Groups not coming to Atlantis

Read storyGroup bookings at the Atlantis' Resort are way down and are probably going to stay that way.

George Markantonis, president and managing director of Kerzner Bahamas, told The Nassau Guardian that companies that would normally come to the resort for meetings and rewards programs are cutting out exotic trips.

Citigroup Inc.'s Primerica Financial Services recently canceled a trip for its salespeople. Markantonis said that would have a big impact on occupancy levels but said the hotel intends to collect cancellation fees.

Despite the loss of much of its most important business, the Atlantis executive told The Nassau Guardian that the resort is more or less on target. There are no plans for layoffs among the resorts' 8,000-plus workers.

Full Story in The Nassau Guardian here