Hotel News

Economic Crisis Battering Bahamas Tourism

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Prime Minister Hubert Ingraham says the most serious impact that the global financial and economic crisis has had on small Caribbean economies, like The Bahamas, has been the downturn in the tourism industry.
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Tourism Suffering Despite Promos and Incentives

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Earnest efforts and promotions to attract visitors to countries in the Caribbean region, including the Bahamas, have so far failed in bringing the number of tourists to our shores to match last year's numbers, Prime Minister Ingraham revealed.

Speaking at the Regional Forum on the Occasion of the Inter-American Development Bank's 50th Anniversary in Port-au-Prince, Haiti on Friday, Mr Ingraham said that despite serious discounting and other incentives offered in the travel and hotel deals, occupancy levels remain well below those achieved last year by all of the Caribbean tourism economies.

And on the employment front, he said, to date the economic downturn has resulted in 2,200 lay-offs in the Bahamas' hotel sector, which amounts to one per cent of the country's entire work force.

Mr Ingraham said that the Bahamas was one of the first countries in the region to feel the effects of the slowing global economy.
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Bahamas Tourism Faces Grim Economic Outlook

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Bahamas' Ambassador Cornelius A. Smith is worried that the "twin pillars" of his country's economy - tourism and offshore banking - are cracking under the global economic crisis and U.S. efforts to close foreign tax shelters.
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Gov't Yet to Empower New Hotel Legislation

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It's unclear what if any new resources the Ministry of Tourism will throw at its Hotel Licensing Unit in an effort to bring as many as 1,000 second homeowners — now treating their properties like hotels — into compliance with the new law. In fact, the department's head tells Guardian Business the government will be largely dependent on the honesty of those proprietors to win what could be millions of dollars in revenue.
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Downtown Tourism Ambassadors Cater To Visitors

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Downtown Nassau visitors are getting personal attention in identifying attractions and having their questions addressed through the corps of Tourism Ambassadors recently organized by the Ministry of Tourism and Aviation.
Last Updated on Friday, 17 July 2009 07:10 Read more...
 


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