Sandals' purchase of the Emerald Bay Resort has not made the economic impact Exuma hoped for, the president of the island's Chamber of Commerce said yesterday, arguing that its all-inclusive nature meant that 'trickle down' and spin-off effects for Bahamian-owned businesses were limited.
Speaking at a press conference to promote the upcoming Exuma Business Outlook Conference, Floyd Armbrister said many Exumians had been "shocked into reality" since the Sandals property re-opened earlier this year, and now recognised that the growth years enjoyed when Emerald Bay was operated under the Four Seasons brand may not return.
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