World Bank predicts Palau will benefit from tourism boom worldwide
World Bank predicts that Palau, Vanuatu and Samoa will be the greatest beneficiaries of the projected tourism boom, followed by Fiji and Tonga.
World Bank last week presented at the annual meeting of the Pacific Islands Forum,
its blueprint for Pacific success — Pacific Possible which highlighted tourism as the “crucial economic backbone.” [restrict]
The launching was held in Samoa, where the forum was held.
It also noted that Chinese tourism is key to the potential of the tourism growth in Pacific nations and that Pacific nations such as Palau can tap into this potential and just capitalizing on Chinese market, tourism could create 65,000 jobs and boost the Pacific countries economy by more than $1 billion — if crucial infrastructure is created and well maintained.
The report forecast that Vanuatu, Samoa and Palau will be the greatest beneficiaries of the projected tourism boom, followed by Fiji and Tonga.
Tourism is the economic driver of Palau’s economy and tourists from China. Palau however are getting the low-end tourists from China which has dominated its tourism key market since 2015.
Meanwhile, the United States sent Acting Assistant Secretary for East Asian and Pacific Affairs Susan Thornton’s to participate in PIF)Forum Dialogue Partners (FDP) meeting announced the Department of State’s Bureau of Educational and Cultural Affairs, in partnership with the East-West Center, will conduct a four-part, two-way Economic Empowerment program for emerging tourism leaders from the Federated States of Micronesia, Fiji, Kiribati, Nauru, Palau, Papua New Guinea, Republic of the Marshall Islands, Samoa, Solomon Islands, Timor Leste, Tonga, Tuvalu, and Vanuatu.
“The program’s goal is to invigorate Pacific island economies by increasing the capacities of mid-level tourism professionals in the private and public sectors and civil society organizations. The first group of participants will arrive in the United States in the Spring of 2018,” the press statement stated. (B. Carreon) [restrict]