THE BAHAMIAN hotel industry is facing a potential five-fold whammy, with the Government adding to increases in National Insurance Board (NIB) contribution rates, electricity costs and Out Island Promotion Board fees by increasing hotel room/guest taxes from 6 per cent to 10 per cent, along with an $5 increase in departure taxes.
The Bahamas Hotel Association's (BHA) vice-president, Frank Comito, said the increases were a cause for concern, as they countered efforts by tourism officials to make the Bahamas a more competitive and cost-effective destination.
Mr Comito said despite the increases, the BHA understood the Government's fiscal difficulties and the reason and need for the increases.
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