Category: BHA News

New Providence-based resorts are forecasting that average occupancies for the peak March-April period will be 4-5 per cent higher than last year, the Bahamas Hotel Association’s (BHA) president said yesterday, with hotels expecting their profits to improve before witnessing any top line growth.
…Continue readingOccupancy Rise For Hotels During Peak Time

BAHA Mar is appealing a US ruling that completely dismissed its breach of contract and other claims against Harrah’s Entertainment on the grounds that the court “acted contrary to law, the facts and the terms of the parties’ agreements”.
…Continue readingBaha Mar Apealing In Harrah’s Case

THE Bahamas Hotel Association (BHA) is projecting a “slight increase” in room rates and occupancies during February and March during the build-up to the peak Easter season, Tribune Business was told yesterday, with advance bookings “looking better than last year”.
…Continue readingSlight Occupancy Increase For Hotels

Trendline Shows Hotels Moving Towards 2008 Performance Levels

Most of the nation’s hoteliers reported significant declines in key performance indicators in 2009 but expressed considerable optimism in seeing gradual improvements which started during the last quarter of 2009 continuing in 2010 as reported in the Bahamas Hotel Association’s Annual Industry Performance and Outlook survey.
 
“The industry is stabilizing and we are beginning to see increasing levels of confidence by hoteliers and a belief that things are getting better” states BHA President Robert Sands who indicates that “this is most evident in projections for improvements in sales, occupancy, room rates and capital spending as well as a stabilization of employment levels.  When benchmarked against our performance reports of 2008, projections for 2010 show that we are moving in the right direction following a most difficult 2009” adds Sands.
 

…Continue readingTrends Are Looking Up For Hotels

Hundreds of African American travel industry insiders swarming to The Bahamas for an April conference may be the first glimpse of a Tourism strategy targeting billions of dollars coming from that travel market.
…Continue readingBahamas Tourism Targets African American Market

A government minister yesterday told Tribune Business he was “extremely” concerned about the protracted legal battle that has enveloped the South Ocean resort and inhibited its potential $867 million redevelopment, telling Tribune Business yesterday that it further exacerbated the Bahamas’ “asset utilisation problem”.
…Continue readingConcern Over South Ocean Resort

SOME tourism developments that ground to a halt in the wake of the global financial crisis may get a kick-start this year, Prime Minister Hubert Ingraham suggested.

“While foreign direct investment flows into our country have declined, there are new signs that several of the tourism related developments which stalled because of the global recession and international financial crisis are preparing to move forward this year,” said the prime minister last night.
…Continue readingKickstart May Come For Halted Tourism Projects

Investors in a $4.9 billion Bahamas-based mixed-use resort development have accused the developer of becoming “a puppet to give cover” to the refusal of the project’s financial backer to further develop the site, into which real estate investors had pumped $160 million to acquire some 195 lots.
…Continue readingGinn Labeled ‘Puppet’ By Investors

AIR Jamaica is to discontinue flights to the Bahamas, forcing Bahamians to travel through the United States to get to the wider Caribbean.
…Continue readingAir Jamaica Suspend Flights To The Bahamas

A Miami-based private equity firm that specialises in luxury, beachfront resort purchases is in negotiations to acquire the development rights to the previously proposed multi-million dollar Aman resort project on Norman’s Cay in the Exumas, Tribune Business can reveal.
…Continue readingMiami Firm Interested In Norman’s Cay Resort Project