Interval: Bahamas has edge on other Caribbean destinations
5th October 2010
Interval International's affiliated timeshare properties in the Bahamas continue to generate a high market share when compared to other Caribbean islands, according to the company's regional sales and service director.
Neil Kolton told Bahamian newspaper Tribune Business that Grand Bahama's Island Seas Resort and Paradise Island's Harborside Resort properties have sold - and continue to sell - extremely well. Harborside recently revealed that its inventory is 97 per cent sold out, and Kolton added that Island Seas was also selling a large amount of units each year.
He said that despite the depressed Grand Bahama market and foundering stopover visitor numbers, the property, with its timeshare model, draws those owners to their vacation spot yearly and added that the islands' proximity to the US is a huge draw for individuals who want to purchase shared ownership properties. However, he lamented that like many other Caribbean islands, the barriers to doing business in the Bahamas often dissuade investment in large, branded, mixed-use and exclusively timeshare-centred properties.