With the tourism industry set to grow around the South Pacific region, there is no better time than now to invest in tourism related businesses in the region, says Pacific Trade Invest (PTI) New Zealand Chief Investment Officer Manuel Valdez. Heading PTI NZ’s Investment initiative, Mr Valdez manages PTI NZ’s online Pacific Hub trade and investment database, (www.pacifichub.co.nz), which lists investment projects around the Pacific Islands region.
The Pacific Hub is a web resource for companies and investors seeking opportunities for trading with and investing in the Pacific Islands region. It’s essentially a tool for the PTI team in New Zealand to help international businesses and investors find trade and investment opportunities in the islands.
“There are very attractive prospective tourism investment projects in Fiji, the Cook Islands, Vanuatu, Samoa, Tonga and other island nations,” Mr Valdez told Pacific Periscope this week.
Of more than 180 potential investment projects listed, valued at more than $400 million, nearly 60 per cent are tourism-related, Mr Valdez said.
Tourism, mining and mineral resources consist of the bulk of investment projects and range from $20 million to $300 million. “So there is a range of projects in terms of the amount of investment as also a range of types of tourism businesses that are listed,” Mr Valdez said. “There are projects to fit a wide range of investors and interests.”
How does one use the Pacific Hub? “All one has to do is visit the website and click on any of the projects of interest. That will generate a form that the Investment Team at PTI NZ will receive,” Mr Valdez said. Mr Valdez manages the due diligence process as well as the introductions between parties for investment projects.
Recently, three tourism-related projects in the Cook Islands received investors through the Pacific Hub, Mr Valdez said. These were profiled in a previous edition of Pacific Periscope.
“Tourism is growing impressively in several countries and there is a range of projects small, medium and big in each of these countries. Investment to develop boutique style properties with niche themes and amenities abound around the region – something to excite creative entrepreneurs,” Mr Valdez said.
Earlier this week, the annual South Pacific Tourism Exchange is reported to have attracted 62 buyers or travel agents from 14 countries around the world and 94 sellers or tourism operators from Pacific Island member countries and the New Zealand. The Fiji-headquartered South Pacific Tourism Organisation (SPTO), a Council for Regional Organisations of the Pacific (CROP) organisation hosts the Expo every year.
“The success of the Expo as reported underscores that importance of the tourism sector in the region and is yet another indicator of the investment opportunities that PTI NZ can help investors identify and work with, Mr Valdez said.
For more information, email PTI NZ Chief Investment Officer Manuel Valdez at email@example.com