LAU Provincial Council-owned Yatu Lau Company Ltd (YLCL) is considering more investment in Fiji’s tourism industry.
With occupancy capacity now a pressing need, the company is closely following developments in the sector before it decides to execute its strategy.
Already, it has mobilised work with the redevelopment of its hotel properties in the central and western divisions.
The company had just announced the $8million facelift of the Yatu Lau Arcade in Suva.
YLCL deputy board chairman Ratu Meli Saubulinayau said they were “looking at it (further investment in tourism) at the moment”.
“We are studying the trend. A decision will be made soon whether we expand because we have a piece of land near Lagoon (Resort) in Deuba. But it depends on the strategic direction that we are moving into,” Ratu Meli said in response to questions from The Fiji Times.
“And we also understand what happened during COVID period, the struggle we went through due to the lack of tourists coming to Fiji.”
YLCL chief executive Ana Delailomaloma said they had three hotel properties, and all had been rebranded.
The former Studio Six Hotel is now called the Yatu Lau Hotel and Conference.
The Lagoon Resort in the Pacific in Pacific Harbour is now known as the Yatu Lau Lagoon Resort.
“We have another property in Nadi, which we are going to be renovating as well. It is also a hotel and it is going to be called the Yatu Lau Transit Hotel,” Ms Delailomaloma added.
YLCL chairman properties Aisake Taito said at present, redevelopment work was progressing at the Arts Village in Deuba.
“We have almost completed the refurbishment of Lagoon Resort,” Mr Taito said. “And we are looking at the Toorak property that used to be the Sunia Cama café.
This year, we will redevelop that as well,” he said.