Author: admin_fijitimes

The Pacific’s yachting industry generated more than 18 million US dollars in total economic impact in 2023, despite attracting only around 950 yachts across three Pacific countries. The figures are contained in economic impact studies supported by the Market Development Facility, or MDF, and were highlighted during the launch of the Pacific Tourism Yachting Strategy 2026–2030. The studies found that yachting generated more than 8.7 million US dollars in direct expenditure across Vanuatu, Tonga and Kiribati in 2023. MDF Regional Director for the Pacific Nicholas Wolf says the figures show the high economic value of yachting to the region despite…

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