The Bahamas is continuing its push to court new hotel investment in the country.
The latest effort was its participation in the 25th Annual International African American Hotel Ownership & Investment Summit & Trade Show.
The NABHOOD’s mission is to “create wealth within diverse communities by increasing the number of minorities developing, managing, operating, and owning hotels, while expanding vendor opportunities and executive level jobs.”
Bahamas Tourism Minister and Deputy Prime Minister Chester Cooper addressed the show, joined by leaders from a number of hotel brands in the Caribbean.
“In recent years, The Bahamas has benefitted from close to 3 billion dollars in foreign direct investment. Development projects have ranged from mega resorts, marinas and attractions to boutique hotels. This ongoing development activity is a strong indicator of one thing — investor confidence,” said Cooper. He added, “We project continued growth in visitor arrivals in the months ahead, based on positive hotel bookings. There has been a significant increase in airlift fueled by pent-up demand for travel. Currently, there are direct or one stop flights to The Bahamas from every major region of the United States.”
Cooper said The Bahamas “has in place all the prime conditions conducive to propelling economic growth, in the short to medium and long term. I invite you to come to The Bahamas, invest and grow with us.”