Bahamas Resorts Hit Hard by Recession

Some of the most prominent resorts in the Bahamas have closed their doors as the islands try to weather a storm bigger than the hurricanes that sometimes plague the region: the ongoing economic recession. The latest victims: the Port Lucaya Resort and Yacht Club on Grand Bahama Island, which closed at the end of August, and the Wyndham Nassau Resort, which temporarily shut its doors until Oct. 5 in the face of glacial bookings during the Caribbean's traditional low season.

Earlier, the Four Seasons on Great Exuma closed, a big blow to the Bahamas' prestige softened somewhat when Sandals announced that it would buy the luxury property and convert it to an all-inclusive.