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Business & Finance

Grenada: Accelerating to Full Recovery

GRENADA, October 12, 2005. Grenada was wrecked by the might of Hurricane Ivan over a year ago. Losing some 90 per cent of her homes Grenada is now accelerating to a full recovery. The Grenada Board of Tourism reports that efforts to rebuild and enhance the tourism industry are successful, with new and enhanced attractions available and most of the hotels now open.

"One year into the rebuilding of Grenada, all hands are on deck to 'Build Back Better' and recreate a destination that truly reflects the capacity of Grenada to deliver services that exceed visitor expectations," said Naline Joseph, Head of Marketing for the Grenada Board of Tourism.

Currently, as it relates to the accommodation sub-sector, 1,087 rooms are available for occupancy. This constitutes approximately 68% of the room stock on the island. By the end of 2005, 90% of the pre-Hurricane Ivan room stock will be functional. Among those that will commence operations are the newly upgraded 80-room Coyaba Beach Resort and the 64-room Spice Island Beach Resort. Recent months have also seen the reopening of the renovated Blue Horizons Garden Resort and the Grenadian by Rex Resorts. The brand new Ki Ki Apartments, offering 17 apartments, also debuted recently near True Blue Bay.

The tourism product mix has been further enhanced with the introduction of adventure river tubing as Grenada's newest attraction and new video and audio equipment for the whale-watching experience with First Impressions.

Tourism Services Limited, a company specialising in Grenada adventure jeep and mountain biking, is now offering adventure tubing tours at the Balthazar River. The 60-90 minute tour package is US$45 per person and includes equipment, safety briefing and refreshment.

Training for taxi drivers, water taxi operators, ground tour operators, tourist vendors, managers, workers, and owners of hotels, as well as construction workers, received major priority during the summer.

"This was structured to ensure that the beginning of the new tourist season will take place in an environment that is equipped with fully trained and highly motivated service providers and stakeholders," added Joseph.

The cruise aspect of the industry is being upgraded as the second phase of the new cruise ship port and terminal project nears completion. The inclusion of duty-free shopping facilities and other commercial retail outlets in this multi-million dollar project will enhance the experiences that arriving passengers will have in Grenada.

Coming Up In The December Online Hotel Business Review




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Feature Focus
Hotel Law: Issues & Events
There is not a single area of a hotelís operation that isnít touched by some aspect of the law. Hotels and management companies employ an army of lawyers to advise and, if necessary, litigate issues which arise in the course of conducting their business. These lawyers typically specialize in specific areas of the law Ė real estate, construction, development, leasing, liability, franchising, food & beverage, human resources, environmental, insurance, taxes and more. In addition, issues and events can occur within the industry that have a major impact on the whole, and can spur further legal activity. One event which is certain to cause repercussions is Marriott Internationalís acquisition of Starwood Hotels and Resorts Worldwide. This newly combined company is now the largest hotel company in the world, encompassing 30 hotel brands, 5,500 hotels under management, and 1.1 million hotel rooms worldwide. In the hospitality industry, scale is particularly important Ė the most profitable companies are those with the most rooms in the most locations. As a result, this mega- transaction is likely to provoke an increase in Mergers & Acquisitions industry-wide. Many experts believe other larger hotel companies will now join forces with smaller operators to avoid being outpaced in the market. Companies that had not previously considered consolidation are now more likely to do so. Another legal issue facing the industry is the regulation of alternative lodging companies such as Airbnb and other firms that offer private, short-term rentals. Cities like San Francisco, Los Angeles and Santa Monica are at the forefront of efforts to legalize and control short-term rentals. However, those cities are finding itís much easier to adopt regulations on short-term rentals than it is to actually enforce them. The December issue of Hotel Business Review will examine these and other critical issues pertaining to hotel law and how some companies are adapting to them.