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Islands’ hotels reach 60% average annual occupancy for first time; up 10% over 2004

PROVIDENICALES, Turks & Caicos Islands – 27 February, 2006 – The Turks and Caicos Hotel and Tourism Association (TCHTA), the leading industry group for the tourism industry in TCI, announced that hotel occupancy reached a record level in 2005, with a year-long average of 60% of available room-nights occupied. This compares to 50% average annual occupancy in 2004, and 58% in 2001, the next highest year since the association began keeping records.

TCI hotels set single-month records in six of the 12 months of 2005, including March of 2005 when occupancy soared to an average of 82% for the month, an all-time single month high.

“The occupancy levels for 2005 are impressive, both in terms of the 10% increase over 2004 as well as the all-time mark we achieved. Improving our occupancy percentages over the earlier years of this decade is especially noteworthy given the increase in the amount of inventory we have now compared to then,” said Andre Niederhauser, chairman of the TCHTA board of directors. “The results from this past year are a testament to the growing popularity we are enjoying as a destination, and the quality product we have to offer the worldwide tourism market.”

In 2005, three major resorts added rooms to the Turks & Caicos inventory, including the Palms, Le Vele and an expansion at the Alexandria.

“In the coming year we will have even more rooms coming on line so we expect this momentum to continue. With the addition of several new flight options and an increase in general visibility for our islands, we are confident are members will continue to see growth and success in the coming years,” noted Caesar Campbell, CEO of TCHTA.

About the TCHTA
Through involvement and cooperation with its tourism partners, the Turks and Caicos Hotel and Tourism Association (TCHTA) is dedicated to the achievement of sustainable growth in tourism for the benefit of its members and the wider community, while protecting and enhancing the unique character and environment of the Turks and Caicos Islands. The TCHTA consists of more than 90 businesses and organizations, including the major resorts and property developments in TCI, as well as other businesses supporting the tourism and development industries in TCI. Additional information, including membership applications, can be found at www.tchta.com.

Turks & Caicos Hotel & Tourism Association, P.O. Box 251, Salt Mills Plaza, Providenciales, Turks & Caicos Islands, B.W.I.
USA: 646-340-0699, Toll Free: 1-866-456-5880, Email: info [at] turksandcaicoshta [dot] com
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