The Bahamas was unable to cut hotel room rates as deeply as other Caribbean destinations in response to the recession because to have done so would have left the industry mired in "deeper unprofitability" due to high operating costs, the minister of tourism and aviation said yesterday.
Vincent Vanderpool-Wallace told the Bahamas Business Outlook Conference that this nation had to accept it would be unable to convert any cruise ship passengers to stopover visitors simply because land-based stays in this nation were out of their price range.
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