Fiji’s tourism revenue to cross billion mark


<p style="text-align: justify;">Fiji Reserve Bank Governor Barry Whiteside expects the country’s tourism revenue to cross the $1 billion mark this year. <!--more--></p>

[caption id="attachment_1661" align="alignright" width="250" caption="Vuda Marina expansion project. Image / Vuda Point Marina"]<a href=""><img class="size-full wp-image-1661" title="Web - New Vuda Marina Extension" src="" alt="" width="250" height="165" /></a>[/caption]
<p style="text-align: justify;">The forecast has been revised upward after estimates of inbound tourist numbers showed a growth of 10 per cent instead of the initially estimated 5 per cent.</p>
<p style="text-align: justify;">Meanwhile the tourism sector is working toward making Fiji a viable and premium investment destination for investors, according to the administration. Speaking to a group of investors from the United States, acting permanent secretary for Industry and Trade Shaheen Ali said, “The US has always been the third or fourth largest export destination for Fiji and the recent trend and data suggest that this will increase and grow in 2011.”</p>
<p style="text-align: justify;">The prospective US investors had meetings with local businesses, financial institutions and government during their weeklong stay in Fiji.</p>
<p style="text-align: justify;">There is growing interest among prospective investors after the administration’s announcement of land reforms said to help facilitate long term availability of what is regarded as native land to foreign investors, according to Mr Ali.</p>
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