 2017
New York City 26,134 3,619 16%
Boston 14,729 5,868 66%
Ontario 6,195 908 17%
Philadelphia 4,270 914 27%
Washington DC 2,926 570 24%

15. Hotel Performance
15
YTD
2016
YTD
2017
YTD
2018
# CHG
YOY
% CHG
YOY
HOTEL OCCUPANCY 52.1% 58.7% 61.8% 3.1% 5.3%
HOTEL AVERAGE
DAILY RATE (ADR)
- - - -$7.36 -2%
HOTEL REVENUE PER
AVAILABLE ROOM
(REVPAR)
- - - $6.92 3.1%
H1 2018
5.3%
17%
HOTEL OCCUPANCY
LEISURE AIR ARRIVALS

16. Vacation Rental Market
16
H1 2016
H1
2017 H1 2018
# CHG
YOY
% CHG
YOY
% of Visitors Choosing
Vacation Rental
6.8% 10% 10.8% 0.8% 8.0%
Average Length of Stay
8.75
days
11.13
days
7.51 days
(3.62)
days
(33%)
H1 2018
• Share of visitors choosing vacation rental up YTD, after being down in Q1
• Vacation rental visitors stay for shorter period post-America’s Cup

17. 17
Airlift
H1 2016 H1 2017 H1 2018
# CHG
YOY
% CHG
YOY
BOSTON 28,542 30,430 50,122 19,692 65%
TOTAL 264,730 267,163 289,430 22,267 8.3%
H1 2018
AIR CAPACITY
8%

18. Visitors by Sea
18
H1
2016
H1
2017
H1
2018
# CHG
YOY
% CHG
YOY
CRUISE VISITORS 154,152 174,842 201,208 26,366 15%
YACHT VISITORS 625 840 723 (117) (14%)
H1 2018

19. Leisure Air Visitor Age
19
AGE
H1
2016
H1
2017
H1
2018
# CHG
YOY
% CHG
YOY
0 - 17 7.2K 7.5K 9.9K 2.4K 32%
18 - 24 4.5K 4.7K 6.1K 1.3K 28%
25 - 34 11.3K 16.8K 19.7K 2.9K 17%
35 - 44 10.5K 13K 15.9K 2.8K 22%
45 - 54 12.6K 13K 14.5K 1.4K 11%
55 - 64 12.4K 13.5K 14.9K 1.3K 19%
OVER 65 9.9K 10.8K 12K 1.3K 12%
TOTAL 68,462 79,498 92,920 13,422 17%
H1 2018
Under 45
55%
Over 45
45%
• All age categories show growth
• Travellers under 45 years-old continue to power tourism comeback

20. MORE ONLINE
GOTOBERMUDA.COM/BTA
DETAILED STATISTICAL DATA & CORPORATE ACTIVITY