Category: BHA News

Bah Mar could finalise a $2.5 billion loan agreement with its Chinese partners for the Cable Beach redevelopment “within the next week”, Tribune Business was told yesterday, with the developer also moving to conclude talks with Scotiabank on its original $170 million syndicated loan.
…Continue readingBaha Mar To Close $2.5B Financing Agreement

With the conclusion of a $2.5 billion loan agreement for the Baha Mar project said to be imminent last night, Tribune Business can reveal that another Chinese-led investor group is eyeing a multi-million dollar resort project for Grand Bahama, complete with potential cruise port.
…Continue readingChinese Investors Eye Freeport Mega Resort Project

THE Bahamas Electricity Corporation’s (BEC) controversial new Abaco power plant was moved from its preferred location to prevent it negatively impacting a proposed $160 million “residential and resort” project, government documents obtained by Tribune Business have confirmed.
…Continue readingTourism Development Forced BEC Abaco Plant’s Move

The Bahamian travel and tourism industry is projected to contract by 4.1 per cent during 2010, the World Travel & Tourism Council (WTTC) has projected, but its long-term projections for the sector’s 3.4 per cent annualised growth over the next decade have been backed by leading industry figures.
…Continue readingTourism Projected To Decline 4.1%

Important Energy Savings Information Shared with Hoteliers

The results are in from a first round of energy audits recently conducted on hotels in The Bahamas and Jamaica and they reveal that many hotels can save 25-30 percent of their energy costs by putting in place practical short and long-term improvements and efficiencies to their operations according to global energy efficiency experts who conducted the audits.

The audits were conducted in cooperation with the Bahamas Hotel Association (BHA) as part of a regional project supported by the Inter-American Development Bank’s Greenpyme program.  The program is funded by the IDB Inter-American Investment Corporation (IIC) and headed by Carlos Serrano who was recently in The Bahamas for a workshop with participating hoteliers.
…Continue readingHotel Energy Consumption Can Be Reduced Significantly

The Bahamian hotel industry is targeting “small baby steps” of 2-3 per cent monthly improvements in business levels to carry it back towards pre-recession status, Tribune Business has been told, and the sector would have been “further ahead” but for the negative impact February’s bad weather had on US airlift.
…Continue readingBahamas Hotels Anticipate Small Improvements

A new KPMG survey is revealing The Bahamas has lost ground to competing destinations in the Caribbean as they aggressively move to better appeal to the pocketbooks of a growing number of travel golfers.
…Continue readingGolf Tourism Below Par

Visitor air arrivals throughout The Bahamas declined by 10 percent during the normally busy month of December, even as total visitors to the country improved by 5 percent.
…Continue readingBahamas Air Arrivals Drop In December 2009

A retirement research team has ranked Exuma’s February Point Resort Estates as the best retirement community in The Bahamas – something hotel executives are not that surprised over given the recent 100 percent jump in sales activity.
…Continue readingBahamas Resorts Ranked For Retirement

Baha Mar’s $2.6 billion Cable Beach redevelopment project was yesterday said to be “back on track” and targeting an early second quarter 2010 agreement close with its Chinese partners, with completion of the project financing now the major focus.
…Continue readingBaha Mar Plans Deal Close For 2010 Q2