Category: Hotel News

A Credit Suisse-led lending syndicate’s development plans for the $4.9 billion Ginn sur mer project persuaded the Government to grant its request for a 10 percentage point Stamp Tax break, the Prime Minister revealing that some $505 million has been invested in the project to date.
…Continue reading$505 Million Invested In Ginn Development

Nassau Airport Development Company (NAD) officials have joined other Bahamian tourism stakeholders at the 17th annual World Route Development Forum in Berlin, Germany. The conference brings together more than 2,500 airports, airlines and tourism partners for one-on-one talks on air service development.
…Continue readingAirport Executives Aim To Boost Airlift

More businesses expected to apply as Exigency Order praised by BHA

Since Hurricane Irene ravaged parts of The Bahamas, more than $170,000 worth of reconstruction supplies have entered the country with $42,705.87 in duty waivers. In excess of 65 applications made to NEMA! so far.
…Continue readingIrene Duty Exemptions Hit $42,000

As the first cohort for the Master’s program, seven Bahamians received degrees at Oxford and will apply their skills to the industry

Surrounded by the grandeur of Oxford University, seven leading Bahamians in the hospitality industry made history as the country’s first graduates in the Master’s of Management, Hospitality and Tourism program – the only cohort where all members achieved distinction or credit.
…Continue readingBahamas Trailblazers’ Graduate In Style

Large hotels in the Nassau and Paradise Island market are seeing mixed results this year, squeezing a 1.7 percent increase in room revenues out of a 1.1 percent fall-off in occupancy through to August.
…Continue readingHotel Industry Fortunate To Have Marginal Improvements

“All indicators” for the Nassau/Paradise Island hotel industry would have shown year-over-year improvement for August had it not been for a “seven point” occupancy decline sparked by Hurricane Irene, the Bahamas Hotel Association’s (BHA) president said yesterday.
…Continue readingHurricane Irene Sparks Seven Point Occupancy Decline

A WELL-KNOWN tourism executive expressed hope the Government would “go further” than the industry’s proposed changes to this nation’s casino gaming regulations, telling Tribune Business that reform was “extremely important” for the Bahamas’ competitiveness in this sector.
…Continue readingGaming Reforms Critical To Sector Competitiveness