Bermuda’s tourism industry is on pace to have its second consecutive year of record visitor arrivals.

1. 2018 3rd Quarter
Visitor Arrivals Report

2. QUARTERLY
HEADLINES

3. Eleventh consecutive quarter of leisure
visitor spending (air arrivals)
Q3 2018
9%

4. Leisure Air Visitor Spending
Eleventh consecutive quarters
of growth
Q3 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%
3rd Quarter 9%
2016 2017 2018

5. Eleventh consecutive quarter of leisure air
arrivals growth
Q3 2018
10%

6. Leisure Air Visitor Arrivals
Eleven consecutive quarters of
growth
Q3 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%
3rd Quarter 10%
2016 2017 2018

7. Executive Summary Q3 2018
10%
LEISURE AIR
ARRIVALS
LEISURE AIR ARRIVALS
UK
USA
CANADA
11%
7%
24%
PERCENTAGES ARE % CHANGE COMPARING 2017 AND 2018
-2.5%
AIR CAPACITY
9 %
TOTAL LEISURE SPENDING
(AIR LEISURE)
$113.8 MM
$104.7 MM
2017
2018

8. THE
NUMBERS

9. Estimated Air Visitor Spending
9
IN MILLIONS Q3 2017 Q3 2018
# CHG
YOY
% CHG
YOY
LEISURE $104.7 $113.8 $9.1 9%
BUSINESS $16.5 $14.3 ($2.2) (13.2%)
TOTAL $132.6 $137.1 $4.6 3.4%
Total above includes friends/relatives and other
air visitor categories
Q3 2018
11%
LEISURE VISITOR SPENDING
YTD (AIR)
• $245.9 MM
• $222.3 MM
YTD 2017
YTD 2018
LEISURE VISITOR SPENDING
YTD (AIR)
+ $23.6 MM

10. 10
Air Visitor Arrivals
Q3 2016 Q3 2017 Q3 2018
# CHG
YOY
% CHG
YOY
VACATION & LEISURE 64.4K 68.3K 75.1K 6.8K 10%
BUSINESS 10.2K 10.0K 9.6K (368) (3.7%)
VISITING FRIENDS &
RELATIVES
11.3K 10.8K 9.8K (972) (9%)
OTHER 1.2K 1.2K 402 (765) (66%)
TOTAL AIR VISITORS 86,948 90,321 94,966 4,645 5.1%
Q3 2018
10%
LEISURE AIR
ARRIVALS

11. Hotel Performance
11
YTD
2016
YTD
2017
YTD
2018
# CHG
YOY
% CHG
YOY
HOTEL OCCUPANCY 60.1% 65.5% 67.4% 1.9% 2.9%
HOTEL AVERAGE
DAILY RATE (ADR)
- - - -$3.65 (0.9%)
HOTEL REVENUE PER
AVAILABLE ROOM
(REVPAR)
- - - $5.15 2%
YTD 2018
2.9%
HOTEL OCCUPANCY
Through Sept 30

12. Vacation Rental Market
12
YTD
2016
YTD
2017
YTD
2018
# CHG
YOY
% CHG
YOY
% of Visitors Choosing
Vacation Rental
7.2% 10.3% 11.7% 1.4% 13.6%
Average Length of Stay
8.16
days
9.53
days
7.32
days
(2.21)
days
(23%)
YTD 2018
• Share of visitors choosing vacation rental up YTD
• Vacation rental visitors choose shorter stays post-America’s Cup
Through Sept 30

13. Visitors by Sea
13
YTD
2016
YTD
2017
YTD
2018
# CHG
YOY
% CHG
YOY
CRUISE VISITORS 299,649 324,397 349,046 24,649 7.6%
YACHT VISITORS 3,498 4,721 3,803 (918) (19%)
YTD 2018
Through Sept 30

14. Leisure Air Visitor Age
14
AGE
YTD
2016
YTD
2017
YTD
2018
# CHG
YOY
% CHG
YOY
0 - 17 16K 16.8K 20.7K 3.9K 23.1%
18 - 24 9.1K 9.4K 11.3K 1.9K 20.7%
25 - 34 22.6K 30.9K 33.9K 3K 9.7%
35 - 44 20.7K 24.8K 29.2K 4.4K 17.6%
45 - 54 25.4K 24.9K 28.1K 3.3K 13.1%
55 - 64 22.5K 23.6K 25.7K 2.1K 9%
OVER 65 16.5K 17.6K 19.2K 1.6K 9.2%
TOTAL 132,816 147,833 168,005 20,172 13.6%
YTD 2018
 All age categories show growth
 Travellers under 45 years-old continue to
power tourism comeback
Through Sept 30

15. 2018
Key Performance
Indicators
Leisure Visitor Arrivals
Leisure Visitor Spending
Cruise Passenger Arrivals
Hotel Occupancy
Vacation Rental Stays
Air Capacity
YoY comparison through September 30, 2018

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