March 13, 2023
ROBERT SANDS
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Bahamas wants 2,000 more hotel rooms for ‘good footing’
THE Bahamas’ prospects for continued tourism growth depend on bringing 2,000 hotel rooms, or 15 percent of its total pre-COVID inventory, back on line swiftly with the industry at “maximum capacity”.
Tourism ‘booking pace drag’ over crime alerts
Bahamian hotels yesterday revealed recent crime alerts have sparked “a drag on the booking pace” while a former DNA leader blamed seven cancellations at his vacation rental business on the warnings.
Resort revenue growth relies on 5-7% room rate increases
THE BAHAMAS is relying on a 5-7 percent increase in room rates (ADRs) to drive resort revenue growth in 2024 due to limited opportunities to expand occupancies, a senior hotelier has revealed.
Tourism chief ‘doesn’t see’ US crime travel advisory
The Bahamas is not presently in danger of suffering a US travel advisory over the recent murder spike, a senior hotelier asserted yesterday, adding that it was not yet "a major concern for tourism.
Hotels eye 10% growth for peak winter season
Bahamian resorts are poised for an up to 10 percent year-over-year increase in business volumes for the 2024 first quarter, it was revealed yesterday, with the sector’s “greatest opportunity” still untapped.
Sands: Still room to grow, with Family Islands key
The Bahamas Hotel and Tourism Association president said there is “more room for growth” and that the country should prepare for the consistency of year round tourism especially in the Family Islands.
‘Less dips’: Resort occupancy increases 10% for September
Resort occupancies for September are around 10 percent ahead of prior year comparatives, a senior hotelier revealed yesterday, adding that “we’re seeing less dips and valleys” in the tourism calendar.
NIB rate increase called 'absolute balancing act'
A senior hotelier yesterday urged the Government to be "judicious" with the size of future National Insurance Board (NIB) contribution rate increases as he described the situation as "an absolute balancing act".
Tourism ‘doesn’t need any more’ air fare fees
The Bahamas must work with the airline industry “to put a ceiling” on travel costs to the destination, a senior hotelier is asserting, as this nation “doesn’t need any more taxes” included in ticket prices.
‘Perfect storm of demand’ in 10-15% hotel rate rise
Resorts are enjoying room rates that are 10-15 percent higher than pre-COVID levels because “the perfect storm of demand is working for The Bahamas”, a senior hotelier said yesterday.
Hotels strike ‘glass ceiling’ on 15-20% room shortage
The Bahamas may be unable to fully meet tourism demand for 12-18 months due to a room shortage caused by up to 15-20 percent of available inventory being taken offline, a senior hotelier has revealed.
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