50 investors to be part of Summit
Tourism Fiji and Investment Fiji have partnered up with the International Finance Corporation to bring up to 50 investors to participate in a two day Fiji Tourism Investment Summit 2023. It will be held from March 30 to April 1.
The two day Summit aims to promote investment opportunities that currently exist in Fiji’s tourism sector, the Summit is expected to attract international hotel brands.
Investment Fiji chief executive officer Kamal Chetty said they saw there was a demand for competition in the tourism sector.
As Fiji’s leading economic development agency they wanted to develop sustainable policies for investors in Fiji, he said.
Mr Chetty said there was to ensure there was ease of doing business in Fiji.
“We have been planning to have this Summit a few months ago,” he said.
“I would like to sincerely acknowledge Tourism Fiji chief executive officer Brent Hill and his team for taking the lead and partnering with us to put this event together.
“This is important for us as a country in order to look at different sectors and how we can continue to build new and sustainable investments,” he said.
The Summit would bring together key investors and hotels to fast track the opportunities, Mr Hill said.
“It is basically to say that Fiji open for business,” he said.
“I think that is really exciting for me. Tourism is the sector that brings dollars into the country. A lot of the money that comes in stays in Fiji.”
He said 2023 was an exciting year for Fiji.
“Last year we saw an incredible growth in the tourism sector whereby we saw an arrival of 666, 000 of visitors,” he said. is
“Now, this year we are expecting 90, 000 visitors to arrive. We had heard from the Fiji Airways chief executive officer Andre Vilojen that they expected 2,000, 000 visitors in 2023.
“Looking at that, about 80 per cent of Fiji Airways customers are expecting to arrive in Fiji and then you add the other airlines, it’s looking to be an exciting year for Fiji,” he said.
Fiji Airways was expected to open to new markets this year, he said.
“They want to operate to more ports and Mr Vilojen is on report of opening to new markets in the U.S and Asian market,” he said.