Hotel News

Sheraton Appoints New Travel Sales Manager

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The Sheraton Nassau Beach Resort has appointed André R. Newbold to the newly-created position of business travel sales manager.
Last Updated on Sunday, 04 October 2009 17:31 Read more...
 

New Resort To Have Major Economic Impact On The Bahamas

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A major mixed-use resort project is projected to generate an annual economic impact ranging from $54 million to $90 million for the Bahamian economy, its principals told Tribune Business yesterday, adding that the 291 lot sales they have closed have brought "hundreds of visitors to Long Island".

In a series of e-mailed answers to Tribune Business's questions, Ian Moorcroft, one of the principals behind the Port St George project, earmarked for a site next to Long Island's existing Stella Maris subdivision, said being debt free had been "critical" to its ability to weather the global recession and credit crunch.
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Hotels Struggle With Slower Than Expected September

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There "is no question" that September, traditionally the softest month of the tourism season, was "weaker than expected" for the resort industry, the Bahamas Hotel Association's president said yesterday, who has written to banks and utility companies urging them to work with resort properties experiencing increasing cash flow difficulties.
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Nassau Airport Costs 5-10% Above Rivals

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The redesigned Lynden Pindling International Airport (LPIA) will have been one of the most complicated terminals in the Caribbean to build when completed, the Nassau Airport Development Company (NAD) president and chief executive said yesterday, but will still be cost competitive at only 5-10 per cent above competing hubs.
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BHA President Urges Hotels To Stay Close To Banks and Utilities

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Over the next several months, hotels and tourism-dependent businesses in The Bahamas will continue to feel the brunt of the impact of the global recession, high US unemployment, and a lack of consumer confidence in the United States, our major source of visitors, according to the Bahamas Hotel Association.  While industry competitive data reveals that The Bahamas is holding up well compared to many areas around the world, hotels and tourism-related business are in a vulnerable state and the next several months are crucial to the operations of a number of businesses.

BHA President Robert Sands advises businesses which are experiencing cash flow difficulties to stay in close contact with banks, utility companies, and vendors to work out payment arrangements if necessary during this difficult period.
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