- Fijians are the happiest people on Earth –WIN/Gallup International poll
– 2.5 billion people within a 10 hour flight of Fiji.
– Fiji Tourism Board were targeting 5% minimum annual growth pre the Covid pandemic. This target will likely increase post the pandemic, as Fiji is projected to enjoy a tourism boom given its location and safe have status.
– Attractive Tax and duty incentives for new projects.
– Fiji Airways already services 12+ major international cities/markets and has potential to add new routes and frequencies for the global tourism demand growth that is projected for Fiji post Covid – 19.
– Naisoso project completion will be post Covid -19 stabilization (2024)
– Interim ‘Pacific bubble’ expected to be a boom for Fiji as only currently captures 3.1% of Australia outbound and 6.3% of NZ outbound leisure travellers.
FIJI DEMAND PICTURE
Below conditions expected to return within maximum 24–36months:
- Hotel supply, which already sits at 100% occupancy (on-peak), is insufficient to meet current tourist demand
- Estimated that hotel room supply shortage currently sits at over 1,000 rooms and growing each year with lack of supply.
- A strong demand outlook and limited new supply presents a compelling case forNaisoso
- Naisoso project responds to highest current and expected future demand segment.