From the Antigua Sun, 15 July, 2006
By Patricia Campbell
Cash strapped regional airline LIAT will shortly be receiving a major boost in funding from the government of Antigua & Barbuda. Prime Minister Baldwin Spencer has announced that Antigua & Barbuda will be injecting an additional US$20 million dollars into the airline, the result of a deal brokered with Venezuelan President Hugo Chavez.
Despite high operating costs, the profitability of Caribbean hotels continues to be high, according to a recently released study.
The study, which was conducted by PKF Consulting, and based on financial statements from 35 hotels across the region, including properties in Antigua, Aruba, Bahamas, Jamaica and the British Virgin Islands, revealed that in 2005, Caribbean hotels earned an average of US $111,414 per available room, representing a profit of US $25,541 per room.
Bridgetown, Barbados – July 16, 2006. The safe movement of people during next year’s cricket World Cup in the Caribbean is the subject of a major meeting of officials in Antigua next week. World Cup organisers, and officials from the …
The St. Kitts and Nevis Chamber of Industry and Commerce is hailing the construction of the new Warner Park Cricket Stadium as a “significant investment in sports tourism.”
President, Mr. Franklin Brand in his address at the 24th Annual St. Kitts and Nevis Private Sector Banquet said that the recently opened multi-million facility, which was financed by the Government of the Republic of China on Taiwan, “is impressive, and the Government and people of this Country should be proud of its establishment.”
CHARLESTOWN NEVIS (July 14, 2006) — At the end of three sea turtle camps at the Four Seasons Resort, the first of which concludes later today, at least 55 students would become honorary members of the Nevis Turtle Group and would contribute to the conservation of sea turtles which nest on Nevis.