Tuesday, Jul 23, 2019
HomeBusinessParadise Cruise CEO: Grand Lucayan reopening would boost cruise and stay program

Paradise Cruise CEO: Grand Lucayan reopening would boost cruise and stay program

Chief Executive Officer of Bahamas Paradise Cruise Line Oneil Khosa is looking forward to the reopening of the Grand Lucayan hotel strip, which he said would bring a boost to the company’s cruise and stay program.

Speaking with Guardian Business recently, Khosa said the cruise and stay business was not doing well due to lack of room availability on the island.

Khosa previously told this newspaper that cruise line passengers from Bahamas Paradise contributed an estimated $15 million in revenue to the island’s hotels per year.

However, in December, owner of the Grand Lucayan Hutchison Whampoa signed a letter of intent (LOI) with prospective buyer Paul Wynn.

Government expects that the final process for Wynn to purchase the hotel will be completed between January and February 2018.

The reopening of the resort is expected to revive inventory of 1,000 hotel rooms and provide jobs to nearly 1,000 persons.

Khosa said this “will definitely be a boost to our cruise and stay program, then we can freely market the program”.

“Today, we are handicapped in our marketing and sales because we don’t know what to expect and we don’t have enough inventory to sell.”

While the resort still remains closed to date since last year October, the government said that LOI marks a “very important formal step” towards the completion for the sale of the resort.

Deputy Prime Minister Peter Turnquest told Guardian Business yesterday, “We expect to have news on that very shortly.”

FOLLOW US ON:
2018 resolutions for
Turnquest: Govt to d