Search results for : rentals
PM: Rental of Town Centre Mall a 'gift' to govt
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. [...]
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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 [...]
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Tourist robbed of rental scooter on West Bay Street
Tourist robbed of rental scooter on West Bay Street
A MALE tourist was robbed of a rental scooter while at West Bay Street, police said.This incident occurred less than three weeks after two tourists were robbed in the same area.Although Sunday's robbery follows what has appeared to be a cluster...
Shanty town team identifies 200 rental units for housing
MORE than 200 rental units have been identified and logged as alternative housing for evicted shanty town residents, according to an official with the government's Shanty Town Action Task Force.This was disclosed yesterday by Colin Wright, chairman...
Minnis: New government complex will reduce 50 million annual rental bill
Government hopes to relieve itself of a $50 million-per-year bill for rental space, through the construction of a multi-use government complex at the old City Market building on Market Street. The announcement was made by Prime Minister Dr. Hubert Minnis in the House of Assembly [...]
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Govt to inform vacation rental owners of their obligations soon
While government met last year with Airbnb to establish how the online booking company would pass on tax collected through its website to the Department of Inland Revenue, Tourism Minister Dionisio D'Aguilar said vacation rental owners should already have a relationship with the Department of [...]
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Young Entrepreneurs Self-Drive Truck Rental Business Fleet Grows Five-fold in One Year
Talk to Timothy Smith, Danny Lowe or L. Rashad Major, ask them how business is and you don?t even have to wait for words, the smile on their faces tells all...
Self-drive truck rental business fleet grows five-fold in one year
Talk to Timothy Smith, Danny Lowe or L. Rashad Major; ask them how business is, and you don't even have to wait for words - the smiles on their faces tell all. One year after the trio and a silent partner launched EZ Haul, a [...]
Rental car fraudsters ordered to pay company back
Rental car fraudsters ordered to pay company back
THREE men who admitted fraudulently obtaining Hyundai vehicles from a local car rental company last month have been ordered to reimburse the company the amount of funds they swindled. Akeem Storr, Sean Bain and Sean Roberts stood before Chief Magist
Grand Bahama a better fit than NP for vacation home rentals, says GB tourism executive
Airbnb, the vacation home rental giant, could be a huge success on Grand Bahama, since the island has an ideal accommodations system already in place for visitors looking for something outside of the average hotel experience.
Director of Tourism in Grand Bahama Betty Bethel explained that Grand Bahama has a "very healthy" timeshare component within the mix of accommodations available on the island...
Hotels and vacation rentals: leveling the playing field
Dear Editor,
Listening to the minister of tourism chirping on about parity for the hotel owner and the vacation home rental owner following the execution of an agreement with Airbnb, apart from the payment of taxes, I wonder where is the level playing field? Also what about home owners who rent without being affiliated with Airbnb?
Hotels benefit from the Hotels Encouragement Act, and as a result...
Tourism Signs MOU with Airbnb to Regularize Vacation Home Rentals
The Bahamas Ministry of Tourism and Airbnb signed a Memorandum of Understanding to regularize vacation home rentals and enhance promotion of this important tourism sector. The agreement was signed during a press conference at the Ministry of Tourism and Aviation on Wednesday, August 9, 2017...
PUBLIC NOTICE-BTC's Fixed Line Phone Equipment Rental Policy
BTC advises that effective August 17th 2017, there will be a Rental and Insurance fee of $1.25 m monthly for fixed line phone/equipments...
Minnis: Appropriate tax soon for vacation home rentals to level the playing field
Government has reaffirmed its commitment to properly regulate vacation home rentals - which includes homes listed on popular website Airbnb - with Prime Minister Dr. Hubert Minnis stating that these types of operations have been operating outside of The Bahamas' regulatory environment for years.
Minnis, who was speaking at the Bahamas Hotel and Tourism Association's Board of Directors and Membersh...
Chamber CEO: Vacation rental sector in need of regulation
CEO of the Bahamas Chamber of Commerce and Employers' Confederation (BCCEC) Edison Sumner asserted the need for regulation and accountability in the country's vacation rental business.
Sumner told Guardian Business recently that any sector operating without regulation is considered a part of the informal economy.
"The chamber does not support operations in the informal economy," he said.
There are...
CTO, Airbnb developing policy on online short-term rentals sector
The Caribbean Tourism Organization (CTO), the region's tourism development agency, recently signed a landmark agreement with Airbnb to develop a set of policy principles and recommendations on the online short-term rentals sector for Caribbean governments and other stakeholders.
Guardian Business found at least 300 listings on Airbnb for The Bahamas. The CTO said there could be as many as 60,000 o...
Tourism committee to look at benefits, regulation of vacation home rental sector
The Bahamas Hotel and Tourism Association (BHTA) has put together a committee to look into the benefits and possible regulation of the vacation home rental industry in The Bahamas, the association's president, Carlton Russell, revealed to Guardian Business in a recent interview.
Russell suggested that there is an obligation to level the playing field in the hospitality industry, as online platform...
Real Estate Novice Sets Record-13 Rentals in 15 days to win Better Homes & Gardens Rookie of The Year Rental Award
Real Estate Novice Sets Record-13 Rentals in 15 days to win Better Homes & Gardens Rookie of The Year Rental Award
Tiny Samia Donaldson is making a giant name for herself in real estate, racking up rental records at a dizzying pace ? 13 signed residential and commercial property contracts in 15 days ? and earning an award along with loyalty among lessors and lessees...
Carey: Booming vacation home rentals market a golden opportunity for Bahamians
Government should encourage the development of vacation home rentals advertised on globally renowned websites such as Air BNB as an entrepreneurial endeavor, a prominent realtor told Guardian Business recently. However, the sector needs to be properly regulated and taxed, he said.
Mario Carey, owner of Mario Carey Realty, said these kinds of properties could encourage entrepreneurship while also e...