The Bahamian hotel industry should be "at least 50 per cent of the way" to returning to pre-2008 Wall Street crash numbers by year-end if it maintains current performance trends, the Bahamas Hotel Association's (BHA) president telling Tribune Business the organisation had made several proposals to mitigate the impact of any rise in electricity tariffs.
Commenting on the Nassau/Paradise Island hotel sector's performance for March and the 2010 first quarter, during which room revenues increased by 16 per cent and 6.7 per cent respectively, Robert Sands said that while the trend was positive, the industry was "not prepared to hand our hats yet" on the notion that consistent improvement would be seen throughout the remainder of 2010.
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