Category: BHA News
Hotel Occupancy Exceeded New Year Expectations
The New Year holiday “exceeded expectations” for many Bahamian hotels as average occupancy rates soared into the 90 per cent range with some days sold out, although the Bahamas Hotel Association’s (BHA) president yesterday cautioned that the sector had to make up considerable ground to return to pre-credit crunch business levels.
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Baha Mar Hotels Open Due To Family Funding
Baha Mar’s two existing Cable Beach resorts are only still open because their owner’s family has used their own money to cover “significant multi-million dollar losses”, particularly over the last two years, something that has made the Izmirlians the “largest private investor in the history of the Bahamas”.
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