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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.
…Continue reading15% Drop in Party Bookings

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.

…Continue readingGraycliff Expand Boutiques To US Airports

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.
…Continue readingProfits Up 77% For Airport Developer

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. …Continue readingMajor Eleuthera Resort Needs More Rooms

A  major conference to support The Bahamas’ small hotel community is being held to help them weather the recession.

The “Small Hotels Working Together for Individual & Collective Success” event is aimed at owners and operators who have 75 rooms and under, and is being hosted by the Bahamas Hotel Association.

A series of workshops and discussions will be held at the Wyndham Nassau Resort on Thursday, December 3 and the key note speaker will be Minister of Tourism & Aviation Vincent

Vanderpool-Wallace, whose speech is titled “Small Hotels: Involvement & Future in a Diversified Tourism Sector”.

…Continue readingSmall Hotel’s Conference

The Ministry of Tourism in conjunction with its industry partners will provide 110 paid apprentice jobs for Bahamians, according to Tourism and Aviation Minister Vincent Vanderpool-Wallace, who yesterday unveiled the first component of the government’s temporary job program.

The announcement came one day after Prime Minister Hubert Ingraham tabled a supplementary appropriations bill in the House of Assembly to fund that program. In total, $14.6 million is budgeted for the scheme which will create approximately 2,500 jobs that will last for six months.

At a press conference at the British Colonial Hilton, Vanderpool-Wallace announced that the Ministry of Tourism and the Bahamas Hotel Association (BHA) will place the selected group in a variety of jobs in the tourism sector for a period of six months.

…Continue readingBHA, Ministry of Tourism Offer 110 New Jobs

The Bahamas Chamber of Commerce and The Bahamas Employers Confederation (BECon) are arming the local business world with low-cost “guerrilla” marketing tools during an interactive workshop on Thursday, November 19.

…Continue readingMarketing Workshop To Help Bahamas Business

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.
…Continue readingHotels Eager For Third Quarter Improvements

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.”
…Continue readingResort Investor To Sue Bahamas Government

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.
…Continue readingEducation Suffering Due to Tourism Investment Success