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Bahamas leads region in hotel development

The Bahamas currently has more hotel rooms in development than any other country in the region, with 2,250 rooms in construction, mainly due to the Baha Mar mega-resort project. Pictured: Baha Mar construction Field Officers present Prime Minister Perry Christie with a "100 FT Milestone" standard, July 2012. (BIS photo/Peter Ramsay) 

Caribbean Journal
Wednesday, November 14, 2012
Wednesday, November 14, 2012

The Caribbean/Mexico hotel development pipeline totaled 124 hotels and 19,318 rooms in October, according to the STR Construction Pipeline Report released this week.

The active pipeline includes projects in the in-construction, final planning stages, but does not include projects in the pre-planning stage.

While Mexico leads the greater region with 2,627 rooms currently in construction, three other countries in the Caribbean have more than 500 rooms in the in-construction phase, according to STR.

The Bahamas currently has 2,250 rooms, a significant portion of which are due to the Baha Mar resort project (the largest-ever hotel project in the Caribbean). That project will also include a Jack Nicklaus Signature Golf Course, which will open late next year.

The Dominican Republic has 1,613 rooms in the in-construction phase, while Puerto Rico has 651 rooms in the in-construction phase.

Puerto Rico’s total is getting a bump from Hyatt, which is currently developing three hotels on the island.

Source: Caribbean Journal

This is an excerpt from Caribbean Journal as it appeared on November 14, 2012. For updates or to read the current version of this post in its entirety, please click here.

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Minister of Transport and Aviation Glenys Hanna-Martin informed the International Maritime Organization that The Bahamas is seeking re-election to the council under Category C November 12, 2012. Pictured: Glenys Hanna-Martin, Minister of Transport and Aviation during a Courtesy Call at the International Maritime Organization (IMO). Pictured: (front row, left-right) Anthony Kikivarakis, chairman of The Bahamas Maritime Authority; the Minister of Transport and Aviation; Koji Sekimizu, Secretary-General of the IMO; and Frank Davis, Acting High Commissioner & Alternate Permanent Representative to the IMO. (Back row, left-right) Commodore Davy Rolle, director and CEO, Bahamas Maritime Authority; and Peter Goulandris, deputy chairman of The Bahamas Maritime Authority. (Photo/IMO)

Industry figures and finance policy makers gathered in Nassau last week for the annual Accountants' Week. The four-day event covered a range of topics including taxation, trade and national economic strategies for recovery.

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