Articles tagged “bahamas”

Fyre Festival Founder Gets Six Years for $27.4 Million Fraud

Fyre Festival Founder Gets Six Years for $27.4 Million Fraud

Erik Larson, Bloomberg

Most people will remember the images of attendees wandering around a half-built site that surfaced during 2017's Fyre Festival. Those who paid thousands of dollars for tickets will no doubt have little sympathy for the man behind the disaster.

1 month ago

The Bahamas Has Too Many Cruise Ships and Not Enough Hotel High Rollers

The Bahamas Has Too Many Cruise Ships and Not Enough Hotel High Rollers

Dan Peltier, Skift

Many cruise passengers sail because it's a more economical way to visit a destination. Caribbean countries like the Bahamas have known this for years and are getting more ambitious about trying to attract more flights — a perennial problem — and hoteliers that can help do a better job at growing their economies in the long term.

10 months ago

Baha Mar Developer Sues Chinese Contractor for Massive Fraud

Baha Mar Developer Sues Chinese Contractor for Massive Fraud

Bob Van Voris, Bloomberg

The Baha Mar project in the Bahamas has had its years of woes. Now that it's finally been open for about eight months, BML properties is trying to recoup some of its losses.

11 months ago

Credit Agency Warns Bahamas and Jamaica to Prepare for Climate Change

Credit Agency Warns Bahamas and Jamaica to Prepare for Climate Change

Colin Simpson, Bloomberg

Many officials seem to think that "the seas are rising" is the new "the sky is falling" and thus do nothing. Moody's decision this week means that authorities must deal with climate change or risk having their bond ratings downgraded. We hope that prompts action.

11 months ago

Long-Delayed Baha Mar Resort Is Finally Open, But Atlantis Isn’t Worried

Long-Delayed Baha Mar Resort Is Finally Open, But Atlantis Isn’t Worried

Deanna Ting, Skift

Well, that only took a few years. It'll be interesting to see how tourism to the Bahamas changes now that the long-beleaguered mega resort has finally opened.

1 year ago

Bahamas Tourism Officials Separate Themselves Further From Fyre Festival Fiasco

Bahamas Tourism Officials Separate Themselves Further From Fyre Festival Fiasco

Tamara Lush, Associated Press

First-time event planners mixed with Instagram influencers and poor infrastructure never add up to a successful gathering — no matter where it is.

2 years ago

Disastrous Fyre Festival in Bahamas Shows Event-Planning Isn’t for Amateurs

Disastrous Fyre Festival in Bahamas Shows Event-Planning Isn’t for Amateurs

Kim Bhasin and Polly Mosendz, Bloomberg

If you promote it, they will come. But you DO have to build it, and the Fyre Festival obviously didn't.

2 years ago

Baha Mar Should Open by the End of This Year, Says Bahamas Prime Minister

Baha Mar Should Open by the End of This Year, Says Bahamas Prime Minister

Associated Press

Even if Baha Mar is completed, it's doubtful it'll be able meet the lofty goals set forth by its developers any time soon. If anything, Baha Mar will live on as a metaphor for misguided mega-development.

2 years ago

The Bahamas Tells Its Citizens to Be Careful in the U.S. Following Shootings

The Bahamas Tells Its Citizens to Be Careful in the U.S. Following Shootings

Associated Press

This isn't a petty retaliation for warnings that the U.S. issued regarding the Bahamas. It's sound advice considering the state of the U.S.

2 years ago

Even Without Baha Mar, Tourism Is Growing in the Bahamas

Even Without Baha Mar, Tourism Is Growing in the Bahamas

Ezra Fieser, Bloomberg

Economic growth in the Bahamas has been slow, but government officials are predicting an acceleration — especially once the long-delayed Baha Mar resort opens.

3 years ago

Pointing Fingers in the $3.5 Billion Failure of Baha Mar Resort

Pointing Fingers in the $3.5 Billion Failure of Baha Mar Resort

John Lippert and Dawn McCarty, Bloomberg

Baha Mar is an example of what not to do in tourism development: One big, expensive project that will deliver lofty returns.

3 years ago

Bahamas Finds Success Creating a Sports Tourism Event

Bahamas Finds Success Creating a Sports Tourism Event

Kyle Hightower, Associated Press

Events and sports are rarely a sure win, but the event at Atlantis in the Bahamas has the right mix of timing and publicity to make it worth the effort.

3 years ago