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Bahamas number one destination among US super rich

Resonance Consultancy (via Bloomberg), a firm that monitors consumer trends, conducts research, and creates development strategies, has rated The Bahamas as the most popular Caribbean destination for rich Americans in its top 16 list. 

Kamalame Cay via Bloomberg Business
Tuesday, February 16, 2016
Tuesday, February 16, 2016

BloombergThe Bahamas may be touristy, but with 700 islands the country, the nation still offers some of the best chances for unadulterated escape, especially if you’re into the sport of bonefishing or the sport of private-villa buying; Johnny Depp, Nicholas Cage, Shakira, Roger Waters, and Eddie Murphy all have had a go.

Kimberly Wilson-Wetty, co-president/owner of Valerie Wilson Travel, a New York-based agency specializing in high-net-worth clientele, also credits to easy accessibility for The Bahamas’ popularity—commercial flights vs. private jet vs. yacht—and standout resorts like Paradise Island’s One&Only Ocean Club. All the press surrounding the Baha Mar project (before the bankruptcy), helped too. “The luxury traveler is really driven to the hotel when they’re choosing the island—especially in the Caribbean,” says Wilson-Wetty, “There aren’t just a lot of ‘luxury islands.’ Baha Mar brought The Bahamas a new limelight, an element of intrigue.”

This is an excerpt from Kamalame Cay via Bloomberg Business as it appeared on February 16, 2016. For updates or to read the current version of this post in its entirety, please click here.

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The Bahamian Senate passed a bill earlier this month allowing shallow-water oil exploration, and it is expected to soon be signed into law by the commonwealth's governor general. The passage of the bill, known as the Petroleum Act, means drilling by the Bahamas Petroleum Co. and partnering companies could start within the year, according to some experts.

Minister of Financial Services Hope Strachan addressed The Bahamas’ chapter of the Society of Trust and Estate Practitioners (STEP) luncheon February 15, 2016 at the British Colonial Hilton Hotel in Nassau. Read her remarks here.

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