While U.S. visitors to Bermuda are critical to the island’s tourism industry, the number of U.S. visitors to Bermuda is declining. In 2008 only 72% of air arrivals originated from the U.S., compared to 83.9% in 1990. The number of air and cruise passengers from the U.S. totaled 464,000 in 2000. That number fell to 449,677 American passengers in 2008. Another 3,014 Americans sailed to the island via private yacht in 2008.
An estimated 8,000 registered U.S. citizens live in Bermuda, many of them employed in the international business community. There also are a large number of American businesses incorporated in Bermuda, although no actual figures are available.
In 2007, 72% of Bermuda’s imports came from the U.S. Areas of opportunity for U.S. investment are principally in the re-insurance and financial services industries, although the former U.S. base lands also may present long-term investment opportunities.