FHTA calls for more incentives to assist accommodation providers open new and improve existing hotels

    Fiji Hotel and Tourism Association (FHTA) believes there is a need for more incentives from the government to encourage investment for both new and existing hoteliers to increase room numbers and add further value to their properties (Fiji Times, 20-Jun-2017). FHTA CEO Fantasha Lockington stated “the lack of incentives provided to hoteliers made it difficult for them to fund improvements and extensions. Prior to 2016 there were investment incentives that made it more affordable for existing hotels to improve their product offering through the Short Life Investment Programme, which allowed accelerated depreciation of 55% of the capital cost of the project and duty concessions for imported items to be used in the hotel.” This incentive was reduced to 25% in 2016 and eliminated in 2017.