Irene Could Lead To Increased Hotelier Investments
The destruction brought on by Hurricane Irene could result in increased investment by hoteliers in the maintenance and upgrading of their hotel properties in some of the Family Islands that were hardest hit by the storm, according to executive vice president of the Bahamas Hotel Association Frank Comito.
His statement came shortly after Prime Minister Hubert Ingraham signed an exigency order (49KB PDF) which allows hotel owners to bring certain goods duty free that would help with their rebuilding efforts.