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Hotel Group Begins Rapid Growth
A group of investors have formed a new company aiming to acquire or build up to five boutique properties in the Family Islands over the next several years.
2009 Energy Conference & Bahamas Business Expo
The Bahamas Chamber of Commerce in partnership with The U.S. Embassy Nassau and The Bahamas Hotel Association will host the 2009 Energy Conference & Bahamas Business Expo to take place November 12-14, 2009 at The Sheraton Nassau Beach Hotel.
Nassau/PI hotels see 8 revenue rise for August
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 ...
Hotels: 2/3 incur net loss in 2010
By NEIL HARTNELL
Tribune Business Editor
Almost two-thirds of Bahamian hotels, some 63 per cent, expect to incur a net loss once their audited financials for 2010 are completed, a Bahamas Hotel Association (BHA) survey has revealed, although between 60-70 per cent of resorts said key performance indicators were expected to either slightly improve or remain flat in 2011.
With the BHA's 2010 review and tourism outlook survey, a copy of which has been obtained by Tribune Business, indicated some modest optimism and confidence was returning to the Bahamas' main private sector industry and employer, the results also showed that out of the 30 properties polled, some 60 per cent - 18 - rate ...
Hilton Eyes Second Hotel In Bahamas
The Hilton Worldwide brand is eyeing other islands in The Bahamas, as its New Providence location has served it well over the years.
Choice Hotels International Supports Caribbean Hotel And Tourism Showcase
SILVER SPRING, Maryland - Choice Hotels International, Inc. (NYSE: CHH
)
is putting its weight behind the region's premier travel and tourism
trade convention, by sponsoring Caribbean Marketplace, opening at the
Montego Bay Convention Centre in Jamaica this Sunday, January 16.
Jose
Salvador Icaza, Director of Caribbean Franchise Development and
Emerging Markets of Choice Hotels International, and Bill Clegg,
Regional Vice President of Brand Performance and Programs, will lead the
Choice Hotels team at the trade convention which is produced by the
Caribbean Hotel and Tourism Association (CHTA) under the theme "
All Tourism, All Caribbean, All Business."
Nassau/PI hotels in 11 rate rise
By NEIL HARTNELL
Tribune Business Editor
Hotels in Nassau/Paradise Island saw their average daily room rates increase by 11 per cent during the 2010 second quarter, but the Bahamas Hotel Association (BHA) president warned not to read too much into those figures, pointing out that this had been matched by cost increases with the sector currently in the middle of its traditionally weakest period.
Robert Sands told Tribune Business that when it came to assessing Bahamian industry performance it was impossible to "look at just one side of the scale", pointing out that besides costs, indicators such as average occupancy and total revenues also needed to be factored in.
While the 2010 th ...
African American Hotel General Managers To Be Honored At The Televised 2012 Trumpet Awards In Atlanta
Fort Lauderdale, FL……. The National Association of Black Hotel Owners, Operators and Developers (NABHOOD) is pleased to announce that the Trumpet Awards Foundation will honor at their 20th Annual Trumpet Awards on January 7, African American General Managers who operate full-service hotels and have demonstrated through their commitment and hard work that they are leaders in the hospitality industry.
NASSAU/PI HOTELS SEE 'BEST DECEMBER EVER'
By NATARIO MCKENZIE
Tribune Business Reposrter
nmckenzie@tribunemedia.net
NASSAU/PARADISE Island hotels recorded "the best December ever" in 2011, according to Tourism and Aviation Minister Vincent Vanderpool-Wallace, who said yesterday that air arrivals for December were up 7.1 per cent.
Speaking at a press conference at the Caribbean Hotel and Tourism Association's (CHTA) Caribbean Marketplace summit, Mr Vanderpool Wallace said: "We began to see an uptick in our business very strongly as of November of last year and December.
"In a number of metrics we had the best December ever in terms of room revenues in the Nassau Paradise Island areas."
He added: "In December ...
HOTELS TO 'BEAT' TARGETTHROUGH 10 GROWTH
By NEIL HARTNELL
Tribune Business Editor
and NATARIO McKENZIE
Tribune Business Reporter
nmckenzie@tribunemedia.net
THE Bahamian tourism industry is set to "exceed" 2012 first quarter/Easter performance forecasts, with some hotels seeing 10 per cent year-over-year growth and inbound airlift capacity up 12 per cent for the first half.
Describing the sector's performance as "very solid", Vincent Vanderpool-Wallace, minister of tourism and aviation, said his ministry was "scrambling" to find hotel rooms to accommodate the influx of visitors expected for the Carifta swimming championships, which are set to take place over Easter.
Pointing out that heightened demand had ...























