No timeline on Grand Lucayan sale

NASSAU, BAHAMAS – Minister of Tourism Dionisio D’Aguilar indicated yesterday that the government’s special purpose vehicle is making progress in negotiations of the sale of the Grand Lucayan Resort in Freeport, Grand Bahama, but could not give a timeline on when that process would be complete. Last week, the minister said the government had shortlisted […]

Central Bank: Construction sector to experience a slight slowdown

NASSAU, BAHAMAS – The Central Bank is confirming that the construction sector may experience a slight slowdown as earlier surges in domestic construction have somewhat stalled and small to medium-sized foreign investment projects have kept the country’s construction sector steady. “Construction sector output during the fourth quarter continued to be supported by a number of […]

Exuma investor: We’re “busting out” of airport

NASSAU, BAHAMAS – The largest shareowner of one of Exuma’s principal properties is looking forward to a follow-through on promises of a new airport, with thousands of guests now “busting out” of the current facility. Grand Isle investor Peter Nicholson said if the island were to accommodate the visitor arrival growth of its current trajectory, […]

Govt. narrows Grand Lucayan’s bidders list

NASSAU, BAHAMAS – The list of companies vying for the chance to own and operate the Grand Lucayan Resort in Grand Bahama has been significantly narrowed down to less than five potential owners, according to tourism minister Dionisio D’Aguilar. D’Aguilar made the announcement to reporters outside of Cabinet office on Tuesday morning. The government recently […]

Cruise lines have no issue with govt.’s selection for port

Royal Caribbean CEO excited and prepared to work with new developer   NASSAU, BAHAMAS – Although it missed out on the Nassau’ cruise port project, Royal Caribbean Cruise Lines (RCCL) President and CEO Michael Bayley said yesterday that the cruise lines are not bothered, and are instead “exited, and willing” to work with the selected […]

Despite failed Fyre Fest, occupancy rates at Grand Isle in Exuma skyrocket

NASSAU, BAHAMAS –  The largest shareowner of Exuma’s luxurious Grand Isle property is noting one upside of the doomed Fyre Festival documentary which shed a negative light on the island of Exuma: higher occupancy rates. Initially worried that the island’s tourism product would take a hit from the popularity of the Netflix and Hulu documentaries […]

Colonial Group International to invest $4 million in GB

FREEPORT, GRAND BAHAMA – Colonial Group International (CGI) – the parent company of Atlantic Medical Insurance Co Limited, Security & General Insurance, Colonial Pensions Services (Bahamas) and the Nassau Insurance Brokers & Agency Limited – will invest $4 million in Grand Bahama through the construction of a state-of-the-art building to become its northern hub of […]

Turnquest: $94.7 million in mortgage commitments

NASSAU, BAHAMAS – A surge in domestic construction to $86.7 million by Q3 2018 may not necessarily be duplicated this year as officials report a decline in construction commitments going forward. While many FDI ventures bolstered the construction sector for 2018, the completion of some of the bigger projects may mean a falloff in activity […]

Nearly $800 million in FDI projected

NASSAU, BAHAMAS – Nearly $800 million in Foreign Direct Investment is projected to bolster the country’s economy in the short to medium terms, the government revealed yesterday. In his mid-year budget statement, Deputy Prime Minister and Minister of Finance Peter Turnquest said the economy benefitted from the completion of a number of FDI projects last […]

Pelican Bay leads the charge in promoting GB

Highlights newly renovated hotel at CHTA 2019 Marketplace   FREEPORT, BAHAMAS – With more than $4 million invested in room renovations last year, Pelican Bay seized the opportunity to promote their new décor and upgraded facilities at the recent 2019 Caribbean Hotel Tourism Association’s (CHTA) Caribbean Travel Marketplace held in Montego Bay, Jamaica. Known as […]

TripAdvisor Award Winner boosts ad budget amidst new Lenny Kravitz ad

CAT ISLAND, BAHAMAS – Seeking to boost occupancy by 10 per cent, one Cat-Island based 2019 TripAdvisor Travelers’ Choice Award winner has ramped up advertising to maximize exposure from the newest Ministry of Tourism ad featuring rock star Lenny Kravitz. Rollezz Villas Beach Resort proprietor Carl Rolle said the ad’s highlights of the family islands […]

Lenny Kravitz stars in new tourism campaign

NASSAU, BAHAMAS – The Bahamas Ministry of Tourism (MOT) has teamed up with Rock ‘n Roll, Grammy Award-Winning star Lenny Kravitz for its new multi-million-dollar brand campaign, ‘Fly Away.’ Fly Away, a mirrored name of Kravitz’s 1998 hit, was released in New York City (NYC) on Thursday at the eccentric Public Hotels to an audience […]