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Wednesday, June 14, 2006

More hotel rooms needed

About 1,000 new hotel rooms will be needed every year for the next five years if the industry is to keep up with current growth trends.

The current room stock is inadequate to cater for the growing demand, although the construction of new integrated resorts will be able to resolve some of these needs over the next three years. The present room count is 7,800 rooms.

Over the last five years, tourist numbers had increased substantially at an average of 10% per year. The all-time high was last year with 521,000 tourists which brought in F$791 million in foreign exchange earnings.

A survey noted that visitors were spending more in Fiji but were staying for shorter periods. Government said it would need to look at causes for this.

In the meantime, the chairman of the Bula Fiji Tourism Exchange said that it was not likely that Fiji would meet its target of turning tourism into a billion dollar industry by the end of 2007. However, the Fiji Visitors Bureau said that it was still optimistic that this target could be met.

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. Our contacts are : telephone +679 3396427 or e-mail gilbert@connect.com.fj.

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