Nassau/PI hotels in 11 rate rise

Mon, Oct 11th 2010, 11:00 PM

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 ...

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