Fiji economy benefits from strong rebound in tourism – Ali

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Tourists from the cruise ship Royal Caribbean Voyager of the Seas enjoy their day out in Lautoka. Picture: BALJEET SINGH/FILE

Fiji’s economy continues to benefit from the strong rebound in tourism and its positive spill-over effects to other sectors of the economy.

According to the Reserve Bank of Fiji (RBF), visitor arrivals had increased steadily since the reopening of borders and are on track to return to pre pandemic levels.

RBF governor and Macroeconomic Committee chairperson Ariff Ali said in the first four months of this year, visitor arrivals totalled 252,245 visitors, slightly higher than the arrivals recorded in the same period in 2019.

He said that outcome was driven mainly by higher arrivals from Fiji’s traditional source markets of Australia, New Zealand and North America contributing 82.5 per cent to total visitor arrivals.

“Industry feedback reveals that the average hotel occupancy rate and revenue earned from rooms sold have outpaced pre-pandemic levels,” Mr Ali said.

He said in tandem with the robust growth in the local economy, the job market also continued to improve.

He added that based on the robust performance to date and positive industry sentiments, visitor arrivals were expected to return to 2019 level this year.

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