Hotel News

Emerald Bay Bidder Sues

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U.S.-based Mountain Lake Development Company (MLDC) has filed a $3 million lawsuit against Japan-based Mitsui Corporation and PriceWaterhouse Coopers (PWC) along with several other parties, claiming that the companies have refused to refund the money that was held in escrow as a deposit when it was in the running to buy the Emerald Bay development in Exuma a few months ago.
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Tourism Officials Hope Miss Universe Will Boost Grand Bahama Tourism

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Tourism officials in Grand Bahama are hoping that a number of initiatives launched on the island, including the hosting of several segments of the Miss Universe Pageant in August, will help to boost tourism numbers and thus the ailing economy.
Last Updated on Friday, 24 July 2009 06:08 Read more...
 

Bahamas on Show During Miss Universe Pageant

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The Miss Universe 2009 contest will be held at the Atlantis Resort on Paradise Island, The Bahamas and will be televised around the world.

With a world stage, The Bahamas is sparing no expense in producing a flurry of activities for the contestants and the millions of television viewers.

Find more information on the event highlights of the nearly month-long extravagana.
 

Economic Crisis Battering Bahamas Tourism

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Prime Minister Hubert Ingraham says the most serious impact that the global financial and economic crisis has had on small Caribbean economies, like The Bahamas, has been the downturn in the tourism industry.
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Tourism Suffering Despite Promos and Incentives

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Earnest efforts and promotions to attract visitors to countries in the Caribbean region, including the Bahamas, have so far failed in bringing the number of tourists to our shores to match last year's numbers, Prime Minister Ingraham revealed.

Speaking at the Regional Forum on the Occasion of the Inter-American Development Bank's 50th Anniversary in Port-au-Prince, Haiti on Friday, Mr Ingraham said that despite serious discounting and other incentives offered in the travel and hotel deals, occupancy levels remain well below those achieved last year by all of the Caribbean tourism economies.

And on the employment front, he said, to date the economic downturn has resulted in 2,200 lay-offs in the Bahamas' hotel sector, which amounts to one per cent of the country's entire work force.

Mr Ingraham said that the Bahamas was one of the first countries in the region to feel the effects of the slowing global economy.
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