Hotel News

PokerStars In The Cards For Atlantis

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Atlantis is staking its claim to become the location of one of the largest poker tournaments in the world, hosting the annual PokerStars Caribbean Adventure (PCA) this year and for the next two years to come.
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New US & Caribbean Routes Planned For Bahamasair

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The national airline of The Bahamas is planning more expansion in 2010 with new routes and extra services to the Southern United States and the Caribbean.
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Steiner-Leisure Completes $100 Million Spa Deal

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Nassau-based Steiner Leisure Limited has announced that it has completed the $100 million acquisition of all of the issued and outstanding capital stock of Bliss World Holdings, Inc.

The company announced back in November that it had entered into an agreement with Starwood Hotels & Resorts Worldwide to purchase Bliss, a spa and skin care company with free-standing and hotel spa locations, offering services and products under the "Bliss" and "Remede" brands.
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Proposed UK Air Tax Concerns BHA

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The Bahamas Hotel Association (BHA) is conceding the region was unsuccessful in averting a proposed UK Air Tax hike that may slash traffic from that destination — yet is still hopeful of being reclassed in a less onerous category.

According to the BHA's 2009 Activity Report, efforts to advocate for the elimination or reduction of a proposed United Kingdom Air Passenger Duty increase on all flights winging their way into the country were fruitless, given the increases were implemented last November.

"The BHA sought the Bahamas government's support for the elimination or 're-banding' of The Bahamas and the Caribbean to reduce the impact," read the report.

"It was unsuccessful and the increases took effect November, 2009.

"There's still chance for change to 're-band' the region."

The statements refer to proposed increases contained in the UK's Finance Bill before that nation's parliament, which took effect last November. It means all passengers winging their way to the Caribbean will be required to pay a minimum of $100 for economy travel and twice as much for any higher class of travel. The fee can be lowered depending on the distance between the UK and the respective country, or which 'band' a nation falls in.

The Bahamas currently falls in a band with the rest of the Caribbean, which has been categorized a farther band than the US. It's a situation translating into higher priced flights for visitors to The Bahamas. The price hike could essentially compromise the Ministry of Tourism's efforts to grow the number of UK travelers with the addition of mid-priced hotels on the Cable Beach strip and around the country.

Still, Tourism's Director General Vernice Walkine suggested in an earlier interview that The Bahamas stood a good chance at withstanding any havoc wreaked by the UK's air tax hike.

"We still have enough of an image in the UK and we're still somewhat aspirational," she told Guardian Business.

"There are those that despite the increase will chose to visit the islands of The Bahamas, who find the kind of product we have is premium and will come."

Source: The Nassau Guardian
 

Ginn Sur Mer Investors Sue Credit Suisse

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NEW YORK CITY-Claiming that the two companies conspired to inflate values with the idea of eventually taking over the properties, investors in four high-end resorts in the US and the Bahamas have filed a class-action suit against Credit Suisse and Cushman & Wakefield, according to published reports. The complaint, filed Sunday in federal court in Boise, ID, seeks up to $24 billion in damages, including $16 billion in punitive damages.
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