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Radaus
Fri, 12 Mar 2010
SYNDNEY, Australia ----- The Asian Development Bank (ADB) has warned the Pacific will see a new slowing of tourism growth in this year.
Unexpectedly strong tourism numbers from Australia and New Zealand in 2009 played a key role in protecting many Pacific island economies from an even worse experience of the global economic crisis.
The Asian Development Banks, Carig Sugden, said a decline in discretionary spending in those two key tourism source countries will lead to a slowing of the tourism growth in the Pacific in 2010.
“Cook Islands, Vanuatu, Samoa and Tonga are probably more exposed than the Fiji Islands.”
Mr Sugden said the slower growth in tourism is a short-term effect with conditions expected to improve in 2011.
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