Search results for : Vacation Homes
Many shanty town residents not ready to vacate homes
July 10, 2018
Many shanty town residents not ready to vacate homes
DESPITE an extension to the government's eviction deadline for shanty town residents in New Providence, many of them yesterday said they are still not in a position to vacate their homes and adhere to the deadline...
July 31, 2018
Central Bank: Vacation home rentals to be given 'heightened' attention
The Central Bank of The Bahamas (CBOB) said in its June Monthly Economic and Financial Developments (MEFD) report that "heightened attention" will be given to vacation home rentals in order to ensure those offerings are of a quality fitting for the tourism market. The report [...]
The post Central Bank: Vacation home rentals to be given 'heightened' attention appeared first on The Nassau Guardian.
August 10, 2018
Hotel union boss says increased vacation home rentals bad for hotels
Although he is happy there has been an uptick in stopover visitors to The Bahamas this year, President of the Bahamas Hotel Catering and Allied Workers Union (BHCAWU) Darrin Woods said he's concerned about the increase in tourists choosing vacation homes over hotels and resorts. [...]
The post Hotel union boss says increased vacation home rentals bad for hotels appeared first on The Nassau Guardi...
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 [...]
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 [...]
May 09, 2022
'Ultra–sustainable' vacation home community set for Exuma
Construction is expected to begin this month in the Exumas on an "ultra-sustainable" vacation home community offering solar-powered residences and carbon neutral solar yachts. Silent Resorts and EcoIsland Development announced in a press statement the development of Club Ki'ama Bahamas, which will be located on Elizabeth Island. Minster of Tourism, Investments and Aviation Chester Cooper...
Vacation home market already paying its fair share
August 15, 2019
Vacation home market already paying its fair share
The business section of your newspaper on August 9, had an article on Carlton Russell’s views on the need to tax the vacation home rental market...
July 24, 2019
Report: Top vacation home rental performers in South Abaco, Harbour Island
The top vacation home rental performers can be found in South Abaco and Harbour Island with an annual income – in the case of Abaco – of $300,000 and average daily rate (ADR) of $2,500, according to Engel and Volkers Bahamas’ 2019 vacation rental report.
July 01, 2019
Vacation home rental market continuing positive trend
The upward trend in visitor arrivals to The Bahamas continued in May, according to the Central Bank of The Bahamas' (CBOB) Monthly Economic and Financial Developments (MEFD) report for May, adding that the growing short-term vacation home rental market continued its positive trend. According to [...]
Strong tourism numbers equate to increase in vacation home buyers throughout The Bahamas
April 24, 2019
Strong tourism numbers equate to increase in vacation home buyers throughout The Bahamas
A record 6.6 million tourists visited The Bahamas in 2018, a 7.9 percent increase over the previous year. Additionally, Nassau experienced its largest increase in air arrivals in more than two decades, logging a 20.6 percent increase in inbound flight traffic. "The year 2018 was [...]
The post Strong tourism numbers equate to increase in vacation home buyers throughout The Bahamas appeared first ...
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