Tourism and Civil Aviation Minister Viliame Gavoka announced the extension of the short life investment package tax holiday for investors in the new budget.
Speaking at the Asia Pacific Hotel Industry Conference and Exhibition (AHICE) Fiji Investment in Tourism Summit at the Sofitel Fiji Resort and Spa, he highlighted that this extension applies to investors who acquire existing hotels and undertake renovations and refurbishments exceeding $50 million.
“We have increased our marketing budget through Tourism Fiji and will continue to strategically drive reforms to make it easier for you, our investors, to invest in Fiji and the Fijian brand,” Gavoka stated. “Over the course of the day, you will hear more from our partners.”
In recent years, Gavoka noted significant transformations within the tourism industry, including the development of world-class resorts and eco-tourism projects, as well as enhancements to cultural and historical sites. He emphasized that these advancements aim not only to attract visitors but also to create lasting impressions that turn tourists into lifelong ambassadors for Fiji.
However, Gavoka stressed that sustaining and expanding this growth requires strategic investments. Last month, Fiji launched its National Sustainable Tourism Framework, which outlines responsible growth goals focused on a prosperous visitor economy, thriving and inclusive communities, visible and valued cultures, and healthy islands and oceans.
The AHICE Fiji Investment in Tourism Summit is organized by HM Magazine, presented by Fiji Airways, and co-hosted by Tourism Fiji and Investment Fiji.