{"id":28312,"date":"2012-11-19T08:52:31","date_gmt":"2012-11-19T13:52:31","guid":{"rendered":"http:\/\/www.bahamasb2b.com\/news\/?p=28312"},"modified":"2012-11-19T08:52:31","modified_gmt":"2012-11-19T13:52:31","slug":"speed-week-aims-to-break-even-on-investment","status":"publish","type":"post","link":"https:\/\/www.bahamasb2b.com\/news\/2012\/11\/speed-week-aims-to-break-even-on-investment","title":{"rendered":"Speed Week Aims To Break Even On Investment"},"content":{"rendered":"

\"\"Bahamas Speed Week Revival organisers said they were looking to generate at least 1,000 room nights, and hope to get close to breaking even this year after investing nearly $2 million in the upcoming event.<\/p>\n

Brendan Foulkes, Speed Week\u2019s hospitality and entertainment director, a guest speaker at the Rotary Club of West Nassau, told Tribune Business that Speed Week was at the top of the Bahamas\u2019 sport tourism push.<\/p>\n

\u201cOverall we have invested $1.5 million easy, and could be nearing $2 million. It is a very expensive undertaking,\u201d he added.<\/p>\n

\u201cJust to bring the cars from overseas, the ones that are coming from Europe, that\u2019s a 19-day trip and that\u2019s not cheap. We have to bear that cost as the organisers.<\/p>\n

Mr Foulkes added: \u201cI would venture to say in total we probably will have $50 million worth of cars at Arawak Cay. One car alone is valued at about $3 million coming in from Europe.\u201d<\/p>\n

He said organisers were looking to reach at least 1,000 room nights this year. \u201cLast year we had about 600 room nights. We are hoping to get at least 1,000 room nights this year. We had a target of 1,500-2000 last year, which was a bit unrealistic,\u201d said Mr Foulkes.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bahamas Speed Week Revival organisers are hoping to generate about 1,000 room nights, and at least come close to breaking even on their near $2 million investment.<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10223285771444175_51037792744":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[3],"tags":[546,105,44],"class_list":["post-28312","post","type-post","status-publish","format-standard","hentry","category-business","tag-cars","tag-events-2","tag-history"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/28312","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=28312"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/28312\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=28312"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=28312"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=28312"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}