Q1 Arrival Statistics

January-March 2015

Q1 Visitor Spending

Q1 Visitor Air Arrivals – Visitor Expenditure

  2013 2014 2015 % CHG YOY # CHG YOYAverage per Person Spend $1,054 $949 $1,227 29.29% $278

Estimated Economic Impact $33 M $29.5 M $35.5 M 20.69% $6.1 M

Accommodations

Meals/Beverages

Retail (Groceries, Souvenirs and Other Shopping)

Recreational/Leisure

TransportationTelecom

$0.00$100.00$200.00$300.00$400.00$500.00$600.00$700.00

$501

$272

$148

$58 $73$2

$486

$269

$104$30 $57

$2

$623

$330

$129$68 $73

$2

2013 2014 2015

Q1 Visitor Air Arrivals – Average Length of Stay

  2013 2014 2015% CHG YOY

# CHG YOY

TOTAL AVERAGE DAYS 6.36 6.55 6.72 2.60% 0.17

4.00000000000001

4.50000000000001

5.00000000000001

5.50000000000001

6.00000000000001

6.50000000000001

7.00000000000001

6.366.55

6.72

2013 2014 2015

Q1 Total Visitor Arrivals

  2012 2013 2014 2015YOY % Change

YOY # Change

Air 31,619 31,300 31,032 28,966 -6.7% (2,336)Cruise 2,719 1,484 - 319 319Yacht 233 472 255 324 27.1% 69

Total  34,571  33,256  31,287  29,609  -5.3% (1,678)

Q1 2012 Q1 2013 Q1 2014 Q1 2015 20,000 22,000 24,000 26,000 28,000 30,000 32,000 34,000 36,000  34,571 

 33,256  31,287 

 29,609 

Air Cruise Yacht

YOY = year over year

Q1 Visitor Air Arrivals – by Country of Origin

  2012 2013 2014 2015% CHG YOY

# CHG YOY

USA 19,787 19,992 19,727 18,283 -7.3% (1,444)

Canada 7,292 6,273 6,272 5,316 -15.2% (956)

UK 2,872 3,260 3,141 3,267 4.0% 126

Europe 609 667 612 811 32.5% 199

Rest of the World 1,059 1,108 1,280 1,289 0.7% 9

Total  31,619  31,300  31,032  28,966  -6.7% (2,066)

USA63%

Canada18%

UK11%

Europe3%

Rest of the World4%

Q1 Visitor Air Arrivals – by Region in the US

  2014 2015% CHG YOY

# CHG YOY

Middle Atlantic 8,829 7,978 -9.6% (851)

North East 4,366 4,205 -3.7% (161)

South East 3,482 3,249 -6.7% (233)

Mid-west 1,758 1,592 -9.4% (166)

West 1,212 1,172 -3.3% (40)

Middle Atlantic

44%

North East

23%

South East

18%

Mid-west

9%

West 6%

Share of US Visitor Arrivals by Region

Q1 Total Air Arrivals – Purpose of Visit

2014 2015 -

2,000 4,000 6,000 8,000

10,000 12,000 14,000 16,000 18,000 16,612 16,006

4,399 3,772

8,969 8,467

Vacation Friend/Relative Business

Vacation55%

Friend/ Relative

13%

Business29%

Convention2%

Other 1%

  2012 2013 2014 2015% CHG YOY

# CHG YOY

Vacation 16,854 17,032 16,612 16,006 -3.6% (606)

Friend/ Relative 4,469 4,565 4,399 3,772 -14.3% (627)

Business 9,627 9,212 8,969 8,467 -5.6% (502)

Q1 Air Service

 Capacity (Available Seats) 2012 2013 2014 2015

% CHG YOY # CHG YOY

January  36,460 35,636 36,980 32,460 -12.2% (4,520)

February 35,140 32,132 32,206 28,352 -12.0% (3,854)

March 41,802 38,376 41,640 33,974 -18.4% (7,666)

Q1 Total 113,402  106,144  110,826  94,786  -14.5% (16,040)

New York20%

Philadelphia13%

Newark53%

Toronto14%

Capacity decrease by Airport

Air Capacity

14.5%Vacation 

Air Arrivals

3.6%

Q1 Cruise Arrivals

2012 2013 2014 2015 -

500

1,000

1,500

2,000

2,500

3,000

1,340

761

-

300

103

-

143

269

-

890

332

319

 2,719 

 1,484 

 -   

 319 

USA Canada UKEurope Rest of the World Total

Q1 Yacht Arrivals

2012 2013 2014 2015 -

100

200

300

400

500

 233 

 472 

 255  324 

Jan Feb Mar

7%1%

12%

70%

10%

Share of Yacht Arrivals by Country

USACanadaUKEuropeRest of the World

Q1 Bermuda Hotel Occupancy

January February March Q1 Total20%

25%

30%

35%

40%

45%

50%

28%

34%

46%

36%

29%

34%

44%

36%

32%

34%

46%

37%

26%

29%

43%

33%

2012 2013 2014 2015

Source: STR representing 10 of Bermuda’s hotels or 68% of hotel inventory.

Q1 Bermuda Hotel ADR & RevPAR

Source: STR representing 10 of Bermuda’s hotels or 68% of hotel inventory. ADR = Average Daily Rate

ADR (Average Daily Rate) % CHG YOY # CHG YOYJanuary +10% $20.41February -0.5% ($1.28)March +8% $18.92Q1 Total +6.3% $14.34

RevPAR (Revenue Per Available Room) % CHG YOY # CHG YOYJanuary -10% ($6.46)February -14.4% ($11.47)March +2.4% $2.64Q1 Total -6.1% ($5.14)

Hotel Room Nights on the Books for Next 12 Months

VARIANCE VS. LAST YEAR INDIVIDUAL GROUP  TOTAL % CHGMay 2,263 (2,961) (764) -2.8%June 926 (514) 152 0.6%July 1,506 (5,046) (3,505) -18.0%August 1,114 (103) 842 8.4%September 505 520 1,162 16.0%October 184 329 460 4.3%November 400 (334) 128 2.2%December 408 (2,450) (1,941) -40.1%January 113 1,165 1,278 113.4%February 95 60 167 15.8%March - (411) (411) -23.6%

TOTAL VARIANCE7,432 10.5%

(8,871)-15.4%

(1,813) -1.3%

Q1 Summary

Thank You