Category: BHA News

BAHA Mar and Scotiabank were last night said to be “close” to a resolution over the latter’s $170 million syndicated loan that financed the developer’s acquisition of the existing Cable Beach properties, sources close to the situation telling Tribune Business that “tremendous progress” had been made.
…Continue readingProgress In Baha Mar’s Loan Discussions

Under this year’s theme – “Business Unusual: Creativity and Innovation” – The Bahamas Chamber of Commerce and The US Embassy is proud to present the 6th Annual Business Development Seminar Wednesday, May 5th 2010 at the British Colonial Hilton Hotel beginning at 8:30am.

Headlining this year’s event is former NBA superstar Earvin “Magic” Johnson, music mogul Steve Stoute and economist Mike Bryant of the Federal Reserve.

…Continue reading2010 Business Development Seminar

Over the past five years over 32 hotel industry scholarships valued at over $100,000 have been awarded to Bahamian students, thanks to the collaborative efforts of the hotel sector and BHA’s work with an industry regional scholarship programs.  The Bahamas Hotel Association and its partner organizations, the Bahamas Hotel Catering and Allied Workers Union, and the Bahamas Hotel Employers Association, are seeking applicants for scholarships available to students and employees wishing to further their education in tourism-related studies.
 
BHA is presently soliciting applicants for the Industry Partners Pat Bain Scholarships. The deadline for submitting applications is Friday, April 30th. 

…Continue readingApril 30 Deadline for 2010 Tourism Scholarship Applications

Negotiations are underway to get even more airlift into the Family Islands, Guardian Business has learned, with recent discussions held between Tourism and Continental Airlines on getting direct airlift into that troubled market.
…Continue readingTourism Aims For More Family Island Airlift

The Bahamian hotel industry should be “at least 50 per cent of the way” to returning to pre-2008 Wall Street crash numbers by year-end if it maintains current performance trends, the Bahamas Hotel Association’s (BHA) president telling Tribune Business the organisation had made several proposals to mitigate the impact of any rise in electricity tariffs.
…Continue readingBahamas Hotels May Fully Recover By Year End

It may take upwards of a year for The Bahamas to see the real effects of the Travel Professionals of Color (TPOC) conference that hosted over 200 travel professionals from the U.S.
…Continue readingTravel Conference to Benefit Bahamas

Albany has managed to weather a financial storm which has claimed around 50 of its competitors around the Caribbean, the development’s managing partner told Guardian Business.
…Continue readingAlbany Resort Survives

The developer of an $857 million Bahamas-based resort project breached a Bahamian Supreme Court order requiring it to hand over the books and accounting records to its development partner, an International Arbitration Tribunal ruling has found.
…Continue readingSouth Ocean Resort Developer Breached Court Order

NASSAU/Paradise Island and Grand Bahama saw a 5 per cent increase in stopover visitor arrivals year-over-year based on preliminary data, the Minister of Tourism and Aviation said yesterday, with March showing a 10-13 per cent increase for both destinations.
…Continue reading5% Stopover Growth For Nassau