Category: BHA News

The Bahamas Hotel Association (BHA) is calling for the elimination of the 25 per cent market value investment required under the Hotels Encouragement Act for the renewal of investment incentives.

Its President Stuart Bowe told Tribune Business many small hotels were unable to come up with that much capital to invest in tough economic times.
…Continue readingBHA Calls For Elimination Of Market Value Investment

The Bahamas Hotel Association is hosting its 9th Annual Summer Educators Internship Program in collaboration with the Ministry of Education, Science, and Technology (MOE) and the Ministry of Tourism (MOT).
 
…Continue readingOver 140 Educators Intern This Summer In The Hotel And Tourism Industry

The Bahamas Hotel Association (BHA) has welcomed the Government’s “added thrust” to support local hoteliers and more Bahamian investment in the industry, following its announcement of plans to create more opportunities for Bahamians to own hotels via a national resort development initiative.
…Continue readingHotels Chief Backs Government Push For Bahamian Ownership

Occupancy numbers are up by nearly eight percent for the 14 major hotels in New Providence, continuing the positive trend seen in the industry since the beginning of the year.
…Continue readingMajor Hotels At 82% Occupancy For April

According to preliminary statistics released by the Bahamas Hotel Association and The Bahamas Ministry of Tourism, the 14-major New Providence hotels recorded an 81.9% occupancy rate for April 2012 compared to 74.1% in April 2011. Room revenue increased by 3.5% despite a 10.8% increase in room nights sold. A higher revenue figure increase was thwarted by the April 2012 average daily room rate (ADR) of $272.93 that was $17.51 lower than in April 2011.
…Continue readingRoom Occupancies Continue To Increase But Rates Remain Suppressed

Atlantis is set to enjoy a “several thousand room night” boost this Memorial Day weekend, Kerzner International’s Bahamas head yesterday telling Tribune Business that with 85 per cent of tickets already sold, the concert was on track for a sell-out.
…Continue readingMemorial Weekend Boosts Room Nights