22 June, 2006

Tourism on track to deliver promise

The tourism industry is on track to become a billion dollar industry by 2007, according to the Fiji Visitors Bureau. The Bureau said Fiji had an average annual growth rate of 12% for visitor arrivals from its popular markets in Australia, New Zealand, the United States, the United Kingdom and continental Europe. Provisional statistics on visitor arrivals in 2005 stated that almost 550,000 international holiday makers came to Fiji and the Bureau said that this was expected to increase to 600,000 in 2007. The Bureau added that an unrivalled growth in new inventory and a boom in international investment which were happening were important factors in achieving the tourism industry's objectives. Currently there was about F$700 million worth of foreign investment in new tourism developments and several major tourism projects were now on-line by investors who had been encouraged by the positive growth of tourist arrivals. With several big brand hotels opening in 2006 and 2007, the Bureau said there would be sufficient infrastructure in the country to enable the massive growth projected. A snapshot of properties under development include a Hilton Hotel, The Westin Hotel, Radisson Hotel, Four Seasons Hotel, JW Marriott and an Intercontinental, to name a few. Every new hotel has a conference facility which will establish Fiji as a serious contender for Australia, New Zealand and other international markets in the area of hosting conferences and meetings. Note from GV : Foreign investors wishing to set up business or invest in Fiji can use our company, Gilbert & Samuels Company Limited, to facilitate all necessary licences, permits and approvals required for setting up. We provide other business advisory services as well. Our contacts are : telephone +679 3396427 or e-mail gilbert@connect.com.fj.

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