Yachting Tourism Injects $ 59m Into Economy
Royal Suva Yacth Club.
A new study has revealed that the industry has contributed $ 59 million into the economy.
This conference was held during the national yachting stakeholders meeting at Sofitel Resort & Spa in Nadi, which included industry representatives, Government and development agencies.
The study was part of the key findings of a recent Yachting Economic Impact Study for Fiji.
The study highlighted the important contribution that the Yachting Tourism Sector makes to the Fiji Economy, generating $ 59 million per annum.
While yachting tourism does not have the largest numbers of arrivals with only 4330 crews and passengers arriving on 714 yachts in 2018, it is one of the highest yielding tourism segments with an annual average spend for each visitor per trip of $ 6584 compared with the national average of $ 2067 quoted in the Fijian Tourism 2021 Plan.
Super yachts arrivals into Fiji have surpassed Australia, with each visit generating $ 167,000 with an annual overall contribution of $ 7.9m in 2018.
The economic contribution by the sector is even more pronounced when it is considered that it is more likely that it is going to be more popular in the area of food, supplies and repairs.
The Yachting Study was developed in Port Denarau Marina, Vuda Marina and the Australian Government Market Development Facility (MDF) and produced by international consultancy firm, AMSTEC Pty Ltd.
According to Cynthia Rasch, General Manager, Port Denarau, the Marina is delighted to partner with MDF to carry out an independent study.
“Ms Yachting said,” The vitality of the economy plays a vital role in the growth of this economy and their economic contribution, employment, social and environmental contributions to local communities.
Adam Wade, General Manager, Vuda Marina echoed Rasch’s comments: “Many people are unaware of the diverse nature of the yachting industry and have created many businesses that are organically formed to meet the needs of this vibrant and emerging community of adventurous travelers. ”
MDF Fiji Country Director Mujaddid Mohsin said: “MDF is pleased to be partnering with Fiji’s two largest Marinas in producing the yachting study to support more evidence-based policy dialogue and encourage new industry growth initiatives by local stakeholders.”
– Market Development Facility