August 25, 2010
By NEIL HARTNELL
Tribune Business Editor
THE Nassau/Paradise Island resort industry is "60 per cent of the way back" to pre-September 2008 levels on revenue generation and occupancies, the Bahamas Hotel Association's (BHA) president said yesterday, telling Tribune Business he estimated the sector would return to pre-recession numbers by the 2011 second quarter.
Robert Sands, who is also Baha Mar's senior vice-president for external and governmental affairs, told this newspaper that while the Bahamian hotel industry was expecting to continue its year-over-year improvements through the August-November period, albeit at a smaller margin compared to the first seven months of 2010 ...
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