Hotel News

Education Suffering Due to Tourism Investment Success

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Foreign Direct Investment (FDI) demands more resources and tax exemptions than the Bahamas and other Caribbean countries ought to give away, while redirecting revenues away from sectors that need them, such as education, a former finance minister has argued.
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Resort Investor To Sue Bahamas Government

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A Bahamas-based investor who has injected $22 million into his resort project over the last two years is preparing to file a legal action against the Government "early this week", amid fears it will not honour his Heads of Agreement, and said: "I feel as if the rug has been pulled out from under us."
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Hotels Eager For Third Quarter Improvements

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The Bahamian resort industry is "hoping and praying" that a sustained business recovery will come "no later than the third quarter next year", with occupancy and room yields under sustained pressure due to the weakness in group business.
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Bahamas Hotels See Small September Boost

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A slim upturn in the Bahamas hotel trade shown in September's figures has been cautiously welcomed by the Bahamas Ministry of Tourism and Aviation and the Bahamas Hotel Association.
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Researching Alternative Energy Sources Until 2016

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The Government could continue research on finding the best alternative energy sources for the Bahamas' into 2016, the director of the Bahamas Environment, Science and Technology (BEST) Commission said yesterday, while six of this country's first possible alternative energy providers have now been selected from a list of 13.
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