Hotel News

15% Drop in Party Bookings

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Holiday event bookings are down about 15 per cent year-over-year at BahaMar's resorts, the company's vice-president of external affairs said yesterday, while party rental and supply stores are seeing the market teeter both ways.
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Room Revenues Decline For Nassau Hotels

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New Providence's major hotels suffered a 7.4 per cent room revenue drop in October 2009, due to an average $18 daily room rate (ADR) drop, confirming the industry's current pricing weakness despite signs of occupancy stabilisation.
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Graycliff Expand Boutiques To US Airports

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Graycliff is in "very advanced talks" to expand its airport boutique lounge concept to three other major US airports, Tribune Business was told yesterday, an initiative that could yield up to 10 new properties and 150 jobs with the Bahamas-based company having already invested $1 million in its existing network.

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Profits Up 77% For Airport Developer

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The company charged with overseeing Lynden Pindling International Airport's (LPIA) $409.5 million transformation saw its fiscal 2009 net income increase by 76.8 per cent to $10.308 million, with the costs for the redevelopment's final two stages pegged at $127.9 million and $83.5 million respectively.
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Major Eleuthera Resort Needs More Rooms

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A government source has claimed the stumbling block in providing an Eleuthera hotel owner with concessions attached to the Hotels Encouragement Act (HEA), is that the property doesn't meet the minimum qualifications for the benefits.
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