GVB audit shows 2% drop in tourist arrivals - KUAM.com-KUAM News: On Air. Online. On Demand.

GVB audit shows 2% drop in tourist arrivals

Posted: Updated:

by Nick Delgado

Guam - Guam's markets experienced an overall 2 percent decline in visitor arrivals last fiscal year. That's the numbers coming from audit the Guam Office of Public Accountability conducted on the Guam Visitor's Bureau. Despite the slight drop, Public Auditor Doris Flores Brooks says GVB ended Fiscal Year 2011 with a $1.6 million increase in net assets.

She says GVB has accumulated a strong cash position at $7 million compared to the $6 million in the prior year, noting, "For us, that's good news because remember last year after the tsunami we were all really quite concerned how would Guam be adversely affected and we are still seeing the rippling effect of it."

The audit also shows GVB was able to get $12.2 million from the Tourist Attraction Fund, and $1.12 million from in-kind contributions and membership dues. 

  • NEWS HEADLINESMore>>

  • Jerry Anus arrested for harassment, drug possession

    Jerry Anus arrested for harassment, drug possession

    Police responding to a call of people loitering outside a Dededo game room leads to one man being placed under arrest for drugs. Jerry Anus is charged with possession of a schedule II controlled substance, harassment, and possession of a schedule I controMore >>
    Police responding to a call of people loitering outside a Dededo game room leads to one man being placed under arrest for drugs. Jerry Anus is charged with possession of a schedule II controlled substance, harassment, and possession of a schedule I controMore >>
  • Man attacks neighbor, threatens to kill victim with machete

    Man attacks neighbor, threatens to kill victim with machete

    A Dededo man is accused of attacking his neighbor after the victim refused to buy him beer. Robinson Reimers is charged with terrorizing with the special allegation of use of a deadly weapon during the commission of a felony, disorderly conduct, and harasMore >>
    A Dededo man is accused of attacking his neighbor after the victim refused to buy him beer. Robinson Reimers is charged with terrorizing with the special allegation of use of a deadly weapon during the commission of a felony, disorderly conduct, and harasMore >>
  • Barnett's dinanche takes first place at Mangilao Donne' Festival

    Barnett's dinanche takes first place at Mangilao Donne' Festival

    Over the weekend, Barnett’s boonie pepper mash condiment took the heat at the Mangilao Donne’ Festival.More >>
    It might not be the biggest, but sometimes it’s the hottest. That’s what KUAM’s Chris Barnett says about the tiny, tongue-stinging donne’ sali he uses in his award-winning donne’ dinanche “Antigu” recipe.More >>
Powered by Frankly