GVB Audit: Arrivals Up to 1.17 Million in FY 2010, An Increase of 11.2%


Guam – Guam recorded 1,170,857 arrivals during Fiscal Year 2010. That is an increase of 11.2% from the previous year when arrivals fell 10.7%.

The increase is recorded in the latest audit released by the Office of Public Accountability which examined the Guam Visitors Bureau’s financial results for FY 2010.

Read the GVB audit highlights           

The independent audit was conducted by Deloitte & Touche which gave GVB and unqualified, clean opinion on compliance and internal controls. There were no findings.

The auditors report that the 11.2% increase in arrivals exceeded GVB’s expectations and came despite a weak global economy and continuing economic and political uncertainties in Japan.

Collections from the Hotel Occupancy Tax also jumped 11.9% rising from $19.4 million in FY 2009 to $21.7 million last fiscal year.