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Mario Carey ‘Airbnb Potential to Spur Economic Growth Unlimited’, Could Drive Investment, Banking and Hotels to New Heights

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#Bahamas, August 21, 2017 – Nassau – The Bahamas has barely scratched the surface of benefits from the short-term home rental movement fostered by companies like Airbnb, says a top real estate broker.

“Airbnb is revolutionizing the travel market enabling visitors to live in a home or apartment where they can experience local life.   Airbnb’s popularity among families is especially strong.   They may be able to enjoy a pool, a back yard where children can play, a patio for friends to come over for a barbeque,”  said Mario Carey, Chairman, Better Homes and Gardens MCR Bahamas Group.

“While it is a great business for the homeowner and a great experience for the visitor, short-term home rentals like listings on Airbnb should also be viewed as a trigger for economic growth.   The potential is unlimited with the trickle down effects and now that the Bahamas Ministry of Tourism has signed an agreement with Airbnb the uncertainty about taxation, collection and referrals is resolved.   That is definitely a step in the right direction that opens many more doors without burdening the homeowner with over regulation.”

Online booking portals like Airbnb and HomeAway are sweeping the market, opening new ways for visitors to experience destinations and accounting for a larger share of the visitor market with Airbnb’s growth in a few short years nothing short of remarkable.   The online portal now accounts for some 80 million guest arrivals in 191 countries with $3.5 billion in earnings projected by the year 2020.

Carey sees its impact on The Bahamas where there are currently between 1,200 and 2,000 Airbnb rentals making the country an even more attractive destination.   Homeowners list their properties on the website, Airbnb posts availability with photos and comments about the property from those who have stayed there previously.   The homeowner cannot remove or alter negative comments, should there be any, without good reason, a feature that adds to the site’s credibility.

According to Carey, whose MCR Bahamas Group handles luxury vacation rentals along with sales, leasing, property management and appraisals, the new market trend is a shot in the arm for construction, banking and Bahamian investment.

“Banks should be able to rely on Airbnb revenue which can be verified so they can lend to a homeowner who wants to expand or improve their property or build a second home to take advantage of the market,” Carey said. “That means new business for banks or other lenders. Meantime, the homeowner is engaging a contractor so that adds jobs to the economy.   And that homeowner is growing their income stream.   This model has worked extremely well in the Family Islands. In Abaco, it was the model long before Airbnb was even created and there is a whole rung of the economic ladder that thrives on short-term home rentals.”

Because it acts as a hotel, Airbnb’s should be entitled to certain incentives, Carey believes.

“If Airbnb’s get real property tax exemption, it would encourage more people to use part of their homes or invest in improvements and the more interest there is in this sector of the economy, the more we grow the number of Bahamians who are owners and entrepreneurs,” said Carey.

“Banks and government should fully embrace the concept and at some point, I believe that hotels will start to make design changes to compete with vacation home rentals,” Carey said.   “Hotels offer advantages that Airbnb’s do not, including restaurants, entertainment, shopping, spas and other resort amenities.   If they were to expand to include larger privacy areas, individual play areas, kitchenettes, I believe you would see a whole new industry emerge.   I truly believe we have barely touched the potential of the Airbnb and short-term vacation rental phenomenon that costs us absolutely nothing to pursue.”

Carey was among the first to call for Airbnb’s to be recognized officially.

“We need to officially recognize this facet because it is a growing and important part of our tourism product, but we cannot burden the homeowner extensively.   I believe a one-time health inspection or annual health inspection would be fine, a license, and payment of the fee at the front end directly to Airbnb would be a reasonable proposition.   The Ministry of Tourism already cleared up much of the confusion and we are moving in the right direction,” said Carey who has handled more than $2 billion in transactions in a career of more than 30 years with the highest certification in luxury marketing in the international real estate industry.   His company is a division of the world’s fastest growing residential real estate brand and Carey, a triathlete, has served in numerous capacities on various civic and business boards.

Press Release: DPA News

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CIBC Caribbean Celebrates 2026 Unsung Heroes Finalists

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Nassau, Bahamas, 22 September 2026 – Six Bahamians whose service is making a difference in communities across the country were recently celebrated by CIBC Caribbean as the bank brought together its top 2026 Unsung Heroes finalists for a special recognition event.

The 2026 finalists were Kristin Butler-Beneby, Dinola Williamson, Amanda Knowles, Tamara Clarke, Ruth Fawkes, and Jaquay Adderley.

During the event, CIBC Caribbean also announced Dinola Williamson as the first runner-up in this year’s program. Williamson is an educator and community activist who has spent more than two decades in education and leads the Family Better Together Kabbalistic Kids Club. Her community work has reached children in Englerston, Fox Hill, Acklins, Crooked Island, and Grand Bahama through mentorship and activities designed to support their holistic development.

CIBC Caribbean Head of Country Terrance Gibson said the gathering was intentionally focused on celebrating the collective impact of the finalists.

“Unsung Heroes is about recognizing the people who may not always receive the spotlight, but whose commitment is felt every day in the lives of the people and communities they serve,” he said.

“While Kristin emerged as our 2026 Unsung Hero, and Dinola as our runner-up, each nominee represents the spirit of this program. They saw needs in their communities and made the decision to act, to serve, and to keep showing up. CIBC Caribbean is proud to recognize them and to help bring greater attention to the work they are doing.”

The recognition event also brought together members of the judging panel who reviewed this year’s nominations and selected the program’s honorees. The panel comprised Olympic gold medalist Tonique Williams, Bahamas Red Cross President Edison Sumner, Guardian Lifestyles Editor Shavaughn Moss, and Organization for Responsible Governance Executive Director Matt Aubry.

During the event, each finalist spoke about the community work that led to their nomination. The judges were also recognized for lending their time and expertise to the selection process.

Gibson added, “Recognition is important, but we also hope that sharing these stories encourages others to look around their own communities, see where they can make a difference, and act.

“Our Unsung Heroes remind us that meaningful change often begins with an individual who simply decides to help.”

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Public Hospitals Authority Foundation Donates Dialysis Machines to Princess Margaret Hospital (PMH)

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The Bahamas, September 21, 2026 – The Public Hospitals Authority (PHA) Foundation, a philanthropic organization launched in January 2024 to support public hospitals and healthcare clinics, donated eight additional dialysis machines for the PMH Renal Services unit.

Director of Foundations, Corporate and Community Relations for the Public Hospitals Authority and Executive Director of the foundation, Alana Major, said this initiative is a part of the foundation’s “Sun, Sea and Second Chances” campaign.  PHA Foundation aims to secure 30 machines for Princess Margaret Hospital.

“As of today, with this donation, we are now up to 15 machines, so we are very excited about that,” Ms. Major said.

Other members of the foundation were present, including PHA Foundation Chairman Mr. Selvin Basden, who said the foundation is committed to doing its part in fulfilling the mandate of the Government of the Bahamas.

“One of the tenets of the Government is to ensure that access to healthcare is a human right. We are committed to ensuring that, at least from our part, we can deliver on that principle,” Mr. Basden said.

The PMH Renal Services Unit dialyzes about 150 to 170 patients annually. The unit provides care for patients who have been diagnosed with end-stage kidney disease and now need renal support. Patients who receive dialysis typically come to the unit three times a week, either on a Monday-Wednesday-Friday schedule or a Tuesday-Thursday-Saturday schedule.

Head of Department for Renal Services, Dr. Thurston Carroll, said she and the unit are excited to receive the donation, as it will replace machines that are not operating optimally.

“We are particularly excited about today’s donation because, although we have 20 stations within the dialysis unit, we have an aging fleet. These new machines and new water-treatment equipment will allow us to replace some of our aging equipment so that we can continue providing services to our patients.”

Foundation representatives noted that one or two organizations are already considering making bulk donations and if it happens, the foundation may be able to secure another 10 machines or another five machines in the very near future.

PMH Deputy Hospital Administrator Angelica Lockhart-Bastian and Hospital Administrator Mr. Tevard Bastian thanked the PHA Foundation for its donation to Princess Margaret Hospital.

Also in attendance were PHA Foundation Deputy Chairman Dr. Erecia Hepburn; Foundation guest Dr. Maria Oriakhi; Chief Biomedical Engineer Mr. Theodore Nottage; Administrative Officer Ms. Appapisa Neely; and Senior Assistant Hospital Administrator Mr. Valdez Bowe.

 

By Christina Williams 
Bahamas Information Services

BIS Photos/Mark Ford

PHOTO CAPTION:

Group Photo, from left:
– Dr. Rhea Thurston Carroll, Director, Renal Services, PMH
– Nurse Kim Harris, Dialysis Nurse, Dialysis Unit, PMH
– ⁠Sister Darnell Roker, Nurse Manager, Dialysis Unit, PMH
– Mrs. Angelica Lockhart-Bastian, Deputy Hospital Administrator PMH
– Mr. Tevard Bastian, Hospital Administrator PMH
– Mrs. Alana Major, Director, Foundations, Community and Corporate Relations, PHA
– ⁠Mr. Selvin Basden, Chairman, PHA Foundation
– ⁠Dr. Erecia Hepburn, PHA Foundation Board
– ⁠Ms. Donette Danvers, Executive Assistant, Foundations, Community and Corporate Relations, PHA

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Romer Receives Regional Leadership Award

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Miami, Florida – Director of Aviation and Deputy Director General of Tourism, Dr. Kenneth Romer was presented with The 2025-2026 Infrastructure Leadership MVP Award, during the 10th Annual Caribbean Infrastructure Forum (CARIF) held in Miami September 15-16, 2026.

According to event organizers, New Energy Events, the MVP Leadership Award is the highest individual honor in the industry and is presented to an individual who has demonstrated exceptional, strategic and visionary leadership in advancing infrastructure in the Caribbean. Chosen by an independent jury of regional industry leaders, “The recipient is recognized for their sustained impact, influence across sectors, and dedication to driving meaningful progress in policy, investment, or project delivery”, said Event Organizers.

Romer becomes only the third person from the Region, and the first from The Bahamas to receive the Leadership MVP Award, joining last year’s winner The Honourable Mia Mottley, Prime Minister of Barbados.

Represented among the Conference Speakers and present at the Award Ceremony was Minister of Energy, Utilities and Aviation, The Honourable JoBeth Coleby-Davis, who said that, “This award amplifies The Bahamas Government’s commitment to executing a vision that sets the benchmark for infrastructural investments opportunities across our archipelago while supporting exemplary Bahamian leaders like Dr. Romer, who are steering the Caribbean toward more resilient, investable, and innovative infrastructure”.

“While this award is deemed an individual honor, it is a recognition of the Bahamas’ position as a respected regional leader and more so, a reflection of the incredible talent that resides within our small, but indomitable nation that continues to punch above its weight class as the world marks the manner of our bearing”, said Dr. Romer.

Dr. Romer has been instrumental in driving post-pandemic tourism recovery alongside the transformation of airports across the Family Islands through the Government’s landmark Family Islands Renaissance initiative. Under his leadership as Director of Aviation and Deputy Director General of Tourism, the sector has embraced a strategic, forward-looking approach focused on modernizing over 19 runways and terminals, strengthening safety and resilience, expanding international and regional connectivity, and leveraging public-private partnerships to deliver world-class facilities.

Dr. Romer’s work has helped translate the National Aviation Strategic Plan into tangible infrastructure projects that are creating new opportunities for tourism, investment, entrepreneurship and economic growth across the archipelago.

In 2025, he became the first person from the Caribbean and LATAM Region to be appointed to the Board of the International Association of Airports Executives.

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