The president of the Bahamas Hotel Association (BHA) said yesterday that Bahamians own 30 per cent of this country’s aggregate room inventory in the form of small hotels, contrary to popular belief.
An international developer is hoping to create hundreds of jobs at an “iconic” luxury resort on Exuma. with a project which could represent up to $140 million of investment in The Bahamas. …Continue readingExuma Resort Investment Under Negotiation
Atlantis has come up with a star formula for driving up its business, using big name entertainment acts to boost numbers in the wake of a recession-fuelled drop in conference bookings.
Today is the first official day of operation for the former Isle of Capri casino in Our Lucaya, Grand Bahama under the management of Treasure Bay, according to the Minister of Tourism and Aviation Vincent Vanderpool-Wallace. …Continue readingGrand Bahama Casino Under New Management
The Nassau Airport Development Company (NAD) yesterday said approval had been granted for it to remove the two secondary security checkpoints on the US Departures lounge’s upper levels, freeing up more than 7,000 square feet for extra seating and retail options. …Continue readingUS Approves Removal of Airport Security Checks
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. …Continue readingRoom Revenues Decline For Nassau Hotels
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. …Continue reading15% Drop in Party Bookings