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Winter, 2006
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ECONOMY - Current trends in the North American economy

New Study Sheds Light on Tahiti's Positioning in Pacific
U.S. Economy has Positive Outlook
  

New Study Sheds Light on Tahiti's Positioning in Pacific

The South Pacific Tourism Organization (SPTO) recently released a study titled “The Economic Impact of Tourism in SPTO Member Countries.” Using existing data from member countries and a new online survey, SPTO was able to conduct the most thorough examination of the region's tourism economy in recent years. The following findings are of particular note to Tahiti & Her Islands:

-In 2004, visitors to SPTO countries spent $1.52 billion dollars, an increase of 16.7% over 2003

-The 211,893 visitors to Tahiti & Her Islands in 2004 spent a total of $501.3 million, an average of $2,365.90 per person. For comparison, Fiji's 507,000 visitors in 2004 spent a total of $413.2 million, for an average of $815.00 per person.

-When tourism revenue is expressed in terms of population, visitors spend $1,882.19 per capita in Tahiti & Her Islands, compared to only $469.08 per capita in Fiji (source: SPTO and CIA World Factbook).

Analysis: The overall jump in tourism dollars to the South Pacific indicates the forward momentum of the region's economy. With many member countries still developing tourism initiatives, there is clearly still a lot of growth potential. Despite Tahiti & Her Islands' flat growth in visitor arrivals the past couple years, visitors continue to spend more money there than they do in any other South Pacific country. Even Fiji, which has experienced meteoric growth in visitor arrivals in the past five years, does not generate tourism revenue like Tahiti & Her Islands. In 2004, the average visitor spent almost three times as much in Tahiti & Her Islands as the average visitor to Fiji.
  
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U.S. Economy has Positive Outlook
The increase in North American arrivals in late 2005 and positive indicators from the U.S. economy are good news for Tahiti Tourisme. U.S. productivity rose 4.7% in the third quarter, subduing fears of inflation (source: U.S. Department of Labor). Gross domestic product also rose in the third quarter, up to an annual rate of 4.3% (source: U.S. Department of Commerce). Furthermore, the U.S. economy added 215,000 news jobs in November, the greatest increase since July (source: U.S. Department of Labor).
  
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