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Bimini business model

EDITOR, The Tribune.

I don’t care how much money Genting has, the odds of making Resorts World Bimini successful stand about the same chance as making a Super Wal-Mart successful in Mayaguana. The business model just doesn’t work.

The idea that because Bimini is 48 miles from South Florida it is cheap and easy to get to is obviously a misconception. Because the combined US and Bahamian taxes on all tickets to the Bahamas are approximately $120 and the biggest cost of running an airline is the cost of the gate, ticketing, baggage handling and maintenance it is not financially viable for the 48-mile short haul flights.

Currently it costs more to fly to Bimini from South Florida than it does to fly to Las Vegas.

News Alert… South Florida has gambling. From the Hard Rock to the Gulfstream Casino, South Florida has nine casinos many with hotels, shopping, top entertainment and gourmet restaurants. If South Florida is not your thing hop on a commercial jet and in 35 minutes you will be in Nassau with the World Class Atlantis Resort and soon to open, the multi-billion dollar resort Baha Mar. Now exactly why is a high roller going to spend three hours on a ferryboat or spend over $300 for a ticket on a prop plane to gamble in a casino the size you would find on a cruise ship?

The Discovery Cruise Ship as well as the SeaEscape Cruise Ship both offered day trips to Freeport as well as gambling cruises offshore and they both went broke, and this was before South Florida had gambling.

Now for the Resorts World Resort itself. After spending over a quarter of a billion dollars on the resort, they are ranked 7th out of 8 hotels in Bimini on Trip Advisor. They are listed below the Thirsty Turtle Inn, which is a 16-room hotel on a canal in South Bimini with zero amenities. From the TripAdvisor reviews, people are very unhappy with the Resorts World experience and it’s only likely to get worse.

You can build a five star structure on Bimini, but you can’t offer a five star experience. If you take away the children, elderly and people with jobs in Bimini you might have a potential workforce of 200 potential local employees to be hired by Resorts World.

With the new 350-room hotel coming online it is going to require 500 to 600 people to operate this property. Where are they coming from? The idea that highly qualified chefs, servers, IT personnel, front desk managers, comptrollers, maintenance engineers, etc. are going to leave their good paying jobs and homes in Nassau or Freeport to come to work and live in Bimini is a joke.

Bimini will never be Nassau or South Beach. Bimini should always be what Nassau and South Beach is not. A laid back Out Island with pristine white sand beaches, gin clear water, spectacular reefs with world class fishing and diving that has attracted affluent fishermen, boaters and divers to Bimini for generations.

NEAL WATSON , Sr.

Nassau,

May 31, 2014.

Comments

birdiestrachan 10 years, 5 months ago

Mr. Watson never say Never. Because you do not really know. I trust you live in Bimini. there are so many people speaking to this issue.. who do not know what they are talking about. know nothing about Bimini and have never been there. I for sure can not speak about it because I have never been there..

thomas 10 years, 5 months ago

"I for sure can not speak about it because I have never been there.."...yet still you speak and clearly if you don't know who Mr. Watson is you shouldn't be speaking.

sheeprunner12 10 years, 5 months ago

Bimini is a serious social, economic & environmental disaster waiting to happen ....................... imagine next ten years. This is setting a very bad development precedent .......................... we dont seem to learn from past FDI mistakes

birdiestrachan 10 years, 5 months ago

Mr. Watson is not God. And God alone knows the future. That is what I am writing about.

thomas 10 years, 5 months ago

My bad, I thought the issue here was Bimini

ikorky 10 years, 5 months ago

  1. Completely disagree....for a destination resort certain things need to be in place for it to succee. The first and most important thing is infrastructure ( transportation had to be cheap and readily available. Aside from the fact that it's only 48 miles and private vessels can easily arrive ..the ferry boat and new airport are allowing it to easily and cheaply go to bimini...all that needed now is for the project to introduce more entertainment and losing options which are currently in development

CuriousAbaconian 10 years, 5 months ago

I do not know Mr. Watson, but if you doubt what he says, look at the customer testimonies on Tripadvisor.com. They speak for themselves.

ikorky 10 years, 5 months ago

who cares about reviews...the hotel is in the process of getting their shit together...its like opening a business for the first time or dating someone for the first time....you got to test the water see what works what doesn't...their doing a lot of first for the island it will take 2-3 years before thus business will begin to stabilize until then they will be hiring building and growing the economy of bimini and bahamas for that matter

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