Dane Hamilton. While we are on the topic of projects I came across something which I think is food for thought amidst what seems to be a predicted development boom. We are going to have to really schedule projects and look at their impacts such as waste generation and skill employment needs to name a few. Our local support services such as health, port and food supply...*Optimistically nervous* ........Occupancies in the Bahamas for the year to date are almost 70%, and they grew by over 10% in May and July,” Freitag said. “And there has been no increase in supply, so that means all the new demand goes to existing properties. “Now, that said, Baha Mar will have 2,200 rooms—and 2,200 rooms, on top of the existing 13,000, represents an increase of about 15%, which is a staggering increase in inventory in any market,” he added. Kracer is skeptical about whether Baha Mar will be able to generate enough new demand to fill all those rooms without having to tap existing demand and encroaching on the health of Atlantis and other local properties....... - John Buchanan - See more at: hotelnewsnow/article/14331/baha-mars-setbacks-point-to-larger-issues#sthash.q397QUc6.dpuf
Posted on: Thu, 11 Sep 2014 14:33:49 +0000
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