Hotel News

Occupancy Rise For Hotels During Peak Time

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New Providence-based resorts are forecasting that average occupancies for the peak March-April period will be 4-5 per cent higher than last year, the Bahamas Hotel Association's (BHA) president said yesterday, with hotels expecting their profits to improve before witnessing any top line growth.
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Baha Mar Apealing In Harrah's Case

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BAHA Mar is appealing a US ruling that completely dismissed its breach of contract and other claims against Harrah's Entertainment on the grounds that the court "acted contrary to law, the facts and the terms of the parties' agreements".
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Slight Occupancy Increase For Hotels

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THE Bahamas Hotel Association (BHA) is projecting a "slight increase" in room rates and occupancies during February and March during the build-up to the peak Easter season, Tribune Business was told yesterday, with advance bookings "looking better than last year".
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Trends Are Looking Up For Hotels

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Trendline Shows Hotels Moving Towards 2008 Performance Levels

Most of the nation's hoteliers reported significant declines in key performance indicators in 2009 but expressed considerable optimism in seeing gradual improvements which started during the last quarter of 2009 continuing in 2010 as reported in the Bahamas Hotel Association's Annual Industry Performance and Outlook survey.
 
"The industry is stabilizing and we are beginning to see increasing levels of confidence by hoteliers and a belief that things are getting better" states BHA President Robert Sands who indicates that "this is most evident in projections for improvements in sales, occupancy, room rates and capital spending as well as a stabilization of employment levels.  When benchmarked against our performance reports of 2008, projections for 2010 show that we are moving in the right direction following a most difficult 2009" adds Sands.
 

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Bahamas Tourism Targets African American Market

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Hundreds of African American travel industry insiders swarming to The Bahamas for an April conference may be the first glimpse of a Tourism strategy targeting billions of dollars coming from that travel market.
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