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Bahamas to attend luxury travel conference

Representatives from The Bahamas Tourist Office will attend the prestigious "invitation only" International Luxury Travel Market event to be held in Cannes early December 

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TheBahamasInvestor.com
Friday, November 11, 2011
Friday, November 11, 2011

The Bahamas Tourist Office will attend the prestigious “invitation only” International Luxury Travel Market (ILTM) event to be held in the French resort of Cannes December 5-8.

The event, to be held at the Palais des Festivals et des Congrès, is the leading annual business-to-business event for the global luxury travel community.

Operating as an “invitation only” event, ILTM strictly selects the world’s most elite luxury travel buyers and sought after suppliers. The product showcase respresents the industry’s diversity, offering everything from remote destinations and unique travel experiences to boutique hotels and luxury transport.

David Johnson, Director General of the Bahamas Ministry of Tourism and Aviation, said: “Our first experience of ILTM in 2010 proved very positive and we are keen to build upon those, and new, relationships in 2012 and beyond to deliver the luxury traveller best suited to a large part of our Bahamian product.”

Although evidence at this point is mainly anecdotal, experts say property inventories are going down in the region. However, the industry is staying with "tried and true" second-home destinations. 

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TheBahamasInvestor.com
Friday, November 11, 2011
Friday, November 11, 2011

The Caribbean second-home market is slowly beginning to pick up, according to international experts.

Admitting that there is not much in the way of data to support this argument, Lorne Bassel, president and chief executive officer of Crave Real Estate/Lubert Adler–a development, investment and consulting company–says anecdotal evidence would bear him out.

“Inventory is being bought up in the primary resorts and the inventory that has been replacing that is starting to disappear, so that’s a good thing,” he said. “Anecdotally, we are starting to see smaller projects come back.”

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Minister of Tourism and Aviation Vincent Vanderpool Wallace said that airlift is key to establishing the Caribbean brand. The Minister was speaking during a panel discussion at the HVS Caribbean Hotel Investment Conference and Operations Summit yesterday. 

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TheBahamasInvestor.com
Friday, November 11, 2011
Friday, November 11, 2011

“The Caribbean is the world’s best known, unowned brand,”?said Minister of Tourism and Aviation Vincent Vanderpool Wallace Thursday during a panel discussion at the HVS Caribbean Hotel Investment Conference and Operations Summit (CHICOS) held in Nassau. He went on to say that the region is moving to not only own, but also boost its profile.

According to Vanderpool Wallace, the Caribbean Tourism Development Company (CTDC)–the marketing and business development unit owned equally by the Caribbean Hotel Association (CHA) and the Caribbean Tourism Organization (CTO)–is developing the “best website that has ever been made for the Caribbean.”

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Caribbean Basin Security Initiative “making progress”

Caribbean-United States Security Cooperation Dialogue opens in Nassau with leaders renewing commitment to the Caribbean Basin Security Initiative (CBSI). 

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TheBahamasInvestor.com
Thursday, November 10, 2011
Thursday, November 10, 2011

Critical though it is, the Caribbean Basin Security Initiative (CBSI) is not a quick fix for the many security challenges facing Caribbean countries and the United States, said Prime Minister Hubert Ingraham at the opening of the second annual Caribbean-United States Security Cooperation Dialogue Thursday.

The Bahamas is the first Caribbean country to host the dialogue–one of the most effective means of sharing knowledge and experience on threats and challenges faced by the region.

The matters being covered at the meeting include: firearms controls, prison reform, juvenile justice and greater public and private sector and civil society cooperation.

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Bahamas celebrates Caribbean Tourism Month – video

This month is designated as Caribbean Tourism Month and an awareness campaign is being run throughout the region. Members of the tourist industry in The Bahamas have organized promotions, competitions and other events to highlight the importance of the nation's number one money earner. 

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TheBahamasInvestor.com
Thursday, November 10, 2011
Thursday, November 10, 2011

November is Caribbean Tourism Month and members of The Bahamas’ tourist industry has organized a series of events designed to highlight the importance of the sector and bring more tourism dollars to the islands.

Caribbean Tourism MonthTourism is the largest industry in The Bahamas and is responsible for around 60 per cent of the country’s gross domestic product (GDP). In 2010, the country welcomed just over 5 million visitors.

Activities this month will include competitions and promotions; talks in schools and churches about the importance of tourism and events featuring industry leaders.

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US Secretary for Homeland Security arrives in Bahamas

United States Secretary for Homeland Security Janet Napolitano has arrived in Nassau ahead of the Second Caribbean-US Security Cooperation Dialogue, which opens in New Providence this morning. 

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TheBahamasInvestor.com
Thursday, November 10, 2011
Thursday, November 10, 2011

NASSAU, The Bahamas – Minister of National Security, Tommy Turnquest welcomed United States Secretary for Homeland Security Janet Napolitano to New Providence late yesterday afternoon (pictured) ahead of the Second Caribbean-US Security Cooperation Dialogue, which opens in New Providence this morning.

The dialogue is a high-level meeting that will involve Ministers of National Security from several Caribbean Community (CARICOM) nations, Secretary Napolitano, senior government officials from the Dominican Republic, and heads of delegates from CARICOM nations.

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The uptick in economic activity in the US during the second half of this year is not likely to be sustained through 2012, a Reuters poll suggests. 

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Reuters
Wednesday, November 9, 2011
Wednesday, November 9, 2011

Reuters
Nov. 9/11 (Reuters) – An acceleration in the pace of U.S. economic growth in the second half of this year is expected to ebb as 2012 gets underway, although the odds of another recession have receded to one-in-four, a Reuters poll showed on Wednesday.

Encouraged by a recent pick-up in economic data, the consensus from more than 60 respondents showed a better view on the final three months of the year and 2011 overall.

But the pace of is expected to wane from an annualized 2.5 percent in the third quarter, and growth is not expected to get back to that rate again until the final quarter of next year.

More fiscal restraint, uncertainty surrounding the euro zone sovereign debt crisis and lackluster consumer sentiment and spending are all seen taking some of the steam out of growth early next year.

This is an excerpt from Reuters as it appeared on November 9, 2011. For updates or to read the current version of this post in its entirety, please click here.

Go to the source of this post >
Fichtner report highlights energy efficiency benefits for hospitality industry

Report by German consultancy firm shows that small hotels in The Bahamas need to implement more environment-friendly practices to cut energy costs, according to Phenton Neymour, Minister of State for the Environment. The Minister was speaking at the Bahamas Home & Builders Show held earlier this month (pictured). 

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TheBahamasInvestor.com
Wednesday, November 9, 2011
Wednesday, November 9, 2011

Nassau, The Bahamas – Investors in small hotels stand to benefit from the profitability of energy efficient architectural design and other environment-friendly practices, according to a recently published report.

Under the Inter-American Development Bank Technical Assistance project, German consulting firm Fichtner conducted a series of audits on the residential, hotel and public sector during 2009/2010, the findings of which were published in the report Promoting Sustainable Energy in The Bahamas.

The Bahamas Hotel Association worked closely with the consultant in identifying 16 hotels in the Family Islands and New Providence varying in size from approximately 50 rooms to more than 350 rooms. Fichtner looked at several indicators on a per rented room basis, such as energy consumption and costs, and electricity consumption and costs.

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Atlantis calls for greater airlift

With the new Baha Mar resort complex scheduled to open 2014, the owners of Atlantis Paradise Island resort say industry members need to join together to increase airlift and tap new emerging markets to coexist successfully. 

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TheBahamasInvestor.com
Tuesday, November 8, 2011
Tuesday, November 8, 2011

The existing mega-resort Atlantis Paradise Island and the new $3.4 billion Baha Mar resort should be able to coexist once there is adequate airlift to the country, according to Atlantis operator Kerzner International Bahamas.

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Atlantis occupancy climbs

The Bahamas' largest resort complex is looking at strong occupancy rates throughout the rest of the year, bolstered by group and event bookings. Projections for next year show continued growth. 

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TheBahamasInvestor.com
Tuesday, November 8, 2011
Tuesday, November 8, 2011

managing director of Kerzner International Bahamas George MarkantonisBookings at The Bahamas’ largest resort–Atlantis Paradise Island–continue to climb year on year, president and managing director of Kerzner International Bahamas George Markantonis announced Monday.

“Bookings continue to be strong,”?he said at a press event yesterday. “The good news is that we had an excellent fall season.”

The positive turnaround is due to the air credit rebates offered by the government to sweeten the pot on hotel packages.

“We’ve been able to combine the fourth night free programme that we offer with the air credit programme and we’ve seen very strong bookings,”?said Markantonis.

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