For the first time in many years, investors in the hospitality sector are looking at the cost/benefit analyses of doing business in Bermuda and deciding the Island is a sound bet.

The Green family are pumping millions of dollars into Hamilton’s Princess Hotel and the faded dowager of Bermuda tourism has quickly taken on a new vibrancy and an appealing new direction.

Work is under way to rebuild and rebrand Pink Beach, a gem of a property nestled along a picturesque stretch of the South Shore, and the stylish Newstead Belmont Hills resort has a new owner.

Ground will soon be broken on the Morgan’s Point development, a massively expensive project that will include a chic boutique hotel, private residences and a marina.

Other properties are upgrading and adding new facilities to meet the expected demand for rooms that will result from Bermuda hosting the America’s Cup yachting regatta in 2017.

That Bermuda will be the setting for computer mogul Larry Ellison’s defence of the “Auld Mug” has, of course, provided much of the impetus for the renewed interest in our hospitality sector — and a slew of new investments already worth hundreds of millions of dollars.

Other direct, indirect and induced benefits of the sailing championship will begin to be felt throughout the economy in the coming months. The pending redevelopment of the LF Wade International Airport by a public-private partnership, for instance, amounts to a multimillion-dollar show of confidence in the Island’s long-term prospects.

The construction sector will soon undergo rapid and sustained growth, driven by developers who want to beat the calendar and have infrastructure improvements to hotels and retail and recreational amenities completed in time for the regatta.

And the knock-on effects in other areas of economic activity have the potential to be just as profound.

Thanks to the America’s Cup, the Island’s tourism industry could reap benefits that extend well beyond the duration of the 2017 races. For, with the international media exposure Bermuda will enjoy as a result of the America’s Cup being held here, the Island is better positioned than it has been in decades to re-establish itself as a high-end luxury resort.

But any such long-lasting recovery is obviously predicated on Bermuda retaining the trust of foreign investors.

There’s no bigger coward in the world than big money and any hint of instability or heightened political or social tensions can be sufficient to send it scurrying for shelter elsewhere.

By and large, Bermuda is obviously considered a stable and safe choice for investors.

But recently the continuing fractiousness of Bermuda politics has raised eyebrows — and more than a few concerns — among those investing both their money and their confidence in the Island.

The Opposition has been on permanent election footing in the past few months. Its leadership has launched what amounts to a campaign of ceaseless agitation against the Government and its initiatives, one marked by increasingly immoderate language, flamboyant theatrics and sometimes questionable gamesmanship.

As a consequence, the Island’s political temperature is being kept deliberately overheated; even minor and relatively non-contentious matters on the public agenda are now being routinely subjected to entirely overwrought Opposition scrutiny.

The Speaker of the House of Assembly must have been sorely tempted to adjourn some recent sessions of the legislature as “disorderly assemblies” so chaotic and so unnecessarily rancorous have debates become.

Even battle-hardened parliamentary observers have commented that it’s next to impossible to exaggerate the intensity of the passions now on regular display in Bermuda’s Lower House.

And last week, of course, a boisterous public demonstration organised by the Opposition spilled over into the Senate Chamber, bringing legislative business there to a temporary halt.

Clearly the time has come to lower the political temperature a few degrees.

It’s hard to fault politicians for being ambitious or an Opposition for zeroing in on a Government’s perceived weaknesses. Our Westminster parliamentary system is, after all, largely predicated on the mutually antagonistic relationship between the rival parties.

Nevertheless, parliamentarians are always obliged to put the public interest ahead of narrow party interests. No matter how intent the Opposition is on securing victory at the next election, its leaders must accept that not all tactics which they hope will advance this overriding strategic objective are justified.

It’s certainly not unknown here or elsewhere for politicians to preach their own party political dogma with such unswerving faith that they become blind to the grim realities of objective facts.

And the facts Bermuda continues to be confronted with, even after seven years of sustained economic contraction, are indeed grim.

The Opposition needs to begin factoring these realities into its political calculations and then proceed accordingly.

Moderating the tone and intensity of its criticisms doesn’t mean abandoning either its constitutional watchdog role or its goal of retaking the government benches at the next election.

Frankly, a more judicious approach to the issues of the day on the Opposition’s part would not only shore up confidence in the Island among foreign investors, it may also be the best way for the Progressive Labour Party to regain the trust of Bermudian voters who abandoned it in December 2012.