Nassau/PI hotels see 8 revenue rise for August

Sun, Oct 3rd 2010, 11:00 PM

By NEIL HARTNELL

Tribune Business Editor

The major Nassau/Paradise Island hotels continued to see improvements in key financial indicators through August 2010, with revenues and room nights sold some 8 per cent and 7 per cent ahead, respectively, of 2009 comparatives for that month, with "every month putting the industry closer" to achieving pre-September 2008 crash numbers.

Robert Sands, the Bahamas Hotel Association's (BHA) president, said that while the resort industry was "still not" back to business levels seen prior to the Lehman Brothers bankruptcy, it was enjoying "consistent, steady" growth when its performance was matched to 2009 numbers.

"I can te ...

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