Hotel News

Major Hotels At 82% Occupancy For April

Print
Occupancy numbers are up by nearly eight percent for the 14 major hotels in New Providence, continuing the positive trend seen in the industry since the beginning of the year.
Read more...
 

Room Occupancies Continue To Increase But Rates Remain Suppressed

Print
According to preliminary statistics released by the Bahamas Hotel Association and The Bahamas Ministry of Tourism, the 14-major New Providence hotels recorded an 81.9% occupancy rate for April 2012 compared to 74.1% in April 2011. Room revenue increased by 3.5% despite a 10.8% increase in room nights sold. A higher revenue figure increase was thwarted by the April 2012 average daily room rate (ADR) of $272.93 that was $17.51 lower than in April 2011.
Read more...
 

Grand Isle Resort & Spa Finalizes Its Transition To 100% Home-Ownership

Print

Grand Isle

Great Exuma, The Bahamas – Grand Isle Resort & Spa has finalized its transition to 100% home-ownership with the sale of 31 remaining villas to Peter Nicholson of Ottawa, Canada.

Nicholson purchased the units from Textron, Inc, the financier who owned the units following default on the part of the original developer. Over time, Nicholson intends to sell most of the units he has purchased, and has already experienced several sales.

Last Updated on Wednesday, 23 May 2012 10:32 Read more...
 

BHA Board of Directors & Membership Meeting

Print
BHA Meet
 

Memorial Weekend Boosts Room Nights

Print
Atlantis is set to enjoy a "several thousand room night" boost this Memorial Day weekend, Kerzner International's Bahamas head yesterday telling Tribune Business that with 85 per cent of tickets already sold, the concert was on track for a sell-out.
Read more...
 


Page 60 of 157