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News & Press - Nov 14/19

 

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PM opens Bahamas Embassy in Brussels

Prime Minister Dr Hubert Minnis arrived in Brussels, Belgium, yesterday to officially open The Bahamas Embassy and Mission to the European Union. 

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TheBahamasInvestor.com
Wednesday, November 13, 2019
Wednesday, November 13, 2019

Prime Minister Dr Hubert Minnis arrived in Brussels, Belgium, yesterday to officially open The Bahamas Embassy and Mission to the European Union.

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CTO: 16.7m cruise passengers visit region so far in 2019

The Caribbean region received a record 16.7 million cruise passenger visits during the first six months of 2019, according to the Caribbean Tourism Organization. That was 1.3 million more than for the same period in 2018 which posted 15.4 million visits. The Bahamas had the most cruise passenger visits at about 2.8 million. Pictured: The Disney Magic sails from Galveston, Texas. (PR Newswire Foto/Matt Stroshane)

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Cruise Industry News
Tuesday, November 12, 2019
Tuesday, November 12, 2019

November 12, 2019 (Cruise Industry News) – The Caribbean received a record 16.7 million cruise passenger visits during the first six months of 2019, according to the Caribbean Tourism Organization (CTO). That was 1.3 million more than for the same period in 2018 which posted 15.4 million visits.

The biggest increase year-over-year came in January, which was up 18 percent, the CTO stated. After that the growth rate decreased in February and March, to jump up again in April. May and June saw a more moderate pace as well.

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This is an excerpt from Cruise Industry News as it appeared on November 12, 2019. For updates or to read the current version of this post in its entirety, please click here.

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DPM addresses accountants seminar

Deputy Prime Minister and Minister of Finance Peter Turnquest gave remarks at yesterday's Seminar on Disaster Response held by the Bahamas Institute of Chartered Accountants in Nassau. Read his full comments here. 

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TheBahamasInvestor.com
Tuesday, November 12, 2019
Tuesday, November 12, 2019

Deputy Prime Minister and Minister of Finance Peter Turnquest ave remarks at yesterday’s Seminar on Disaster Response held by the Bahamas Institute of Chartered Accountants (BICA) in Nassau.

Good Morning
Congratulations on the start of another Accountant’s Week. I pray that you will have a successful period of networking, learning and fun (yes Accountants can have fun)!

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Tourist bookings for winter season remain strong

A study, undertaken by ForwardKeys, the travel analytics firm, has revealed that forward bookings for the Caribbean region for the winter season, November 1 to January 31, are currently 1.6 per cent ahead of where they were at the equivalent point last year. Pictured: (from left) Joy Jibrilu, director general of tourism; Dominic Fedee, chairman, Caribbean Tourism Organization and minister of tourism for Saint Lucia; and Olivier Ponti, vice president, Insights ForwardKeys. (MOT Photo/unattributed)

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Ministry of Tourism
Friday, November 8, 2019
Friday, November 8, 2019

ForwardKeys logoA study, undertaken by ForwardKeys, the travel analytics firm, has revealed that despite the recent ravages of hurricane Dorian and other huge storms in the Caribbean, tourism will continue to grow.

The results of the study were presented at a Caribbean Tourism Organization-organised news conference at the recent World Travel Market.

Forward bookings for the important winter season, 1stNovember to 31stJanuary are currently 1.6% ahead of where they were at the equivalent point last year.

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This is an excerpt from Ministry of Tourism as it appeared on November 8, 2019. For updates or to read the current version of this post in its entirety, please click here.

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Holt Financial formally announced at the beginning of the month the launch of its new digital finance platform. The platform provides users with a secure medium to convert cash to cryptocurrency and store multiple currencies. 

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TheBahamasInvestor.com
Friday, November 8, 2019
Friday, November 8, 2019

Holt Financial logoHolt Financial formally announced at the beginning of the month the launch of its new digital finance platform. The platform provides users with a secure medium to convert cash to cryptocurrency and store multiple currencies.

“Our digital financial solutions are the natural response to a world in which banks and financial institutions are becoming increasing mobile and digital,” says Brendan Holt Dunn, chief executive officer of Holt Financial. “And it comes with the personalization, convenience and ease of use that consumers have come to expect from contemporary digital services.”

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Minister of State for Grand Bahama Kwasi Thompson welcomed the president of Carnival Cruise Line, Christine Duffy, along with other top executives during a courtesy call November 6. 

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TheBahamasInvestor.com
Thursday, November 7, 2019
Thursday, November 7, 2019

Carnival executives pay courtesy call on Minister for GB

Pictured: President of Carnival Cruise Line, Christine Duffy (left) with Minister of State for Grand Bahama Kwasi Thompson. (BIS Photo/Robyn Adderley)

Minister of State for Grand Bahama Kwasi Thompson welcomed the president of Carnival Cruise Line, Christine Duffy, along with other top executives during a courtesy call November 6.

Following the devastation of Hurricane Dorian at the beginning of September, Carnival greatly assisted residents of Grand Bahama by donating much needed relief supplies.

The cruise line also returned to its regular ports of call October 11, 2019.

Additionally, Carnival also had one of its ships, Carnival Ecstasy, come to Grand Bahama Shipyard for repairs October 8, the first ship at the facility following Hurricane Dorian.

Minister Thompson thanked the group for all that they had done for the island.

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Tourist arrivals to the Caribbean region including The Bahamas increased by a solid 9.7 per cent during the first half of 2019, when compared to the same period last year, the Caribbean Tourism Organization has revealed. 

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TheBahamasInvestor.com
Thursday, November 7, 2019
Thursday, November 7, 2019

CTOTourist arrivals to the Caribbean region including The Bahamas increased by a solid 9.7 per cent during the first half of 2019, when compared to the same period last year, the Caribbean Tourism Organization (CTO) has revealed.

Addressing the media at a news conference at World Travel Market yesterday, CTO chairman Dominic Fedee said this performance was more than double the global average of 4.4 per cent.

Between January and June this year, there were 17.1 million tourist trips to the Caribbean region, 1.5 million more than the corresponding period in 2018.

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MOTA promotes Bahamas at Fort Lauderdale International Boat Show

During the 60th annual Fort Lauderdale International Boat Show, held October 30-November 3, the Ministry of Tourism and Aviation presented yacht charter operators, brokers and owners with a multitude of options for visiting the islands of The Bahamas. 

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Ministry of Tourism and Aviation
Wednesday, November 6, 2019
Wednesday, November 6, 2019

During the 60th annual Fort Lauderdale International Boat Show, held October 30-November 3, the Ministry of Tourism and Aviation presented yacht charter operators, brokers and owners with a multitude of options for visiting the islands of The Bahamas.

Dubbed the “greatest boat show on the seven seas”, the Ft. Lauderdale International Boat Show attracts approximately 110,000 attendees and 1,200 exhibitors representing 52 countries.

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Central Bank: Tourism hit by Dorian, but FDI remains strong – PDFs

Domestic economic developments in September were dominated by the passage of Hurricane Dorian, which resulted in a falloff in tourism, but foreign direct investment projects were sustained, according to The Central Bank of The Bahamas' monthly economic review. Read the full report here. 

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Central Bank of The Bahamas
Wednesday, November 6, 2019
Wednesday, November 6, 2019

Domestic economic developments for the month of September were dominated by the passage of Hurricane Dorian, which resulted in a falloff in tourism relative to an average monthly strengthening during the first eight months, according to The Central Bank of The Bahamas monthly economic review.

Nonetheless, positive impulses to construction output from foreign direct investment projects were sustained, with contributions from the domestic sector likely to increase as post-hurricane rebuilding efforts intensify.

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As a member of the The Caribbean Tourism Organization, The Bahamas is attending the World Travel Market in London this week. Watch an interview with director general of tourism Joy Jibrilu at the event.

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TheBahamasInvestor.com
Wednesday, November 6, 2019
Wednesday, November 6, 2019

DG of Tourism attends World Travel Market in LondonAs part of the The Caribbean Tourism Organization (CTO), The Bahamas is attending the World Travel Market in London this week.

During an interview on the sidelines of the event, director general of tourism Joy Jibrilu reiterated that most of The Bahamas was open for business despite the destruction caused by Hurricane Dorian.

She said that while Abaco and Grand Bahama were still recovering, the 14 other islands were unaffected and ready to welcome tourists.

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