Asian-News.net is your go-to online destination for comprehensive coverage of major news across Asia. From politics and business to culture and technology, we bring you the latest updates, deep analyses, and critical insights from every corner of the continent. Featuring exclusive interviews, high-quality photos, and engaging videos, we keep you informed on the breaking news and significant events shaping Asia. Stay connected with us to get a 24/7 update on the most important stories and trends. Our daily updates ensure that you never miss a beat on the happenings in Asia's diverse nations. Whether it's a political shift in China, economic development in India, technological advancements in Japan, or cultural events in Southeast Asia, Asian-News.net has it covered. Dive into the world of Asian news with us and stay ahead in understanding this dynamic and vibrant region.

Contacts

  • Owner: SNOWLAND s.r.o.
  • Registration certificate 06691200
  • 16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
  • Czech Republic

No slowdown in spending among the wealthy on this Bahamian island

Word that Taylor Swift and Travis Kelce had been seen on the marina of this tiny speck (5 square miles) of an island for a vacation was met with bemusement by the tourists who had gathered to watch the magnificent sunset at the bar, and with dismay by locals, worried that their little speck of paradise was turning into the next Saint Barts.

"I hear she's staying right up the street," a woman sitting alone at the bar told us. She was cheerfully downing perfectly chilled prosecco in a champagne flute.   

The locals seemed unimpressed.

"It's the two percenters who are coming, and the ultra-rich," one shopkeeper told us, noting that business had been brisk among the wealthier Americans, Canadians and Brits that are the backbone of the economy here.   

Maybe too brisk.  

"We have 20 billionaires on this island alone. The traffic is getting to be unbearable," she said, eyeing me suspiciously.  

I straightened up and tried looking like a two percenter, but I wasn't sure what they looked like.

Traffic? What traffic? I looked out the window of her shop. Most people were driving around in golf carts. With a population of only 1,800, Harbour Island and its one and only town, Dunmore Town, makes Saint Barts (population 11,000) look like midtown Manhattan.

The woman herself, she explained, had moved to Eleuthera, a 10-minute water taxi ride away, where the hoi polloi rarely come, apparently.

All of which begs the question: Why on earth would anyone, let alone Taylor Swift and a bunch of billionaires, come to this tiny speck?  

Why are there so many huge yachts sitting in Valentines Marina?

Harbour Island is barely an island. It's an island off an island, in this case Eleuthera, some 60 miles northeast of Nassau. You can't fly in. You have to

Read more on cnbc.com