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Resort revenue growth relies on 5-7% room rate increases
THE BAHAMAS is relying on a 5-7 percent increase in room rates (ADRs) to drive resort revenue growth in 2024 due to limited opportunities to expand occupancies, a senior hotelier has revealed.
Developer eyes second price rise after hitting $15m in sales
A SOUTH-west New Providence development yesterday revealed it will increase prices for the second time “in a few weeks” after earning $15m from selling 35 percent of its available lots within five months.
Providers back competition rules move ‘with open arms’
THE move by utilities regulators to consolidate competition supervision with an increased focus on ‘after the fact’ investigations has been welcomed “with open arms” by operators.
Water Corp couldn’t ‘bolt all doors’ on union chief
THE Water & Sewerage Corporation could not be expected to “bolt all doors” to keep out a former union president who disobeyed orders to go on vacation by continuing to work, the Court of Appeal has ruled.
‘Huge blow’ if no Stella Maris purchaser found
LONG Island’s chief councillor yesterday said the island will suffer a “huge blow” if a buyer cannot be found for the Stella Maris resort.
Gov’t yet to decide over Abaco ports
A CABINET minister yesterday said the Government has yet to make a final decision on the two proposals it received to operate and manage North Abaco’s port.
'Very confusing' boat fees needing urgent resolution
Bahamian maritime operators yesterday warned the Government "urgently needs to resolve" the fall-out from the "very confusing" suspension of 1,000 percent and greater hikes in boat registration fees.
Haitian Pastor helped 20 since demolition of shanty towns
LEAGUE of Haitian Pastors president Dr Jean Paul Charles said he helped 20 residents affected by recent demolitions in New Providence who needed money and food.
Boy killed in Pinewood shooting was ‘no bad boy’
A GAS tank exploded when gunmen shot up a house in Pinewood on Sunday, preventing the murder victim and his injured friend from evading the shooters, according to a neighbour who hid himself during the ordeal.
Cougars senior boys destroy Stars, 75-23
The Charles W Saunders Cougars showed the Bahamas Academy Stars why they are the Bahamas Association of Independent Secondary Schools defending senior boys’ basketball champions.
Chickens have come home to roost
Our country is running a high fever.
Centreville community deteriorating
Kindly allow me space in your column to express an opinion on the deterioration of the community of Centreville and the quality of some of the illegal migrants in the area, especially Mount Royal Avenue and its side corners and Mount Rose Avenue and its side corners.
WORLD VIEW: From Crisis to Democracy: OAS Shines in Guatemala’s Political Transition
THE Organization of American States (OAS) demonstrated its continuing relevance and importance to member states by playing a constructive role in ensuring the transition of government in Guatemala, despite numerous attempts to disrupt the process.
EDITORIAL: What is govt’s end game in GBPA row?
WHAT is the government trying to achieve with its ongoing dispute with the Grand Bahama Port Authority?
Realtors say ‘no such thing as ease of doing business’
PROMINENT realtors say “there’s no such thing as ease of doing business in The Bahamas” with the time required to close property deals having increased four to six-fold.
Baha Mar contractor denies $2.4m ‘bribe or conspiracy’
ATTORNEYS for Baha Mar’s main contractor dismissed claims that $2.4m paid to a company run by the son of Perry Christie’s senior adviser represented “a bribe or conspiracy” to influence the then-government.
GBPA ‘hostile takeover sends wrong message’
THE Opposition’s leader is warning the Government it will “send the wrong message” to investors if it attempts a “hostile takeover” of the Grand Bahama Port Authority (GBPA) via arbitration demands.
‘High time’ to find Stella Maris buyer at $11.75m
A LONG Island resort’s principal yesterday said “it’s high time to put it in the hands” of an owner able to take it to four-five star status once the $11.75m asking price is met.
Woman’s pandemic job loss becomes a ‘Litable’ success
RISHAUN Bowe was laid off from her server job due to the COVID-19 pandemic, but the job loss turned out to be a silver lining when it pushed her to start her own frozen drink business called “Litables”.
Woman who fell at Corporate Centre wins case – awarded over $100k in damages and fees
THE Supreme Court awarded a 72-year-old woman $62,500 in damages and $55,000 in costs after she sued the Goodman’s Bay Corporate Centre following a slip and fall accident she had in 2001.
