TIMESHARE TOURISM RAKES IN $23 MILLION

Fiji attracts over 50,000 timeshare holidaymakers raking in more than FJ$23 million in revenue for the tourism sector.

Minister Industry, Trade and Tourism and Mineral Resources Faiyaz Siddiq Koya made the comments during the opening of the two day Australian Timeshare and Holiday Ownership Council (ATHOC) annual conference at the Sofitel Fiji Resort & Spa yesterday.

The continued contribution, Minister Koya said, made by the timeshare industry was far reaching.

“For close to 20 years, Australian timeshare companies have contributed to the employment of thousands of Fijian people across many fields. It is a sector which often goes unrecognised and yet has a significant impact on our tourism industry,” he added.

While highlighting Government’s efforts in the tourism industry, Mr Koya said there was still more what could be achieved and this could come from learning from experiences of the Timeshare niche to develop Fiji’s further.

“A classic example is the Wyndham Resort Denarau Island, with its occupancy rate sitting above 90 per cent all year-round.”

Australia’s timeshare operators who have resorts in Fiji include Wyndham Destinations Asia Pacific, Accor Vacation Club and Ultiqa under the Wyndham, Sofitel and Ultiqa brands.

About Timeshare in Fiji

Fiji’s timeshare resorts employ over 420 people directly, whilst also supporting the construction sector, retail, transportation, tours, attractions and a wide range of goods and services providers.

Timeshare resorts typically have very high occupancy all year round, which helps the Fiji economy during low and high seasons alike. Timeshare clubs also encourage repeat visitation to Fiji and contribute to visitor spend. Without the hotel room costs to consider, studies show that timeshare owners generally have more available cash to spend on tours and attractions.