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News & Press - Jul 16/18

 

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Preliminary statistics released by the Bahamas Hotel Association and the Ministry of Tourism show an uptick in visitor arrivals for the early part of the low season. 

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TheBahamasInvestor.com
Tuesday, August 17, 2010
Tuesday, August 17, 2010

Despite concerns about low occupancy rates due to the 2009/2010 economic downturn, New Providence hotels are reporting somewhat higher than expected figures for the spring/summer season on the back of industry-wide promotional campaigns.

Although the summer months are typically regarded as the low season for The Bahamas’ hotel industry, statistics show that the second quarter of 2010 surpassed performance for the same period last year and bettered results for the first quarter of this year, with 2.6 per cent more room nights sold.

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Following the dredging of the Nassau harbour, the port is now fit to receive some of the world's largest cruise superliners, including Norwegian Cruise Line's Norwegian Epic. 

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TheBahamasInvestor.com
Thursday, August 12, 2010
Thursday, August 12, 2010

Norwegian Cruise Line’s newest and biggest cruise ship, which can carry up to 4,100 passengers, has made its first call into Nassau Harbour as part of its inaugural Caribbean tour.

At 155,873 tonnes, the Norwegian Epic is just 50,000 tonnes smaller than the world’s largest cruise liner the Oasis of the Seas, which is also a frequent visitor to Nassau. The new ship has 20 bars and restaurants, an aqua park with the only tube slide at sea, and a 33-foot high rock climbing wall, as well as the first rappelling wall on a cruise ship. It also boasts 60 suites and villas on two private decks.

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The Marina Operators of The Bahamas (MOB) is forging initiatives to bolster the marina and boating tourism business in the nation. Perfectly suited for this industry, The Bahamas must actively pursue opportunities, it says. 

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TheBahamasInvestor.com
Thursday, August 12, 2010
Thursday, August 12, 2010

With numbers of marina stopovers on the increase in The Bahamas, a new organization is taking steps to ensure smooth sailing within the boating industry.

Since forming in 2009, the Marina Operators of The Bahamas (MOB), has been forging initiatives in the boating tourism sector and marina industry. So far, with support from the Bahamas Hotels Association (BHA) and a grant from the Inter-American Development Bank, the group has conducted forums and has been working to promote the industry’s potential as a big money earner for the island nation.

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A leading banker in The Bahamas urges those in the resort and tourism sector to target visitors from emerging economies, such as China. "America is in trouble. So, what's next?" asks Gregory bethel, president of Fidelity Bank (Bahamas) Ltd. 

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TheBahamasInvestor.com
Tuesday, August 3, 2010
Tuesday, August 3, 2010

With global tourism facing a challenging year, a leading banker in The Bahamas believes the jurisdiction should target emerging economies, such as China, to boost visitor arrivals.

“America is in trouble. Europe has its issues. So what’s next?” asked Gregory Bethel, president of Fidelity Bank (Bahamas) Ltd, during a recent address to an economic summit hosted by the Bahamas Christian Council. “The Chinese have all the money.”

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Newly appointed members of the board at The Bahamas Chamber of Commerce have pledged their commitment to the development of SMEs, which make up around 72 per cent of the Chamber’s membership. 

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TheBahamasInvestor.com
Tuesday, August 3, 2010
Tuesday, August 3, 2010

Amid a period of economic hardship and restricted access to credit, small businesses are facing unprecedented challenges. Now, more than ever, the nation’s store owners, service providers, restaurateurs, taxi firms and even straw market vendors need their voices to be heard. Heeding their pleas, the newly appointed members of the board at The Bahamas Chamber of Commerce have pledged their commitment to the development of such businesses, which make up around 72 per cent of the Chamber’s membership.

“We understand that small businesses are the engines of any economy,” says Chamber president Khaalis Rolle. “We are now focusing on putting oil in that engine.”

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According to the head of the Bahamian Contractors Association (BCA) Stephen Wrinkle, Cable Beach mega-resort will be pioneering project for the region and vastly improve skill sets of local contractors. 

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TheBahamasInvestor.com
Wednesday, July 28, 2010
Wednesday, July 28, 2010

The landmark Baha Mar deal is the first of its kind for the Caribbean construction sector, according to Head of the Bahamian Contractors Association (BCA) Stephen Wrinkle, who says the project will help improve skills in the Bahamian construction industry.

The $2.6 billion project, which will redevelop 1,000 acres of the Cable Beach strip on New Providence into a luxury resort, signals a new era for the industry says Wrinkle who has worked with the financial backers and contractors to thrash out the details and believes that the structure of the deal is a first for the Caribbean.

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Local organizations combine efforts to improve and expand the visitor experience on the nation's second most populous island. 

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TheBahamasInvestor.com
Wednesday, July 28, 2010
Wednesday, July 28, 2010

Grand Bahama Development Co is teaming up with the Antiquities, Monuments and Museums Corp (AMMC) to deliver a boost to the island’s tourism industry.

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An innovative programme, conducted over the summer by the Bahamas Hotel Association in collaboration with the Tourism Ministry, aims to give students hands-on experience in the hospitality industry. 

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TheBahamasInvestor.com
Wednesday, July 28, 2010
Wednesday, July 28, 2010

While students in The Bahamas enjoy their summer break, an annual programme is encouraging teachers to skip the beach and head back to school to learn about what makes the tourism industry tick.

For the past seven years, the Bahamas Hotel Association (BHA) has hosted its Summer Educator Internship Programme, in collaboration with the Ministry of Tourism and Aviation, Ministry of Education and the College of The Bahamas’ Culinary Hospitality Management Institute. During the programme, the country’s educators spend a week each summer learning about the range of careers and businesses within the tourism sector, and how to better prepare students interested in pursuing careers in that field.

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The Bahamas Investor – July 2010 Press release

This issue looks at some of the players behind key foreign direct investment projects in the island nation. On the cover, one of the region's youngest chief executive officers and heir to the Sandals resorts empire, Adam Stewart, talks about the hotel chain's latest acquisition on Great Exuma. The 30-year-old Jamaican has overseen the multi-million dollar "Sandalization" of the former Four Seasons resort to create a luxury, couples only, all-inclusive island getaway, replete with butler service, infinity pool and acres of pristine beachfront. 

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TheBahamasInvestor.com
Thursday, July 1, 2010
Thursday, July 1, 2010

THE BAHAMAS INVESTOR – JULY 2010 PRESS RELEASE
FOR IMMEDIATE RELEASE

NEW FOREIGN DIRECT INVESTMENT MAKES WAY TO BAHAMIAN SHORES

(Nassau, The Bahamas, July 1) – Etienne Dupuch Publications Ltd. has announced the publication of the July 2010 issue of The Bahamas Investor–the jurisdiction’s primary source for business and investment information.

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The Bahamas Investor – January 2010 Press release

The Bahamas Investor January 2010 highlights the benefits of island living. 

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TheBahamasInvestor.com
Friday, January 1, 2010
Friday, January 1, 2010

The Bahamas Investor – January 2010 Press release
BAHAMAS INVESTOR JANUARY 2010 HIGHLIGHTS THE BENEFITS OF ISLAND LIVING
FOR IMMEDIATE RELEASE

(Nassau, January 1, 2010) – Bright spots might be emerging on the horizon, but these are still pensive times in the global economic arena. During such periods, keeping a competitive edge is vital and the new issue of The Bahamas Investor magazine, published this month, takes a look at some of the qualities that help maintain The Bahamas’ position as a premier destination for professionals and high-net-worth individuals to live, work and invest.

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