NASSAU, BAHAMAS — The Bahamas has secured more than $10 billion in foreign direct investment over the past two years, according to Deputy Prime Minister and Minister of Tourism, Investments, and Aviation Chester Cooper, with renowned brands playing a key role and cementing the nation’s reputation as a premier luxury destination.
Speaking at a Ministry of Tourism, Aviation and Investments and Tourism Development Corporation (TDC) press conference on Wednesday, Cooper noted: “We were pleased to see the attraction of more than $10 billion of foreign direct investment to the Bahamas over the past two years, where high-end brands like Montage, Rosewood, Six Senses, Park Hyatt, BVLGARI, and Four Seasons Residences played a prominent role in these announcements. This is significantly positive for cementing our reputation as a premier luxury destination.”
Cooper also noted that Carnival Cruise Line’s $600 million Celebration Cay development on Grand Bahama and Royal Caribbean’s $100 million Royal Beach Club are expected to come on stream this year. “We anticipate another tourism investment of hundreds of millions of dollars in Grand Bahama, which will be announced shortly,” said Cooper.
Cooper also noted that The Bahamas recorded its best year in tourism arrivals to date, with over 11 million visitors in 2024.
Additionally, Cooper noted that based on cruise passenger spending has also increased in the country. Cooper noted that the government has engaged in a study to further calculate and examine the overall benefit of the cruise business to the Bahamian economy.
