Monthly Economic and Financial Developments (MEFD) April 2026

Monthly Economic and Financial Developments (MEFD) April 2026

Published: Monday June 1st, 2026

Domestic Economic Developments

Overview

The domestic economy's growth momentum was sustained at a healthy pace during the month of April, vis-à-vis the comparable 2025 period. Key economic indicators continued to converge closer to their expected medium to long-term levels, although still trending above potential. Indications are that tourism inflows grew at a steadied to moderately improved rate, underpinned by robust gains in the cruise segment and firmer stopover gains. Further, monetary trends in April were marked by an expansion in banking sector liquidity, as the growth in the deposit base outpaced the uptick in domestic credit. Similarly, external reserves grew during the review month, largely reflective of net foreign currency inflows through the private sector.

Real Sector

Tourism

Preliminary data suggest that tourism output expanded at a steadied to moderately firmer pace, buttressed by healthy gains in the cruise sector and more extended gains in the high-value added stopover segment. The latter though, remained challenged by capacity constraints.

According to the most recent data provided by the Nassau Airport Development Company Limited (NAD), total departures-net of domestic passengers-rose by 5.3% to 163,582 in April, vis-à-vis the comparative period in the previous year. In particular, non-U.S. departures advanced by 42.6% to 31,990. Conversely, U.S. departures fell by 1.0% to 131,592, relative to the same period last year.

On a year-to-date basis, total outbound traffic rose by 4.8% to 0.6 million. Specifically, non-US international departures advanced by 44.2% to 0.1 million, when compared to the same period in 2025. In contrast, U.S. departures reduced by 2.2% to 0.4 million.

In the short-term vacation rental market, data from AirDNA revealed that total room nights sold increased by 9.5% to 61,441 in April, relative to the comparative 2025 period. Reflective of this outcome, the occupancy rate for hotel comparable listings rose to 54.4% from 51.9% in the same period last year, while the rate for entire place listings remained unchanged at 51.1%. In addition, the average daily room rate (ADR) for entire place listings moved higher by 8.9% to $765.46, while the rate for hotel comparable listings increased by 4.8% to $184.29.

On a year-to-date basis, total room nights sold grew by 10.5%, supported by gains in both entire place (5.4%) and hotel comparable (6.2%) listings. Further, the ADR increased by 6.8% for entire place listings, and by 5.9% for hotel comparable listings.

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