$95.5m potential

$95.5m potential

Fiji Times – Wednesday 6th November, 2019.

FIJI has the potential to add a total of $US43.98 million ($F95.5m) into its economy in the next 10 years.

This was possible if new investments were made to attract more cruise tourism as highlighted in a study led by the International Financial Corporation, commissioned by the Fijian Ministry of Industry, Trade and Tourism (MITT), the Australian Government with the assistance of Carnival Australia and Royal Caribbean International.

The Assessment of the Economic Impact of Cruise Tourism in Fiji which was launched in Suva, yesterday revealed that cruise tourism had contributed a total of $US21.4m ($F46.5m) to the Fijian economy in 2018.

This also had the flow on effects of tourism worth an extra $US22.7m ($F49.3m).

It was reported, the private sector was the biggest “winners” earning 70 per cent of the revenue from cruise tourism and 28 per cent being received by the Fijian Government.

The study revealed every cruise ship voyage had yielded an average of $US147,000 ($F319,125) in spending at every port of call and in addition to this every passenger on board spent an average of $US44.Read more…