Hotel News

Bahamas Hotels Industry Stabilising

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THE Bahamian hotel industry maintained its "stabilisation" trend during April, Tribune Business has been told, with average occupancies for Nassau/New Providence hotels up by 2.6 percentage points and average daily room rates (ADRs) some 1.1 per cent ahead of 2009 comparatives.
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Baha Mar Gets Loan On 49 Conditions

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Baha Mar has 49 "conditions precedent" that it must fulfill to consummate its $2.6 billion Cable Beach redevelopment, the Prime Minister confirmed to Tribune Business, the most important being to resolve negotiations with Scotiabank over its outstanding $170-$180 million loan.
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No Surcharge For Bahamian Airlines

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Despite recent news of U.S. airlines announcing surcharges for peak travel summer days, two Bahamian airlines will not follow suit and force passengers to dig deeper in their wallets.
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US Court Throws Out Lawsuit Against Ginn Developers

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A US court has thrown out a lawsuit filed against the developers of the $4.9 billion Ginn sur mer project, in which purchasers who spent between $525,900 and $1.37 million on acquiring real estate parcels had alleged fraudulent conspiracy, on the grounds that the Bahamas was the correct jurisdiction in which a court should hear their complaints.
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NIB Briefing Rescheduled For June 3rd

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Please be advised that the National Insurance Board's Meeting with industry planned for Thursday, May 20th, 2010 at 10am at the British Colonial Hilton has been rescheduled for June 3rd, 2010 at 11:00am

We do apologize for any inconvenience caused and look forward to your participation on the new date and time.
Last Updated on Wednesday, 26 May 2010 20:16
 


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