Category: BHA News

PROPERTY GROUP Harcourt Developments is said to be considering the sale of a Bahamas resort it bought in 2007 but left undeveloped because of the property market collapse.
…Continue readingBahamas Resort May Soon Be On The Market

The Caribbean Hotel and Tourism Association Education Foundation is Accepting Scholarship Applications for Students, Employees and Educators for their 2011 Awards. 

Thanks to BHA Member support we presently have four Bahamians attending Johnson and Wales and Florida International University under this scholarship program.  The total value of their awards is $54,000.
 
…Continue readingTourism Industry Scholarships Available

After receiving no news from Harcourt Development for some time, the Grand Bahamas government has finally found the officials of the company. Minister of Finance Zhirvago Laing with Royal Oasis Hotel owner the Harcourt Group are in talks with parties over interests in a piece of dormant property that has been inactive since September of 2004.

…Continue readingGovernment Negotiating To Revive Grand Bahama Resort

Kerzner International Resorts Inc., owner of several high-end vacation spots, including the sprawling Atlantis resort in the Bahamas, has tapped a cadre of restructuring advisers to help rework nearly $3…Continue readingDebt Due-Date Looms for Kerzner

Baha Mar yesterday finalized its financing agreement with the Chinese Export-Import Bank, clearing the way for the immediate launch of the $2.6 billion project.
…Continue readingBaha Mar Finalizes Financing With Chinese Bank

Increased competition and demand for ‘value deals’ has prevented major Bahamian hotels from increasing their average daily room rate (ADR) to pre-recession levels, the Bahamas Hotel Association (BHA) president yesterday saying they were down on average by $15-$16, as he warned: “There’s no silver bullet.”
…Continue readingNo Silver Bullet For Hotel Sector Recovery

A new “layman’s” manual on the implications of the Economic Partnership Agreement (EPA) for the Caribbean tourism industry has suggested the trade deal “will not have the beneficial effect which was hoped for” in the area of import duty reductions, as 75 per cent of all goods commonly imported by the industry will see no tariff reductions.
…Continue readingBHA Committed To Benefitting From EPA Opportunities