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Annual BHA report highlights profitability challenges with particular need to boost value proposition

Nearly three-quarters of hoteliers expect revenue gains this year and most continue to invest heavily in capital spending, according to the annual report from the Bahamas Hotel Association (BHA).

…Continue readingSurvey Finds 72% Of Hoteliers Expect Revenue Gains

Work will begin on the restoration of Pompey Museum by the end of March, with work on the adjoining Pompey Square completed by the end of summer, revealed Minister of Youth, Sports and Culture Charles Maynard yesterday.

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U.S. Currency and Monetary Instruments Reporting Requirements
 
The U.S. Embassy would like to remind travelers that, while it is legal to transport any amount of currency and/or other monetary instruments into or out of the United States, a traveler who is departing on a pre-cleared flight to the United States from Lynden Pindling International Airport in Nassau or Grand Bahama International Airport in Freeport, and who is transporting, attempts to transport, or causes to be transported, currency and/or other monetary instruments in an aggregate amount exceeding U.S. $10,000 (or an equivalent amount in foreign currency) at one time, must report such amounts to U.S. Customs and Border Protection (CBP) and file a Report of International Transportation of Currency or Monetary Instruments (FinCEN 105) with CBP prior to departure. 

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The Nassau/Paradise Island hotel industry is hoping to enjoy “a modest increase in all key metrics” for January and the 2012 first quarter, the Bahamas Hotel Association’s (BHA) president last night pointing out that this nation’s average daily room rate (ADR) climb back was “not as challenging” compared to rival destinations.
…Continue readingHotels Target ‘Modest Increase’ For 2012 Q1

The Nassau/Paradise hotel industry is aiming to “hoist” average daily room rates (ADRs) in 2012 to drive further room revenue increases, as nights sold and room revenue in December 2011 increased by 5.1 per cent and 6.5 per cent respectively year-over-year.
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February 2, 2012 at 9:30am
Salon IV, Wyndham Nassau Resort

Meeting will include discussions on…

…Continue readingBHA Board of Directors and Membership Meeting

According to preliminary statistics released by the Bahamas Hotel Association and The Bahamas Ministry of Tourism and Aviation, the 14-major New Providence hotels showed continued improvement in December, with increases in several key metrics.  These improvements helped to counter weather-related impacts last January and in August, September and October, resulting in marginal increases in occupancies, room revenue, average daily room rate (ADR) and revenue per available room (RevPAR) in 2011.…Continue readingMajor Hotels Report Marginal Improvement

The Bahamas could play host to the Caribbean Hotel and Tourism Association’s (CHTA) Caribbean Marketplace summit again next year, the organisation’s president, Josef Forstmayr told Tribune Business, describing feedback from this year’s event as “very positive.”
…Continue readingBahamas May Host Marketplace Again In 2013