The tourism trade is working to arrange itself in opposition to any unexpected shocks which will impression the worldwide financial system – particularly, that of Fiji’s largest vacationer sources, Australia and New Zealand.
On the Nationwide Financial Summit final week, Ministry of Finance everlasting secretary Shiri Gounder warned {that a} main slowdown within the Australian and New Zealand economies may have an effect on the Fijian financial system due to tourism.
Fiji recorded 60,548 guests this March, the quantity a 102 per cent improve from that recorded in March, 2019.
And whereas issues are wanting up for now, Tourism Fiji CEO Brent Hill stated the important thing to addressing any present shocks was to have a presence in as many markets as potential.
“That’s why it was nice to be up in Japan and in China, we wish to do extra with India,” he stated.
“Once more, the extra markets we’re in, the extra we’ll have entry to these funds to have the ability to do this. We predict India has a whole lot of potential and there’s different markets like Korea as effectively which are being talked about.
“We definitely need the identical numbers of Kiwis and Australians, but when we are able to get their proportion down a bit, which implies that we’ve grown the pot of individuals which are coming, then we protect ourself if there’s some dramatic factor taking place in New Zealand or Australia.
“You possibly can’t plan for the whole lot, you couldn’t plan for the Russia-Ukraine battle or the pandemic for instance, however we’re attempting to do as many issues as we are able to to protect ourselves from that.”
