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Overnight Arrivals Up, But Hotel Occupancy Isn’t
Wed, June 28, 2017

And the folks at Belikin aren't the only ones singing the blues due to a disruptive marketplace. Overnight tourism interests are also feeling the bite - but not from imports, most likely from AirBnB.  The online service which lets you turn that spare room in your home into a lodging for guests accounts for a drop in occupancy rates - even though more overnight tourists are arriving.  

Jefte Ochaeta - Statistician I, SIB
"What happened is we had more persons coming into the country however, the hotel sector where the overnight visitor would be going reported a decrease in the hotel room occupancy rate by 5%. So that means that less revenue was generated from hotels from our traditionally hotels where our traditional visitors would be visiting, that means that the dynamics of our visitors has changed. Our visitors are now going into other kinds of budget services for accommodations, so that's why we saw a decrease in the hotels and restaurants services."

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