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Bahamas tops region for hotel room construction

The Bahamas, Dominican Republic and Puerto Rico lead the Caribbean region in the number of hotel rooms under construction, according to a new report published by Caribbean Journal.

Source:
Date:
Updated:
Caribbbean Journal
Thursday, July 24, 2014
Thursday, July 24, 2014

The Bahamas, the Dominican Republic and Puerto Rico lead the Caribbean in the number of hotel rooms under construction, according to a new report.

STR’s Caribbean/Mexico hotel development report found that the region had a total of 163 hotels and 27,690 rooms in the development pipeline through June.

The Bahamas had 2,706 rooms under construction, followed by the Dominican Republic with 817 rooms, Puerto Rico with 471 rooms and St Kitts and Nevis with 245 rooms.

This is an excerpt from Caribbbean Journal as it appeared on July 24, 2014. For updates or to read the current version of this post in its entirety, please click here.

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Baha Mar has increased the enrollment of its Leadership Development Institute to more than 400 students.

Local accountant Philip Galanis, managing partner of HLB Galanis & Co, says that he is optimistic about economic growth returning to The Bahamas in the next one to three years on the back of the opening of Baha Mar in December, foreign direct investment in the Family Islands and increased tax income. Watch a ZNS Network news report here.

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