Search results for : rentals
April 03, 2024
Vacation rentals in seven percent room nights sold drop
NASSAU, BAHAMAS — The latest data from the Central Bank show that the total number of room nights sold for short-term vacation rentals declined by just over seven percent in February compared to the same period last year. This comes as police have urged the immediate regulation of the vacation rental market after finding a [...]
Vacation rental listings firm reveals data trends
August 17, 2023
Vacation rental listings firm reveals data trends
Premier Listings Group (PLG), a luxury vacation rentals and real estate listings company which launched last year, has published an analysis of vacation home rental trends for The Bahamas for the period July 2022 to July 2023, that gives tourism stakeholders valuable information on vacation rental trends, the company said in a statement about the data. ...
The post Vacation rental listings fi...
August 01, 2023
WAUSM seeks more rental properties as student population increases
The Western Atlantic University School of Medicine needs more Freeport rental properties to list on its housing database as student enrollment continues to rise.
July 25, 2023
$4M Villa Marina Del Mar opens new rental market for GB
Villa Marina Del Mar is the newest real estate project by Kinetic Capital Ltd. executives Steve Milligan and Anne Meunier, who have spent $4 million to renovate a gated six-unit rental property on Midshipman Road near West Beach Road in Lucaya.
BPL paying "sizeable" sum for rental generation as Wärtsilä engines need auxiliary support upgrades
June 30, 2023
BPL paying "sizeable" sum for rental generation as Wärtsilä engines need auxiliary support upgrades
NASSAU, BAHAMAS — Bahamas Power & Light 's (BPL) Chief Executive Shevonn Cambridge yesterday acknowledged that the auxiliary systems needed to support the efficient utilization of the Wärtsilä engines purchased for $95 million back in 2019 are in need of an upgrade, with the power company currently spending a "sizeable" sum on rental generation supply. [...]
Sweeting: $30k of rental arrears collected as government looks to improve services and areas for public markets
June 13, 2023
Sweeting: $30k of rental arrears collected as government looks to improve services and areas for public markets
AGRICULTURE, Marine Resources and Family Island Affairs Minister Clay Sweeting said his ministry has collected more than $30,000 in rental fees and arrears from vendors at Potter's Cay Dock between January and April this year.
Post Office Box Rental Reminder
December 07, 2009
Post Office Box Rental Reminder
The Postmaster General wishes to remind the public that rental fees for private post office boxes are due and should be paid on or before January 31, 2010.
Persons who rent post office boxes are advised that during the period February 1 to March 31, 2010, they may be allowed to retain their boxes only after payment of a penalty charge of $10.00 in addition to the rental fee.
June 07, 2023
Claims improper practice used in rental of consumer protection office
THE deputy chairman of the Consumer Protection Commission claims improper practices led the government to choose the agency's new rental space, a claim Economic Affairs Minister Michael Halkitis denied yesterday.
June 05, 2023
PAC looks into Consumer Protection Commission agency rental space concern
FREE National Movement Leader Michael Pintard said the deputy chairman of the Consumer Protection Commission expressed concerns to the Public Accounts Committee about the selection process surrounding the agency's new rental space.
May 31, 2023
Short-term rental market surges, one-third increase in total room nights sold
NASSAU, BAHAMAS — The Bahamas' short-term rental market saw further positive trends during the month of April, with the growth in total room nights sold rising by one-third. The Central Bank in its monthly Economic and Financial Developments Report for April noted that in the short-term vacation rental market, data provided by AirDNA revealed further [...]
April 12, 2023
Mario Carey: Extend hotel benefits to Bahamian homeowners for short-term rentals for major economic boost, long-term improvement will affect all sectors
A leading businessman and innovative thinker focused on boosting Bahamian prosperity through entrepreneurship today proposed extending benefits afforded large properties serving the tourist market to individual Bahamian homeowners who demonstrate the ability to offer, maintain and manage satisfactory short-term vacation rentals.
May 02, 2023
DIR vendor seeking compliance from short-term rentals
The Department of Inland Revenue (DIR), through a hired vendor called Avenu, has begun assessing the owners of short-term vacation rental units with a view to bringing them into compliance with the country's tax code, Guardian Business learned yesterday.
April 14, 2023
DIR: Foreigners need business licenses to operate short-term rentals
Acting Controller of the Department of Inland Revenue Shunda Strachan said on Wednesday that while Bahamians do not currently need a business license to operate short-term rentals, foreigners do. She explained that some short-term rental owners have registered as a business, but there are others who rent past 45 days that are not considered short ...
The post DIR: Foreigners need business licenses...
April 12, 2023
Businessman: Extend incentives to Bahamian vacation home rental owners
NASSAU, BAHAMAS — A leading businessman is urging the government to extend incentives in the Hotel Encouragement Act to Bahamian homeowners for short-term rentals. Mario Carey, chairman and founder of Better Homes and Gardens MCR Bahamas, says that the change would not take a slice out of the hotel industry, but help satisfy the demand [...]
Cooper defends bill impacting vacation rental hosts
March 22, 2023
Cooper defends bill impacting vacation rental hosts
Minister of Tourism, Investments and Aviation Chester Cooper contended yesterday that the Tourism Development Corporation (TDC) legislation that was scheduled for debate on Monday, but was postponed at the request of vacation rental owners who asked to be consulted on the bill, is not controversial and encourages the growth of the industry through incentives.
March 22, 2023
DPM: Gov't wants to offer more incentives to vacation home rental sector
NASSAU, BAHAMAS — Deputy Prime Minister Chester Cooper said yesterday that government wants to provide more incentives to support the vacation home rental sector, noting that it presents the fastest way to boost this destination's room inventory and for Bahamians to invest in the tourism industry. Cooper who has ministerial responsibility for Tourism, Aviation, and [...]
March 21, 2023
Vacation rental hosts oppose tourism bill, request debate be suspended
Vacation rental hosts have requested debate be suspended on a bill intended to regulate tourism-related enterprises, stating in a written letter to House Speaker Patricia Deveaux that it lacks industry support.
SUSPENDED: Vacation rental association to consult with gov't on industry recommedations
March 21, 2023
SUSPENDED: Vacation rental association to consult with gov't on industry recommedations
NASSAU, BAHAMAS — Parliament yesterday suspended debate on the Tourism Development Corporation Bill 2023 as an association representing vacation rental owners in the country is seeking to offer its recommendations to the legislation which it says lacked industry consultation. Parliamentarians were set to debate the legislation yesterday. Theofanis Cochinamogulos, Interim President of The Bah...
Rental sector 'being targeted' by govt
March 09, 2023
Rental sector 'being targeted' by govt
PROPERTY owners are disgruntled with the Davis administration's plans to increase tax earnings from the vacation rental sector, claiming they are being targeted by the government.
Resort operator claims significant gov't revenue lost due to "foot dragging" on vacation rental regulation
March 06, 2023
Resort operator claims significant gov't revenue lost due to "foot dragging" on vacation rental regulation
NASSAU, BAHAMAS — An out island boutique resort operator claims the government has lost "a ton" of annual revenue due to dragging its feet for more than five years over the regulation of the short-term vacation rental market. Edwin Mulford, owner of Cat Island's Pigeon Cay Beach Club told Eyewitness News the recent announcement by [...]
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