Tourism activity showing signs of improvement
October 15, 2012
New luxe hotel properties, a higher return for investors, and greater satisfaction by cruise passengers visiting the island are spelling out a brighter outlook for Puerto Rico's tourism industry, according to Tourism Co. Executive Director Luis Rivera Marín.
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Dorado Beach, Ritz-Carlton Reserve taking reservations
October 12, 2012
Two months ahead of its scheduled grand opening, the Dorado Beach, a Ritz-Carlton Reserve announced this week it has begun accepting reservations to stay at what will be Puerto Rico's most lavish hotel property.
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Puerto Rico carving out medical tourism niche
October 10, 2012
With an economy still struggling and health costs soaring, many United States residents are opting to seek quality medical care at lower prices, and this is a niche that has enormous potential for Puerto Rico, as the island offers high quality healthcare at 40 percent to 60 percent less than the U.S.
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Puerto Rico airport P3 draws many comments online
October 1, 2012
While dozens of representatives from the public, private and labor sectors asked for a turn to speak during last Friday’s Federal Aviation Administration-sponsored hearing on the proposal to transfer the operation of Puerto Rico’s main airport facility, the Luis Muñoz Marín Airport, out of the government’s hands, others have opted to go online to express their thoughts on the historic transaction.
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Air Flamenco claims Cape Air got ‘preferential treatment’
September 28, 2012
The president of Puerto Rican airline Air Flamenco asked the local government to reconsider its endorsement of a subsidy to Massachusetts-based Cape Air for flights connecting the Luis Muñoz Marín International Airport.
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Hotel Campomar issued ‘cease and desist’ over illegal casino
September 21, 2012
The Financial Institutions Commissioner (known as OCIF for its initials in Spanish) announced Thursday it issued a “Cease and Desist” order against Hotel Campomar and Restaurant in Toa Baja, and its president Carlos Fuentes, for operating an unlicensed gambling hall.
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FAA to review LMM P3; Aguadilla airport lands FTZ nod
September 20, 2012
Upon determining that the final application from the Puerto Rico Ports Authority and the Puerto Rico Public-Private Partnerships Authority to turn the management of the Luis Muñoz Marín International Airport over to private hands is “substantially complete,” the Federal Aviation Administration officially opened a 60-day review period.
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Fortuño moves on DMO; García-Padilla balks at concept
September 20, 2012
Gov. Luis Fortuño told Puerto Rico hoteliers Wednesday he will be signing an executive order next week to formally establish a public-private workgroup to outline the structure and duties of what will be the island’s Destination Management Organization.
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Eagle Hospitality selling Embassy Suites in Isla Verde
September 11, 2012
Eagle Hospitality Properties Trust, which owns 13 premium-branded hotels including the 299-room Embassy Suites San Juan Hotel & Casino in Isla Verde, announced Monday it has reached an agreement with its secured lender that allows it to sell its portfolio and repay its secured debt at a discount.
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PRHTA to grill gubernatorial candidates in annual convention
September 6, 2012
The Puerto Rico Hotel and Tourism Association will mark its annual convention to be held Sept. 17-21 by asking the island’s gubernatorial candidates to outline their strategies to tackle five main “pillars” of concern to the industry: security, the current labor situation, energy costs, casino-related problems, and the much-discussed creation of the destination management organization.
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Hilton Ponce marks 20th anniversary with $500K in upgrades
September 5, 2012
The Hilton Ponce Golf & Casino Resort is marking two decades of operations in Puerto Rico’s second-largest town with some $500,000 in property upgrades — including a waterpark and upgraded pool facilities — that should be completed next month, José Caro-Cohen, business development director told News is my Business.
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Report: Air traffic lags as industry transforms
August 31, 2012
While the average of air passenger departures out of U.S. mainland airports has gradually risen in the past 12‐months, the same activity out of Puerto Rico airports has zigzagged, according to Banco Popular’s “Progreso Económico” report released Thursday.
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FAA plans Sept. 28 public hearings on LMM P3
August 30, 2012
The Federal Aviation Administration will hold on Sept. 28 what will likely be the only public hearing on the proposed public-private partnership through which the government of Puerto Rico would turn the management of the Luis Muñoz Marín International Airport over to Aerostar Holdings, News is my Business learned.
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‘Priceless Puerto Rico’ program exceeds 1st year expectations
August 30, 2012
Puerto Rico’s inclusion in MasterCard’s “Priceless Cities” program has resulted in higher-than-expected levels of success during its first year and is now being set up for an expansion beyond the San Juan metropolitan area into other towns with brisk tourism activity.
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Chef Ducasse out of W Retreat, eatery re-opens as Sorcé
August 28, 2012
Two and half years after renowned Restaurateur and Chef Alain Ducasse opened his first restaurant in the Caribbean, miX on the beach at the W Retreat & Spa in Vieques Puerto Rico, the hotel announced a new eatery, Sorcé, has taken its place.
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